Herman Cain - Abolish Income Tax, Introduce National Sales Tax

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Uploaded by on Jul 30, 2011

May 23, 2011, Fox News Sunday
2012 presidential candidate Herman Cain outlining his proposal on a new national sales tax to replace the personal income tax
http://2012.presidential-candidates.org/
http://2012.presidential-candidates.org/Economy.php

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  • Would we be able to make as much money as we do now from a national sales tax? I really think the national sales tax is a fair tax, even on food, just because poor families won't have to pay any income tax, they'll have extra money.

  • Whats this talk about a value added tax (VAT) does that come with his plan?

  • No I don't think so , tack on your state and county taxes which is 8% where I'm at.

    That's 31% , and if you believe the other studies thats:

    34 + 8 = 42 % on everything including food ?

  • What about the state tax? Would a NST also replace the state tax? because it did wouldn't states have no source of revenue and go bankrupt.

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