Free Republic
Browse · Search
GOP Club
Topics · Post Article

Skip to comments.

The 999 plan pass the plan and read it later

Posted on 10/13/2011 3:53:13 PM PDT by TLittlefella

Cain’s website is scant (at best) describing his 999 proposal. Pelosi said “pass the plan
and read it later” and the damn fools did exactly that. With the scant details provided by
Cain’s 999 there is little difference between those damn fools and those of us touting the
mysterious 999 plan.

Individual Flat Tax – 9%
Gross income less charitable deductions
Empowerment Zones will offer additional deductions for those living and/or working in
the zone.

Retirement income – Is that subject to the 9% tax?
Social Security Income – Is that subject to the 9% tax?
Disability Income received by returning disabled war heroes – Is that subject to the 9%
tax?
Child Support Received - Is that subject to the 9% tax?
Cain’s website does not say these incomes are exempt so are we to assume they are not?

Gross income less charitable deductions – does this mean all charities? I can see a lot of
new charities emerging. Perhaps even charities openly hostile to the American way of
life. It seems odd to me that Cain favors charitable deductions over mortgage interest
deductions. The hell with the American dream of owning a home, let’s be a nation of
renters.

Empowerment Zone deductions – there is little doubt what class of people this will favor

National Sales Tax – 9%

Cain’s website does not list a single exemption from this tax.

Will buying a new home be taxed? Oh, I forgot, we are not buying homes anymore – we
have become a nation of renters.

Buying a new car will add 9% to the state sales tax for many of us. Hell if we are renting
we may as well all use cabs for transportation to escape the 9% sales tax. Using a cab will
even save us the added 9% to the $4 a gallon of gas we need for a car. And we won’t
need to buy tires, oil changes, etc. – all subject to the 9% sales tax.

I just had a yard sale and sold my lawn mower for $100. Who is responsible to collect the
$9 sales tax from the buyer? What form will I use to file the $9 sales tax I owe? Maybe I
could collect the $9 sales tax from the buyer and use that same $9 to pay the income tax I
owe.

Summary
For sure Cain is aware of the many questions associated with his plan. Yet his website
remains very lacking in details. This is troubling. We don’t need verbal details from Cain
on various talk shows, we need written answers on his website.

Cain will often tell us he will surround himself with knowledgeable people to fill the gaps
in his lacking knowledge about any given subject. This is a great concept and I agree with
it 100%. The problem comes when you don’t scrutinize those gap filling ideas and that is
what happened with Cain and the Lowrie produced 999 plan. Cain failed to fully
understand the impact on the middle class, he probably saw the impact on the lower class
and threw in the Empowerment Zones exemption as a fix.

The 999 plan is unlikely to ever pass in Congress. It is Cain’s apparent lack of
understanding the impact of such a plan would have on the average American that troubles
me.

Cain - a great man
with a terrible plan

Thomas Littlefella

.


TOPICS: Campaign News
KEYWORDS: 999; cain; troll; trolls4romney
Navigation: use the links below to view more comments.
first 1-2021-4041-6061-75 next last

1 posted on 10/13/2011 3:53:16 PM PDT by TLittlefella
[ Post Reply | Private Reply | View Replies]

To: TLittlefella

Art Laffer endorsed 999. Just saying


2 posted on 10/13/2011 3:55:03 PM PDT by Lazlo in PA (Now living in a newly minted Red State.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Lazlo in PA

Art doesn’t hold an economic candle to tlittlefella.

/sarc


3 posted on 10/13/2011 3:56:39 PM PDT by tatown
[ Post Reply | Private Reply | To 2 | View Replies]

To: TLittlefella

Well, what would one expect from a neophyte...


4 posted on 10/13/2011 3:56:53 PM PDT by shield (Rev 2:9 Woe unto those who say they are Judahites and are not, but are of the syna GOG ue of Satan.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: tatown

Yep, forget about Paul Ryan and Art Laffer.

As they say, so goes tlittlefella...


5 posted on 10/13/2011 3:58:34 PM PDT by perfect_rovian_storm (Perry's idea of border control: Use both hands to welcome the illegals right in)
[ Post Reply | Private Reply | To 3 | View Replies]

To: TLittlefella

40% of the cost of everything you buy, from a home to a car to a toothbrush is tax upon tax upon tax. When the GNP is 10 trillion dollars and the government spends 4 trillion dollars ...where do you think the 4 trillion comes from?

Buy a car? 40% of the cost is layers of taxes assessed on the earnings of everyone involved from the guys that dug the ore out of the ground to the guy attaching the windshield.

People like you need to get a clue.


6 posted on 10/13/2011 3:59:18 PM PDT by macquire
[ Post Reply | Private Reply | To 1 | View Replies]

To: TLittlefella
I just had a yard sale and sold my lawn mower for $100. Who is responsible to collect the $9 sales tax from the buyer?

The same person who currently collects sales tax for your illicit crack cocaine transactions.

7 posted on 10/13/2011 4:00:24 PM PDT by Grizzled Bear (No More RINOs!!!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: tatown
Yeah. You are right. tlittlefella types his stuff out on a computer. Laffer the rube uses cocktail napkins.


8 posted on 10/13/2011 4:01:29 PM PDT by Lazlo in PA (Now living in a newly minted Red State.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: TLittlefella

If you don’t know the details of the plan as you have just admittted to everyone then how can you call it a terrible plan?

