Herman Cain's 9-9-9 tax plan calls for a nine percent tax on what businesses make plus a nine percent tax on what individuals earn and an additional nine percent tax on what individuals spend. Cornell University economist Robert H. Frank, a critic of Cain's tax proposal, talks to Renee Montagne about the plan.
Herman Cain's simplified tax plan has vaulted him into the spotlight and has sent his poll numbers soaring. But do people actually know much about the Republican presidential candidate's 9-9-9 tax plan, and how it would affect them?
President Obama is drawing sharp contrasts between his jobs plan and the ideas put forward by Republicans in Congress, as he continues his bus tour through North Carolina and Virginia. That may not bring his jobs plan any closer to passing, but it does help frame the argument for the 2012 election.
The editor of Newsweek offers some required reading on the gap between the Tea Party and the Republican establishment — and talks about the "Yes We Cain" issue of Newsweek, featuring Republican Herman Cain. "Herman Cain is surprising everybody," Brown says.
Iowa's Republican Party officials have set their presidential caucuses for Jan. 3, maintaining that state's position as the first contest. The move was expected though Iowa officials had been waiting to see what date New Hampshire would choose. The New England state has yet to announce an earlier date for its primary. So Iowa went decided to go ahead and pick a date.
GOP presidential candidate Rep. Ron Paul says he would end not only the Education Department, but also the Departments of Commerce, Interior, Energy and Housing and Urban Development. Furthermore, Paul is promising to balance the federal budget in the third year of his presidency.
Texas Gov. Rick Perry entered the GOP presidential race Aug. 13, and went on to raise $17.2 million in the remaining 49 days of the quarter. These fat numbers put Perry at the front of the GOP money race. But when we dissected Perry's FEC report, we found three hidden weaknesses.
Republican presidential candidate Herman Cain is surging in the polls. He credits his success to three numbers: 9-9-9. Tax experts say the plan would most likely cut taxes for the rich and increase the burden on the poor and middle class substantially.
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