Skip to comments.Herman Cain says poor won’t pay ’9-9-9 income tax
Posted on 10/21/2011 12:29:30 PM PDT by Evil Slayer
Republican presidential candidate Herman Cain said on Friday that poor Americans will not have to pay the 9 percent flat income tax under his now-famous 9-9-9 tax reform plan.
During a speech in front of a vacant train depot in Detroit, the former Godfathers Pizza CEO staunchly defended his signature tax proposal from critics who say it will raise taxes for lower-income Americans.
Cains plan would throw out the current tax system in favor of a 9 percent corporate tax, a 9 percent income tax and a new 9 percent national sales tax.
He said Friday that poor people under his plan would be exempt from paying the income tax.
If youre at or below the poverty level, your plan isnt 9-9-9, Cain said. Its 9-0-9.
The former pizza executive also unveiled his proposal on Friday for opportunity zones to help renew distressed inner cities. His proposal includes offering tax exemptions to businesses that invest in these zones.
(Excerpt) Read more at dailycaller.com ...
Then what good is it?
So basically the ONE selling point this thing had is off the table. As I knew it would eventually be—I just didn’t think it would be immediate.
The primary benefit of the 9% sales tax is to put everyone into the game.
And those not paying income tax now and not paying income tax under 999, will be paying the new sales tax. So, i don’t see how this solves what Cain says it does.
So that basically negates the whole “skin in the game” talking point...
Slashing corporate tax isn’t a selling point?
Good time to open an automated liquor store in the inner city.
i thought that was going to drop from 15 % to 9
i don't care - i still like 9-9-9 more than any other plane
just for the PIWER (of the 85,000 page tax code) that it would take away from the government
I thought that was going to drop from 15 % to 9
I don't care - I still like 9-9-9 more than any other plane
just for the POWER (of the 85,000 page tax code) that it would take away from the government
I thought it brought in the 47% who didn’t pay taxes now? 999 is a mess.
So this plan STINKS ON ICE, as I have been saying since it came out.
If he keeps watering it down, it’s gonna be back to what it is now.
“So this plan STINKS ON ICE, as I have been saying since it came out.”
There needs to be a Goodfellas flat tax that everybody pays so everybody has an interest in keeping it down; “F*** you, pay me.”
Bummer. I’m all for a regressive tax. At least some folks start paying, thus taking the temptation to have productive folks to “pay their fair share” off the table.
This plan is falling apart so fast I can’t keep track.
First it was 999, then it some opportunity zones it would be more like 333, now we find out for anyone below the poverty line it will be 909 (and presumably in opportunity zones it will be 303). Before we are done all the good this plan was supposed to achieve will be wiped out.
So . . . if the poor are exempt, then maybe it is a new federal tax on the middle-class and it’s not so simple after all. Cain is losing it now, he’ll drop.
No president can wave a magic wand and change the tax code. A president can ask for tax code changes and sign legislation. All tax laws originate in the House of Representative Ways and Means committee. I believe that is in the constitution.
I thought that was going to drop from 15 % to 9
Cain ha sbeen saying the people won’t be paying the 15% payroll tax. Actually people pay 7.65% the employer pays the other 7.65%!
I agree, a flat tax IS the answer; however, first the states are going to have to vote to repeal the 16th amendment.
The 9% natl sales tax is the great equalizer.
I like the 9-9-9 plan.
I don’t know why he surrendered to the liberal media.
He should just exempt natural food(fruit, grains, beans, vegetables and meat) and housing and he would kill all the criticism about hurting the poor.
If Cain was really smart, he would replace the sales tax with a 9% tariff, and start taxing foreign capital instead of domestic consumption.
They are still paying the sales tax.
That is more than they pay now.
The simple flat tax is preferable to this bureaucratic monstrosity. Cain needs to say he would sign a flat tax if Congress passed it.
The “opportunity zones” are nonsense. “Spread YOUR jobs around” to places like Detroit. Nothing conservative about it, federal laws should apply to everyone and everywhere equally. having states beg annually some federal bureaucracy for a zone is asinine.
