From THE WALL STREET JOURNAL:
GOP presidential candidate Herman Cain has a plan to fix the economy. Just don’t ask him to tell you who helped him write it.
In an interview on Fox News Sunday, Mr. Cain declared that �some of the best economists in this country helped him develop the plan, which he has dubbed the 9-9-9 plan because it would create a 9% flat tax on business and personal income and create a 9% national sales tax.
But Mr. Cain repeatedly refused to name those bright minds when pressed by the show’s host, Chris Wallace.
My unnamed sources have told me where Herman’s unnamed economists come from and why he won’t say who they are.
Original DVD cover
“The chairman of my economic advisers is a gentleman by the name of Rich Lowery of Cleveland, Ohio. He worked with a couple of other people quite frankly that are well known that I’m not at liberty to mention their names,” Mr. Cain said.
An e-mail to Mr. Cain’s campaign to find out more about Mr. Lowery of Cleveland was not immediately returned. The editor of National Review, a conservative magazine, is Rich Lowry, but he hails from Arlington, Va.
Rest assured, the plan that these secret economists helped draft will inspire the business community to generate jobs, said Mr. Cain, who is the former chairman and CEO of Godfather’s Pizza.
Mr. Cain did not address questions about whether his plan, which would cut taxes significantly for wealthy Americans and businesses, would amount to a tax increase for Americans who currently don’t pay income taxes.
Presidential candidate Herman Cain defended his “999″ economic proposal on Fox News Sunday today to Chris Wallace […]
[…] Wallace told Cain that his staff researched the 999 plan and suggested it appears to favor millionaires and billionaires (a timely subject given President Obama’s impeding proposal to increase the taxes of Americans in the top income bracket).
“It looks to us like under your plan, corporations and the wealthy will pay considerably less than they currently do, and lower-income people particularly, the 45 percent, roughly, of Americans who don’t pay income tax now will end up paying a lot more.”
Cain denied this was accurate, pointing out that under his plan, payroll taxes would drop to 9 percent. Wallace asked him about the tax increases among the 45 percent. Cain’s answer was blunt and to the point.
“A good economic growth plan should not be designed to help more people not pay taxes, Chris.”
He argued that “bad behavior would determine how much tax they pay,” and insisted his plan would incentivize Americans to be more responsible with how they spend their money.
(Video at MEDIAITE link)