Cain tweaks 9-9-9 tax plan to allow exemptions
DETROIT (AP) -- Republican presidential hopeful Herman Cain on Friday redefined his tax plan to exclude the poorest Americans and to allow some deductions, abandoning the zero-exemption feature of his "9-9-9" proposal that helped win headlines but would have meant a tax increase for 4 out of 5 Americans.
After sharp criticism over his one-size-fits-all plan from Republicans and Democrats alike, Cain proposed no income taxes for Americans living at or below the poverty line. He also proposed exemptions for businesses investing in "opportunity zones" as a way to give an economic jolt to rundown neighborhoods such as the one he visited in hard-hit Detroit.
News from The Associated Press