Cain's tax plan would mean a flat nine percent income tax, a nine percent corporate tax and nine
percent national sales tax.
Flake does nod in the direction of a grand bargain that combines entitlement cuts with tax increases, but he doesn't mention that he was a longtime supporter of replacing the federal tax code with a 23 -
percent national sales tax.
Perhaps the biggest red flag for businesses is the 9
percent national sales tax Cain is proposing.
Not exact matches
The President boosted the number of federal regulations affecting small businesses by 13
percent during his first term in office, leading governmental regulation and red tape to overtake
sales,
taxes and the cost / availability of insurance as small business's biggest problem, respondents to the
National Federation of Independent Business small business survey explain.
Perhaps most important is that the
National Association of Realtors Pending Home
Sales Index for March increased more than 4
percent, reaching its highest level since the end of the home buyer
tax credit period.
Data from the
National Association of Realtors also shows the
percent of
sales accounted for by first - time home buyers is flat after spiking due to the Home Buyer
Tax Credit, which expired in 2010.