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Cain's Tax Plan Would Help the Rich, Hurt the Poor

The non-partisan Tax Policy Center has analyzed Herman Cain's 9-9-9 tax proposal. Business Week reports on the findings:

Republican presidential candidate Herman Cain’s 9-9-9 plan would lead to higher tax bills for lower- and middle-income Americans while most high earners would pay less tax than they do now, according to a new analysis.

The 9-9-9 plan would translate into a tax cut for almost 95 percent of Americans with cash income exceeding $1 million, according to the analysis released today by the nonpartisan Tax Policy Center in Washington.

The Associated Press has more. If you want to crunch the numbers yourself, here is the Tax Policy Center's analysis and charts.

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Cain "Jokes" About Electrified Border Fence

Herman Cain, the newest Republican flavor of the week, told those attending a Tennessee rally yesterday about his response to a someone who had challenged his pro-border fence position on his call-in radio show. Cain said he responded:

When I'm in charge of the fence, we going to have a fence. It's going to be 20 feet high. It's going to have barbed wire on the top. It's going to be electrocuted, electrified," Cain said. "And there's going to be a sign on the other side that says it will kill you."

Today on Meet the Press, he said he was joking: [More...]

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