Herman Cain's 9-9-9 plan sounds good; but will it work?

Washington Examiner ^ | 09/30/2011 | Byron York

[SeekAndFind]

YOUR COMMENTS AND CONCERNS AND CRITIQUES OF THE 9-9-9 PLAN ARE MOST WELCOME HERE.

Please leave the wisecracks to other threads :)

[RockinRight]

I like it in concept, but would need to see some safeguards against the 9/9/9 becoming 23/12/43 or something.

[Little Ray]

Don’t see anybody else offering a plan. Mostly they just point out (correctly) how bad Obama is.

Personally, I’d rather go “all the way” to the Fair Tax, though.

[NavyCanDo]

Reagan showed us how “a rising tide raises all boats”. This is Cain’s version of that.
I don’t know all the details yet, and if this will mean I will be paying a little more or a little less – but what I can say for sure, those not paying income tax today (and I don’t mean the rich) will finally have to pay their fair share. And that is a good thing.

[CPT Clay]

Like the economists said in the article, I also have a problem with layering a vat or national sails tax on top of the existing income and business taxes. You know darn good and well that the politicians will just raise taxes from their.

I support scrapping all income, business, capital gains taxes along with that all sacred deductions for everything including the home mortgage interest deduction and etc, etc.

Replace with a Fair Consumption Tax.

[Retired Greyhound]

999 is a gateway to the Fair Tax.

[CPT Clay]

their=there

[rokkitapps]

seeing as Cain is a mathematician, he probably ran the figures.. and if it doesn’t bring in enough money, then raise it a bit (ug).. anyway, I like the idea. I think the people who get gubmint checks should pay a bit when they are buying their plasma tvs and playstations.

I don’t really buy much other than food or clothes, so I like the idea of paying less income tax. Most big things I buy are used...

[aimhigh]

a 9 percent business tax, and a 9 percent national sales tax.

A business tax is just a hidden sales tax. In other words, there would be a 9% personal tax and an 18% sales tax. If it were locked in the constitution with no other deductions, then it's probably better than what we have now.

[abigailsmybaby]

"So one of the general things you don't want to do, if you're concerned about limiting the size of government, is to introduce a whole new type of tax on top of the current structure."

I thought Cain said in the last debate that what we have now would be thrown out the window and 9-9-9 would replace it.

[KansasGirl]

[they’re also flummoxed by Cain’s inclusion of “empowerment zones” for inner cities ]

Anyone have the details on this?

[KansasGirl]

[they’re also flummoxed by Cain’s inclusion of “empowerment zones” for inner cities ]

Anyone have the details on this?

[MNJohnnie]

Mr York, what is to stop Congress from raising Income tax rates right now 20-30-50%? The same critic you make of 9-9-9 applies even MORE so to the current tax system.

The SAME political pressure Congress from raising the Income tax right now applies even much more so to 9-9-9

Right now it is east to demagogue tax hikes as "making the rich pay their fair share". That become impossible with 9-9-9 since EVERYONE know ANY tax hike will mean THEY pay more.

[yoe]

Herman Cain is the only one one the 'stage' who has laid out a plan that anyone could understand. Why take this thread and try to pull his '9' plan apart now? Herman Cain is a problem solver and innovator - see anyone else filling those shoes? The only other adult standing is Newt 'the brilliant' but he is far from stable....make a good VP...the rest are politicians, not bad, but politicians. Cain's common sense and no bull approach is appealing. What did Obama bring to the table other than a Brooks Brother suit, baritone voice and lofty 'parables' along with absolutely no experience in anything except community organizing, a Communist tool.

[MNJohnnie]

Those who say VAT are lying to you. 9-9-9 has NO VAT tax. 9-9-9 taxes at the final point of sale, VAT taxes tax at every level of production.

Those "Economists" who talk about VAT in relation to 9-9-9 are knowingly lying to you

[MNJohnnie]

What is to stop Congress from raising Income tax rates right now 20-30-50%? The standared being applied to Cain's 9-9-9 applies even MORE so to the current tax system.

The SAME political pressure Congress from raising the Income tax right now applies even much more so to 9-9-9

Right now it is easy to demagogue tax hikes as "making the rich pay their fair share". That become impossible with 9-9-9 since EVERYONE know ANY tax hike will mean THEY pay more.

[yoe]

Herman Cain is the only one one the 'stage' who has laid out a plan that anyone could understand. Why take this thread and try to pull his '9' plan apart now? Herman Cain is a problem solver and innovator - see anyone else filling those shoes? The only other adult standing is Newt 'the brilliant' but he is far from stable....make a good VP...the rest are politicians, not bad, but politicians. Cain's common sense and no bull approach is appealing. What did Obama bring to the table other than a Brooks Brother suit, baritone voice and lofty 'parables' along with absolutely no experience in anything except community organizing, a Communist tool.

[Tolerance Sucks Rocks]

As long as they eliminate all those deductions, loopholes, exemptions and credits, including the popular mortgage interest deduction, the 9 percent personal and business taxes are fine with me.

I also don’t personally have a problem with the 9 percent sales tax. However, if it’s a stepping stone to the FairTax, it might, like the FairTax itself, be imposed on all goods and services. I’m not sure how much people would like paying a 9 percent tax to their lawn people, roofers, plumbers, etc. Also, when combined with state and local sales taxes, the 9 percent levy might cause some economic activity to go underground.

[Beagle8U]

” but what I can say for sure, those not paying income tax today (and I don’t mean the rich) will finally have to pay their fair share. And that is a good thing.”

I guess you missed the “empowerment” zones for inner-cities?

That translates to no taxes on the plantation voters.

[netmilsmom]

>>Those who say VAT are lying to you. 9-9-9 has NO VAT tax. 9-9-9 taxes at the final point of sale, VAT taxes tax at every level of production. <<

Right now it doesn’t.
It opens a new door of tax for the dems to exploit.

That being said, because all of this needs to be discussed, HC has been my pick all along.