Cain: 999 Plan Will Raise Taxes For Some

Herman Cain acknowledged Sunday that while  he expects the majority of Americans to pay less in taxes under his trademark 999 plan, some will pay more.

Appearing on NBC’s Meet the Press, the former Godfather’s Pizza CEO attempted to counter criticism that the sales tax and a 9 percent income tax portion of his plan will require more from Americans who currently don’t pay income taxes, explaining that the slate of taxes removed from the modern system will ultimately bring down costs.

“We replace capital gains tax.  We replace the payroll tax.  We replace corporate income tax, replace personal income tax, and replace the death tax,” Cain said. “It is a replacement tax structure.”

In particular, Cain noted, the price of goods will fall since removing taxes currently levied on businesses will allow products to be made for cheaper.

Cain added that the sales tax will hit those who purchase new good and will not apply to used products.

Although he has spent the majority of the 2012 campaign as a second tier candidate, Cain has recently surged to the top of the polls after winning Florida’s Republican Straw Poll.