Back to the drawing board for you. Sheeze...


9 posted on 10/13/2011 4:02:53 PM PDT by avacado
[ Post Reply | Private Reply | To 1 | View Replies]

To: perfect_rovian_storm

I don’t think that Cain’s 9-9-9 plan is the center of the attraction for Cain supporters. I think that it’s more the fact that Cain came into this race with a plan and stands by it without waivering, through all the criticism.

If the 9-9-9 plan is unworkable, it won’t pass Congress, but it will force Congress to take a serious look at reforming the tax code.

The draw for Cain is that people think that he is trustworthy. Something they haven’t seen in a politician for a very long time.


10 posted on 10/13/2011 4:03:06 PM PDT by Eva
[ Post Reply | Private Reply | To 5 | View Replies]

To: TLittlefella

We are 13 months away from the election.

The Hermanator is introducing general principles and sparking a debate on whether that is the right direction to go in.

That is exactly what we should be doing now. The parallel you are trying to draw to Obamacare is stupid.


11 posted on 10/13/2011 4:04:38 PM PDT by Meet the New Boss
[ Post Reply | Private Reply | To 1 | View Replies]

To: Grizzled Bear

I believe I read the 999 plan doesn’t count used items as taxable. Or maybe I just dreamt it.


12 posted on 10/13/2011 4:05:17 PM PDT by DesertSapper (CAIN 2012!!!)
[ Post Reply | Private Reply | To 7 | View Replies]

To: shield

Yeah! Cain is a ‘neophyte’!

The real answer is a stuttering, corrupt, imbecilic, ‘expert’ from Texas who can’t string 3 words together into a coherent sentence.

Unfortunately, the only thing Rick Perry seems to be well trained in is taking a great debut and frittering it away into a race with Jon Huntsman for 1%.


13 posted on 10/13/2011 4:05:52 PM PDT by perfect_rovian_storm (Perry's idea of border control: Use both hands to welcome the illegals right in)
[ Post Reply | Private Reply | To 4 | View Replies]

To: Eva

Exactly right. I have issues with 9-9-9 myself. I still like Cain though.


14 posted on 10/13/2011 4:07:06 PM PDT by perfect_rovian_storm (Perry's idea of border control: Use both hands to welcome the illegals right in)
[ Post Reply | Private Reply | To 10 | View Replies]

To: TLittlefella

I like Cain. But is his 9% sales tax on top of my 7% local sales tax? That’s 17% on everything I purchase...


15 posted on 10/13/2011 4:07:37 PM PDT by goseminoles
[ Post Reply | Private Reply | To 1 | View Replies]

To: TLittlefella
With the scant details provided by Cain’s 999 there is little difference between those damn fools and those of us touting the mysterious 999 plan.

BS !

Cain's proposal is at least a serious attempt to do away with the abomination which is our Federal Tax Code. I think I, nearing retirement, would come out behind. If that's the case, so be it. The country, going forward, would be better off. If we all stick to a "What's in it for me" attitude, we'll never escape the Welfare State the establishment has foisted upon us.

ML/NJ

16 posted on 10/13/2011 4:08:03 PM PDT by ml/nj
[ Post Reply | Private Reply | To 1 | View Replies]

To: DesertSapper

Don’t tell me. Tell TLittlefella.


17 posted on 10/13/2011 4:09:08 PM PDT by Grizzled Bear (No More RINOs!!!)
[ Post Reply | Private Reply | To 12 | View Replies]

To: TLittlefella

The “9-9-9” plan is a proposal, not a full-scale legislative bill ready for submission to the US Congress.

It would take years, and a considerable change in attitudes, before this or any similar plan may be accepted by the legislative branch. So far, we have “think tank” appraisal of the merits and flaws of this proposal, and nothing is set in stone.

Before ANY taxation scheme is ever agreed to, a Balanced Budget Act resulting in an amendment to the US Constitution has to be in place. As of now, there is nothing that prevents Congress from making an end run around this or any other tax proposal, and raising or modifying it on a simple majority vote. Requiring a two-thirds concurrence of BOTH Houses of Congress, and Presidential approval, tends to make any changes to the level of spending or assessment of new taxes compliant to a much higher threshhold.

Time we were talking about spreading the burden of supporting the government widely enough so EVERYBODY has “skin in the game”. Paying for government is not only the province of the wealthy, you know, because there is no reliable way of taxing wealth. With the right incentives, great wealth may be harnessed for the benefit of all.

But the “all” have to provide their capability to carry the load too. And a consumption tax falls on the wealthy and less wealthy alike.


18 posted on 10/13/2011 4:13:03 PM PDT by alloysteel (Are Democrats truly "better angels"? They are lousy stewards for America.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: TLittlefella
"Cain - a great man with a terrible plan "


My feelings exactly.

19 posted on 10/13/2011 4:15:04 PM PDT by Infralutheran
[ Post Reply | Private Reply | To 1 | View Replies]

To: TLittlefella

999, in the real world, translates to:

1) Pass the national sales tax, while keeping the income tax too.

2) Trust Congress not to raise tax rates anymore.

Hey, what could go wrong?


20 posted on 10/13/2011 4:16:31 PM PDT by Talisker (History will show the Illuminati won the ultimate Darwin Award.)
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-4041-6061-75 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
GOP Club
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson