Chart of the Day

The Winners and Losers of Herman Cain's 9-9-9 Plan

Dino Grandoni 5,531 Views Oct 19, 2011

The Center on Budget and Policy Priorities has made an incredible and incredibly long chart to show how Herman Cain's "9-9-9" tax plan would impact taxpayers. As The Atlantic's Jared Bernstein (via the magazine's Derek Thompson) point out, it shows not only that tax liability would go up for the bottom 80 percent of income earners increase under Cain's plan, but also that the tax savings of the top 1 percent and top 0.1 percent are several orders of magnitude greater than the tax increases on those poorer. You may want to grab a cup of coffee before you start scrolling:

 

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