Herman Cain’s 9-9-9 Sham

Natural Born Conservative ^ | October 23, 2011 | Larry Walker, Jr.

[GeronL]

But under Cain’s upside-down theory, businesses will not be allowed to deduct wages from gross income, unless they reside in empowerment zones.

That should be a deal killer.

The whole "opportunity zone" thing is stupid. If it's good enough for Detroit, then just do it for the whole fracking country, permanently.

[mazda77]

Put the bong down and step away from the lighter, please.

[Berlin_Freeper]

I want to open liquor stores in all the empowerment zones.

[mazda77]

I’ve worked with the tax law for 30 years, and I don’t think it’s all that complicated.

Step away from the bong.

[Ingtar]

There are so many distortions, false assumptions, and just plain incorrect statements in that, I cannot decide where to start. I guess, for one, that the only reason someone buys a house in your world is for the interest to be deductible. At least you didn’t post it as blog bait.

[Recovering_Democrat]

Hmmm. Interesting numbers.

Who DOES the writer support for President? Perry? Romney? Bachmann? Please don’t tell me Huntsman.

[jessduntno]

“Put the bong down and step away from the lighter, please.”

What prompted that?

[muawiyah]

Hmm ~ this piece started off like a speech I saw in “Animal House” ~ http://www.youtube.com/watch?v=6PYb_anBMus ~ popularly known as “The Otter Defense”. I usually ignore all such speeches as much as possible.

[petercooper]

I like Cain, but this plan will be his undoing.

[Da Coyote]

This guy claims to know taxes?

Yeah, and Obama’s birth certificates are real, too.

[truthguy]

I’ve worked with the tax law for 30 years, and I don’t think it’s all that complicated

I find the sentence above stunning. My goodness. Yes, I think most people who have 30 years of experience with the law (or anything else for that matter) wouldn't think it complicated. Find someone with just a little less experience and ask them. Unbelievable!

[Venturer]

The tax code should be simple enough that a High School Graduate should be able to do his own taxes without a computer program.

I hire a person to do mine.

[Souled_Out]

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"I’ve worked with the tax law for 30 years, and I don’t think it’s all that complicated."

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Creditability gone.

[GeronL]

lol.

[Lakeshark]

I’ve worked with the tax law for 30 years, and I don’t think it’s all that complicated.

You lost me right there.

I'm presuming you are speaking for all CPA's, knowing there will suddenly be major competition because you wouldn't be needed, if we simplified the tax code.

Small businesses and those with complex earnings statements must have a CPA firm as it stands now, not because they need to understand their cash flow or their business capitalization, but because they have to hire accountants to do their taxes and set up their books for the IRS.

Sorry Charlie, but your argument lost it in the first sentence.

[reefdiver]

The Godfather of supply-side economics, Arthur Laffer, has given Herman Cain's signature “9-9-9” economic plan a critical boost.

So why do you suppose Art did that?

I went with Art in the 80s, things turned around fast, went quite well thank you.

I'm going back for second helpings, you do what you want.

[Cletus.D.Yokel]

But, most importantly, Larry Walker, Jr. will no longer be a ighly paid corporate CPA and

just

might

have

to

sell

the

Beemer!

[CSI007]

“I’ve worked with the tax law for 30 years, and I don’t think it’s all that complicated.”

And this my FRiends is why the article writer does not like Cains plan.

He will be out of a job the instant this is signed into law.

[mosesdapoet]

Watch NBC eagarly pick this up As another of its “services in kind xampaign contributions” ... Who is natural born conservative anyways ?