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http://bottomline.msnbc.msn.com/_news/2011/10/13/8304334-cains-9-9-9-tax-plan-is-simple-most-will-simply-pay-more>
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>The biggest knock from the article:
>The reason the plan would hit poor people much hardest that the wealthy is also simple. The current tax code provides a series of deductions, credits and exemptions that ease the tax burden on all households, but they have a greater positive impact those at the bottom of the income ladder. As a result, some 38 percent of U.S. households pay little or no taxes. They would now suddenly be hit with what amounts to a tax bill that represents 27 percent of their income, according to USC law professor Edward Kleinbard, who published a paper this week calling the 9-9-9 plan “a terrific example of fiscal hocus pocus.”
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>Somewhere close to 48% of all Americans pay no federal income tax! THAT is fiscal hocus pocus. The filthy rich pay a lower effective tax rate than their employees!!! THAT is fiscal hocus pocus.
What I am wondering is what msnbc.com is doing publishing the writer. That excerpt contains two grammatical whoppers in two sentences (charitably counting "much hardest that the wealthy" as only one).