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The New Hampshire presidential debate of Oct. 11 was disgraceful. The misstatements about Herman Cain’s 9-9-9 tax proposal is proof that the other candidates never read it.

Economics 101: The taxes and other costs that businesses pay are collected from the consumers. According to a leading American economist and the author of “The Fair Tax,” there is a hidden consumption tax on everything people buy of 22.5 percent or more. Most wage earners (including myself) pay 11 percent or more in federal taxes. Adding those together means I would pay 33.5 percent. Under Cain’s 9-9-9 plan, I would pay 27 percent, a savings of 6.5 percent.

Those who don’t now pay federal taxes would pay 18 percent instead of the 22.5 percent, a savings of 4.5 percent.

Sounds fair to me.

I will support Herman Cain for president.

Eddie Shurtleff, Rumford

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