It’s a good interview. Art emphasized that this 9-9-9 tax structure lowers rates, broadens the tax base (more poeple pay taxes) and eliminates the loopholes (where some pay no taxes but should!).
He also said there is no way to prevent future politicians from raising taxes. That, in my opinion, is where the voters have the responsibility to ascertain that NO big spenders are sent to Congress.
Which is why before anything like Cain’s 9-9-9 plan is enacted there are caps on spending AND future (if any) increases.
So, how many people are going to vote to raise their taxes? And given how the dems and the media already have the whole "rich get off easy" meme, and polls show that americans DO like the idea of rich people paying MORE in taxes, how are we going to elect a guy who wants to cut taxes on the rich and RAISE them on the poor?
Exactly. By making paying taxes everyone's responsibility instead of making a few pay everyone's taxes, we all will pay more attention to not only how much we pay, but how the money is spent!
With Cain's plan, we're all treated like and act like adults instead of acting like college students expecting the parents to pay our bills.
Hate to say it, but it's time to grow up America.
Pay your share, instead of taking what you can get.
(JFK said it better.)
I’m not endorsing a national sales tax but I got an open mind about Cain’s plan, want to hear him out and further, admire that at least he’s got a plan, more than just political platitudes filled with empty air.
Playing Devil’s Advocate, I remind that SALES taxes get money from a lot of income that isn’t taxed as part of the federal income tax collection process.
Most important, DRUG MONEY! Also, prostitution, illegal gambling, money earned under the table.
For there might not be an employer there to catch your taxes before you take them home and spend them, there is a retailer who will charge you tax for stuff you BUY, no matter where the money came from that you’re using to pay.
It’s no trivial amount.
It’s a good interview. Art emphasized that this 9-9-9 tax structure lowers rates, broadens the tax base (more poeple pay taxes)The tax base is not about who or how many pay. The tax base is WHAT is taxed. A broad tax base taxes more stuff so you can be fooled into thinking you pay less because the rate is low.
I didn't see any exemptions in his plan. You will pay sales tax on things you've never paid tax on before...Like rent, drugs, food, haircuts, auto repair, plumber, lawn care...NOTHING is exempt.
Raising the tax from 9% to a mere 9.9% ("it's for the children") is a 10% tax increase.
Retirees living on fixed income will be hit with a NEW 9% tax on all their purchases, including medicine, utilities, food, clothing etc.
If you like that, so be it.