Cain's 999 Tax Plan Boosts Output, Jobs And Tax Revenues: Arthur Laffer

From The Wall Street Journal, "Cain's Stimulating '9-9-9' Tax Reform: A new sales tax could be raised in the future—but so can any other tax. And the low marginal rates would jump-start the economy." by Arthur B Laffer:

The whole purpose of a flat tax, à la [Herman Cain's] 9-9-9, is to lower marginal tax rates and simplify the tax code. With lower marginal tax rates (and boy will marginal tax rates be lower with the 9-9-9 plan), both the demand for and the supply of labor and capital will increase. Output will soar, as will jobs. Tax revenues will also increase enormously—not because tax rates have increased, but because marginal tax rates have decreased.

Read Laffer's complete opinion piece here.