Cain's 9-9-9 tax plan is simple: you'll simply pay more

By John W. Schoen, Senior Producer

When it comes to Republican presidential candidate Herman Cain's proposed 9-9-9 tax plan, there’s one thing all sides agree on: it’s very simple

If you're a corporation, own a small business or count yourself among the richest Americans, you'll simply love it. If not, you'd simply pay a lot more in taxes.

Everyone hates the current tax code. A Congressional supercommittee is attacking the mess as part of a broad proposal to balance the federal budget. President Barack Obama wants to pay for his jobs stimulus package by raising taxes on the wealthiest households. Corporations are agitating for a “tax holidayâ€