Yes, Herman Cain's 9-9-9 Plan Is Regressive
Jared Bernstein writes:
9-9-9 in One (Really Long) Graph: "In my previous post decrying the extreme redistribution of the tax burden from the wealthy to everyone else, I had to use two graphs to tell the story. I couldn’t fit the increase in tax liabilities for the bottom 80% on the same graph that include the over $1 million decrease in tax liability for the top 0.1%.
But my CBPP colleague Brian Highsmith could. So here you have it: the change in tax liabilities, compared to current tax policy, under 9-9-9, for different income groups, in one incredibly unsettling graph.
