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FBN’s Gerri Willis on how Republican presidential candidate Herman Cain’s 9-9-9 plan would potentially impact Americans across the country.
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How would you like to pay another tax.
May be a federal sales tax.
That's what I thought.
But -- 9% sales tax is key key to -- 999 plan.
Already 45 states are charging sales taxes and McCain's plan became -- well you'd end up paying 9% plus whatever your state local government charges for example.
If you live in Mississippi or Tennessee -- New Jersey where sales taxes or 7%.
He face at 16% sales tax -- plus your income tax and business stacks.
And who knows what kinds of purchases could get hit by -- sales tax there's nothing to say it would the plight of housing for example.
And here's my real fear -- that 999.
Won't be the end of that story years from now.
It will be stepped up to at 121212.
Or -- 353535.
Think about it have you ever heard of attacks going down.
After all authors of our original income taxes and put in place a ceiling of 5% on -- -- -- -- Didn't work out that way did it 5% is more like -- war.
I say be aware gets in pizza boxes that's my to say.
