Herman Cain is enjoying some popularity as a Republican contender for the presidency of the United States. His big idea is a 9-9-9 tax plan. Huntsman, Romney, Perry, and all the others have a tax plan. There’s only one problem: the President doesn’t determine tax policy. He can suggest what he wants to Congress, but the rates and types of taxes that can be collected (legally) are out of his hands. The centerpiece of Cain’s campaign to win the job is something that’s not in the job description.
That’s not to say that the President can’t do anything to affect the economy of the nation. All of the bureaucratic agencies that interpret legislation to impose regulations on businesses and individuals across the country are part of the Executive Branch. The President can negotiate trade agreements (subject to Congressional approval) that impacts imports and exports. Plus, of course, all of those federal government offices spend money, and reducing discretionary spending would reduce the amount of tax revenue necessary to balance the budget (or, more likely, reduce the size of the budget deficit).
So when do the Republican candidates get a chance to shoot themselves in the feet with their foreign policy proposals?
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