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Did I Catch a Niner in There? [Paul Ryan “loves” Cain Plan, Reaganomics Arthur Laffer: "Wonderful"]
MyFox Houston ^ | Friday, 14 Oct 2011 | Staff

Posted on 10/14/2011 11:55:32 AM PDT by fight_truth_decay

“I think Nine-Nine-Nine is a wonderful plan. I think a lot of the candidates have very good plans for tax reform, but I love the Nine-Nine-Nine Plan. I think it's a great first step.”

-- Economist Arthur Laffer, top tax adviser to President Ronald Reagan, on “ Special Report" with Bret Baier.”

Arthur Laffer, one of the high priests of Reaganomics, who told Bret Baier Herman Cain’s Nine-Nine-Nine Plan is “wonderful.” House GOP Budget Boss Paul Ryan told the Daily Caller he “loves” Cain’s plan.

In Republican circles those are two very big boosters, especially for a guy who is said by critics to lack the intellectual heft to be president. Laffer and Ryan both have their own ideas about taxes, but agree Cain’s proposal for replacing the current federal tax structure with a 9 percent tax on corporate profits, a 9 percent national sales tax and a flat 9 percent income tax would be a big improvement over the current convoluted system.

One of the biggest knocks on Cain has been his instance on not identifying his economic advisers other then Rich Lowrie, a Cleveland-based investment adviser. The revelation that Cain consulted with Laffer on the plan and the praise from Ryan, the heartthrob of fiscal nerds everywhere, will go a long way in adding some credibility.

What Laffer and Ryan really like about the idea is it simplifies and broadens the U.S. tax structure. Most on the right prefer the idea of a flat tax – just one or two low rates and no deductions – and have reservations about the idea of a national sales tax, but Cain’s hybrid plan is winning admirers. They like the idea it starts from scratch, rather than the tinkering offered by other candidates.

(Excerpt) Read more at ...

TOPICS: Business/Economy; Extended News; Government; News/Current Events
KEYWORDS: 999; arthurlaffer; hermancain; laffercurve; nationalbooktour; paulryan; reaganomics
The Laffer Curve: Past, Present, and Future
By Arthur Laffer
June 1, 2004

Over the past 100 years, 3 major periods of tax-rate cuts in the U.S.: the Harding-Coolidge cuts of the mid-1920s; the Kennedy cuts of the mid-1960s; and the Reagan cuts of the early 1980s. Each of these periods of tax cuts was remarkably successful as measured by virtually any public policy metric.


1 posted on 10/14/2011 11:55:40 AM PDT by fight_truth_decay
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To: fight_truth_decay

The biggest concern I have with 999 is the people in opposition to Mr Cain ( and conservatism in general)will try to intentionally, and repeatedly, complicate it or flat out lie about it.
They will come up with untruthful derogitory phrases and keep repeating them. I imagine how it is unfair to “the poor” or the elderly.
Its going to take a lot of people to combat the neck deep bs that will get shouvelled at it.

2 posted on 10/14/2011 12:13:54 PM PDT by Leep
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To: fight_truth_decay

“...a guy who is said by critics to lack the intellectual heft to be president...”

Uh... THAT guy would be “O”

3 posted on 10/14/2011 12:14:12 PM PDT by SMARTY ("Socialism means slavery." Lord Acton)
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To: fight_truth_decay
So it was Laffer on that Beatles White Album?

"...Number nine, number nine, number nine..."

4 posted on 10/14/2011 12:20:34 PM PDT by Yo-Yo (Is the /sarc tag really necessary?)
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Sure, lots of dummies have BA's in Mathematics and a Masters degree in Computer Science. And the Defense Department always recruits the low end of the scale for their missile development programs. And CEO's of large corporations? Morons.

Uh huh. But a Community Organizer? My God! Genius!

5 posted on 10/14/2011 12:30:38 PM PDT by katana (Just my opinions)
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To: katana

“O” it seems, can’t even make a gramatically correctly sentence.

He speaks like a person who can barely read (who HAS barely read) anything.

“O” couldn’t find his own a%$ with his own two hands with the lights on!

6 posted on 10/14/2011 12:41:26 PM PDT by SMARTY ("Socialism means slavery." Lord Acton)
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To: Leep

Generally those who speak for the poor aren’t poor themselves. Draw your own conclusions.

7 posted on 10/14/2011 12:51:30 PM PDT by BenKenobi (Honkeys for Herman! 10 percent is enough for God; 9 percent is enough for government)
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To: Leep

Whether it is on 999 or what, they will attack him with a vengeance. Herman Cain is the Establishment’s worst nightmare. He wasn’t born yesterday so I thihk he knew what he knew what he was getting in to. So just relax and send your most generous check to:

Herman Cain, InC.
P.O. BOX 2158
Stockbridge, Georgia 30281

And please urge others to do the same. Thank you. :o)

8 posted on 10/14/2011 2:29:18 PM PDT by Paperdoll (I like Herman Cain!)
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