You are correct and this 9-9-9 plan, which now appears to have many different variants, is just a damned GIMMICK; a gimmick that far too many have fallen for!
Agreed. I don't know why our guys fold like a cheap suit whenever the drivebys say "Boo!". This business of half the country not paying any income tax must change or the counry's done.
He’s just making this crap up as he goes along. By the time the primaries roll around God knows what the 9-9-9 plan will look like.
Cain needs to support a flat tax.
It’s the spending, stupid! And out of control government! Concentrate on cutting the spending, eliminating unconstitutional government departments, agencies and programs, slash the bureaucratic red tape, set our people free to produce and let the free economy soar!! Taxes will come down and we can flatten the rates once we get the spending and the abusive socialist government under control and OFF OUR BACKS!!
They still have the sales tax.
Self-employed pay the whole payroll tax.
The employer doesn't PAY anything. That is a part of the employee's salary. Self employed folks pay the entire 15%.
Cain will cut spending.
HC: First, you do an across-the-board cut, if they have not done it already by the time I get to the White House. For example, you say that were going to cut the spending of every federal agency across the board. Then you do your vertical cuts. This is where I would sit with each of my cabinet secretaries, who will have to be approved by the Senate, and do a deep dive into every agency looking for whole programs to eliminate. Were not going to be able to cut federal spending seriously, and make a dent in the national debt, if we dont cut whole programs.
And I believe those programs are there. A guy we met in Iowa studied federal grants, and he says that coming out of Washingtons 1,000 federal grant programs, only 19 of them are block grants. Nineteen! Are you going to tell me we cant find some programs in there that ought to be terminated? I think we can, but the only way we get to that point is to do what we call vertical budget cutting.
It cant be that you let the permanent bureaucratic staff bring you all of these hurt old people and puppy dog programs and say we cant cut them, and then youve got all the other programs that should have been gone a long time ago, and they hide in the budgets. I did the same thing when I went to Godfathers. I did the same thing when I went to Burger King. Its called active budget-cutting, not just passive budget-cutting.
He has certainly bungled this 999 plan.
Yes, it appears so. Damn, I really wanted to hang my hat on him.
C'mon Herman, you can't keep changing the plan every few days. The Dems are going to make mincemeat out of you.
This plan ADDS A NEW FEDERAL TAX; not to mention get rid of all deductions such as charitable ones and mortgage interest.
It lowers the Fed bit on income tax ( for many ), lowers the cap gains tax ( which Cain has NO idea about anyway ), but since everyone will NOT have to pay the same, the plan is a fraud; a lie sold to the gullible .
This fool is making up stuff as he goes along. What a joke.
Doubt he ever thought he'd get this far. I bet Cain had just planned his candidacy to help push the party to the right and promote his book. Now that people are taking him seriously, he has to go back and rework stuff like 999 because it can't possibly stand up to scrutiny.
By the time he's done amending it, 999 will look nothing like the simplistic plan it was originally designed to be.
They would still have to pay the 9% sales tax, and several others who aren’t paying taxes for whatever reason (those above the poverty level) will have to pay now.
“They are still paying the sales tax.”
Not in his ghetto empowment zones. 999= total fail.
I’m not for or against 999 but Cain’s logic seems to get so convoluted when he attempts to answer critics. Not just on 999 but other issues such as abortion. Not ready for primetime?
Yes they are, it isn’t 0-0-0.
It is 9-0-9. 9% business, 0% income, 9% sales.
Your post = total fail.
And besides, I want a new leader of the free world and a moral leader, not an amateur tax accountant.
Just one more nail in the Cain Campaign Coffin.
Next thing you know, he’ll be calling more people than just Rick Perry “racist.”
Much spending needs to be cut. Federally funded, local regulatory (environmentalist), anti-family and other frivolous/counterproductive offices need to be closed. Useless/damaging federal funding to leftist locales is stopped at the federal level.
Exceptions and waivers make Cain’s 9-9-9 not much better than the existing monstrosity.
In a few years of accumulated waivers and exceptions, it will have thousands of pages, and require a bureaucracy to oversee.
Sort of like the progressives’ stuff — it looked good on paper, but then comes the unintended consequences.