9-9-9 isn’t as simple as it used to be.
There have been criticisms that the 9-9-9 plan would burden low-income Americans with higher taxes, but Cain announced today that there would be no income tax levied on the poorest.
“If you are at or below the poverty level, your plan isn’t 9-9-9,” Cain said in his speech, according to CNN. “It is 9-0-9. Say amen y’all. 9-0-9.”
“We’ve had that poverty provision in there all along in terms of the amount of revenue we were going to generate with 9-9-9,” Cain told Fox News. “We’ve had the opportunity zone in there all along.”
“The reason I didn’t bring it up earlier,” he added, “is because I wanted to introduce people to the idea before I unveiled some of the other pieces. Look, it’s already been attacked because they said it did do this and didn’t do that. … My point is this: they didn’t read my plan all the way through!”
A study from the Tax Policy Center released this week found that 84 percent of households would have a tax hike, not a decrease, under 9-9-9.
“Those provisions were already there,” Cain stressed again in reference to the provisions emphasized in his speech today. “The people who are attacking it simply did not look at the analysis.”