Perennial Republican Congressional candidate Dan Sebring, who’s no doubt facing another electoral drubbing this November after getting crushed by incumbent Democratic Rep. Gwen Moore in 2010, has issues.
More specifically, Sebring has a list of issues he’d address if elected to Congress, and among those issues is taxation. However, instead of coming up with his own plan on taxation, Sebring has latched on to the “9-9-9” tax plan hatched by disgraced former Republican presidential candidate Herman Cain. In fact, here’s a screenshot of Sebring’s campaign website touting his support of Cain’s “9-9-9” tax plan.
While Dan Sebring seems to think the Herman Cain “9-9-9” tax plan is a great idea, there’s just one problem: the “9-9-9” tax plan would actually increase taxes for middle class families (emphasis added).
If you have a family of four with an income of just under $50,000, they could end up paying more under the Cain plan. Currently, they are taxed around $3,850 in income tax. Under Cain’s plan, they would be taxed at 9 percent or pay $4,500.
That’s $650 more.
Although the family would save almost $4,000 in Social Security taxes, it would have to give up the child tax credit worth the same amount. Furthermore, it would pay an additional national sales tax of 9 percent on everything purchased, including groceries and clothes, which totals about $2,000.
That means under the Cain plan that family could end up paying $2,725 more.
“It’s going to raise the price of just about everything by about 9 percent,” said former George W. Bush economic policy adviser Bruce Bartlett. “We know from experience and analysis that that tends to hurt people with low incomes.”
While the “9-9-9” tax plan proposed by Herman Cain and supported by Dan Sebring may make the tax code much simpler, it certainly doesn’t appear it will make the tax code any fairer, especially for middle class families who are already struggling to make ends meet, and I know there are plenty of families in the fourth Congressional district who would be negatively impacted by the tax plan supported by Dan Sebring.