“No Man’s life liberty or property is safe while the legislature is in session”.

- attributed to NY State Judge Gideon Tucker

Saturday, October 15, 2011

Cain's 9-9-9 Plan Gains Support from Ryan & Laffer

Despite carping from Rick Santorum and Mitt Romney, neither of whom I think actually understand Herman Cain's tax code overhaul, both House Budget Committee chairman Paul Ryan and economist Art Laffer, Reagan's former economic advisor, came out publicly to endorse Cain's 9-9-9 plan.

Ryan, in footage I saw on cable news last week, publicly announced his satisfaction with Cain's tax plan. Coming from Ryan, that's high praise indeed.

Art Laffer endorsed Cain's plan on Brett Baier's Fox News Special Report- see video below. Laffer also echoes my thoughts on why it's useless to attack the plan's sales tax component as being susceptible to being hiked by future Congresses. In short, it's a useless straw man argument.

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