Cain Tweaks 9-9-9 Tax Plan to Allow Exemptions

By: Kasie Hunt and Philip Elliott, Associated Press
By: Kasie Hunt and Philip Elliott, Associated Press

Cain Tweaks 9-9-9 Tax Plan to Allow Exemptions

Detroit, MI (AP) - Republican presidential hopeful Herman Cain is
redefining his signature "9-9-9" tax plan, which would have meant
a tax increase for more than four out of five Americans.

Cain on Friday proposed what he calls "opportunity zones" to
help spur neighborhoods in need of a jolt. Cain spoke in front of
an old train depot in Detroit that saw its last passenger in 1988.
Cain says sites such as that one would find a second life under his
economic plan.

Cain also proposed that some economically depressed areas could win exemptions from zoning and building codes. He says minimum wage laws could be waived to give more people jobs.

And he's proposing new tax brackets to reflect different income
levels.

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Cain: Out with the Old Tax Code, In with 9-9-9

Las Vegas, (AP) - Herman Cain is defending his tax plan a day
after his Republican rivals assailed his 9-9-9 proposal in a
presidential debate.

At the Western Republican Leadership Conference on Wednesday,
Cain told the audience that his plan will throw out the current tax
code. He says his opponents want to build on what's already in
place.

Rick Perry says he wants to throw out the tax code and replace
it with a flat tax. Mitt Romney wants to make less dramatic tax
changes.

Cain said his opponents, including former Pennsylvania Sen. Rick
Santorum, were too focused on what kind of plan could pass
Congress. He said he wasn't worried about Congress. That's the
"difference between a politician and a problem-solver," Cain
said, which is how he's positioning himself.

(Copyright 2011 by The Associated Press. All Rights Reserved.)


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