From Grand Rapids Press:
GRAND RAPIDS – Herman Cain said today that former U.S. Rep. Pete Hoekstra has pledged support for the one-time presidential candidate’s 9 percent tax plan.
Hoekstra, a Holland Republican seeking to challenge and upend U.S. Sen. Debbie Stabenow, will tour the state with Cain on Thursday, making stops in Grand Rapids, Kalamazoo, Ypsilanti and Troy.
Cain’s tax plan calls for the elimination of the current tax system, replacing it with an across the board 9 percent tax on personal income, corporate income and a national sales tax.
Projections by the Washington Times show it would bring in only $1.8 trillion, $360 billion short of what the government currently rakes in annually. Cain has said his plan is revenue neutral and would take of as the economy rebounds. He said it returns power to the people and takes it away from the government.
“Adopting my 9-9-9 tax plan is one way to do just that,” Cain said in a news release. “I’m delighted to have Pete on board.”