Suprise! Bill Minor doesn’t like Cain’s ‘9-9-9’ tax plan

Suprise! Bill Minor doesn’t like Cain’s ‘9-9-9’ tax plan

As an old political writer who has seen about every possible wacky idea stirred into the political stewpot, I should perhaps know better than spend words on Herman Cain’s “9-9-9” economic plan.

But when one of the ex-Godfather Pizza mogul’s presidential platform is to enact a 9 percent national sales tax, it set off my alarm bell. If installed, it would virtually disembowel Mississippi’s 7 percent sales tax, the bread-and-butter revenue producer of our state tax code.

Imagine having to pay 16 cents in sales taxes to buy a quart of milk or a loaf of bread, and just about everything else, on a frugal shopper’s grocery list.

Clarion Ledger
10/20/11