Posted on 11/11/2011 6:26:20 PM PST by goldstategop
Cain also annouced a 909 plan...you have heard about it
I like the 9-9-9 plan. It’s actually an 8.75-8.75-8.75 plan but that doesn’t sound as catchy.
presidential candidate Herman Cain clarified his much talked-about “9-9-9” tax plan Friday, saying those who fall at or beneath the poverty level would have a different plan: “9-0-9.”
Cain took heat over his proposal, which replaces the current tax code with a 9% corporate tax, a 9% income tax and a new 9% national sales tax. Opponents have argued the middle part of the plan would increase taxes on the poor, who currently pay little to no taxes.
But Cain fired back Friday, saying in a Detroit speech that those paying no taxes now would continue to pay zero taxes under his plan.
“If you are at or below the poverty level, your plan isn’t 9-9-9 it is 9-0-9,” Cain said. “Say amen y’all. 9-0-9.”
TAX TEA NOW! The Tea Party candidate wants to tax tea—and everything else! And the Tea Party is buying it! It’s hilarious!
I can’t figure out for the life of me why people wouldn’t want to pay an 18% tax. Today the government confiscates 50% of people’s income at the top rate. People should pay LESS in taxes not more.
The opponents of this plan want to keep the high tax status quo. Our corrupt establishment thinks our taxes are too low!
That’s exactly what’s wrong with the thinking in Washington these days.
I prefer Newt’s plan..create jobs. The plan includes:
1.Stop the 2013 tax increases to promote stability in the economy. Job creation improved after Congress extended tax relief for two years in December. We should make the rates permanent.
2.Make the United States the most desirable location for new business investment through a bold series of tax cuts, including: Eliminating the capital gains tax to make American entrepreneurs more competitive against those in other countries; Dramatically reducing the corporate income tax (among highest in the world) to 12.5%; Allowing for 100% expensing of new equipment to spur innovation and American manufacturing; Ending the death tax permanently.
3.Move toward an optional flat tax of 15% that would allow Americans the freedom to choose to file their taxes on a postcard, saving hundreds of billions in unnecessary costs each year. This optional flat tax system will preserve deductions on charitable giving and home ownership, and create a new personal deduction of $12,000 for every American. This deduction is well above the current poverty level, ensuring that this new system does not unfairly target the poor.
4.Strengthen the dollar by returning to the Reagan-era monetary policies that stopped runaway inflation and reforming the Federal Reserve to promote transparency.
5.Remove obstacles to job creation imposed by destructive and ineffective regulations, programs and bureaucracies. Steps include: Repealing the Sarbanes-Oxley Act, which did nothing to prevent the financial crisis and is holding companies back from making new investments in the U.S; Repealing the Community Reinvestment Act, the abuse of which helped cause the financial crisis; Repealing the Dodd-Frank Law which is killing small independent banks, crippling loans to small businesses and crippling home sales; Breaking up Fannie Mae and Freddie Mac, moving their smaller successors off government guarantees and into the free market; Replacing the Environmental Protection Agency with an Environmental Solutions Agency that works collaboratively with local government and industry to achieve better results; and Modernizing the Food and Drug Administration to get lifesaving medicines and technologies to patients faster.
6.Implement an American energy policy that removes obstacles to responsible energy development and creates jobs in the United States.
7.Balance the budget by growing the economy, controlling spending, implementing money saving reforms, and replacing destructive policies and regulatory agencies with new approaches.
8.Repeal and replace Obamacare with a pro-jobs, pro-responsibility health plan that puts doctors and patients in charge of health decisions instead of bureaucrats.
9.Fundamental reform of entitlement programs with the advice and help of the American people.
We need pro-growth policies. I’m one of those conservatives who loathes austerity policies. I don’t think they’re politically viable - people can only tolerate being put on a diet for so long. Its human nature and honey is more palatable than bitter vinegar. There is nothing with America we can’t fix as long as we have the right policies.
If you have quoted Newt’s plan accurately which I believe you have, I have the following comments:
1. The IRS is still the IRS we know and “love” today
2. The IRS is still the IRS we know and “love” today
3. The IRS is still the IRS we know and “love” today
4. The IRS is still the IRS we know and “love” today
5. The IRS is still the IRS we know and “love” today
6. The IRS is still the IRS we know and “love” today
7. The IRS is still the IRS we know and “love” today
8. The IRS is still the IRS we know and “love” today
9. The IRS is still the IRS we know and “love” today
This country will never be great again until we have replaced the IRS with something less intrusive and oppressive. Just changing the tax rates isn’t going to cut it.
Secret knowledge to the math challenged... (Shuuush)..
9/9/9 is 27%.... true its a little less than whats paid now..
Most americans have no idea of what they actually pay in taxes..
That is.... the ones that pay taxes..
Course everybody pays taxes... business pay zero taxes..
It is passed on as the cost of doing business.. in “the price”..
TAXES are a major part of the price of ANYTHING you buy..
Federal, State and local taxes.. fees, penaltys, licenses, permits, citations, and other GRAFT..
People forget what Fascism “IS”...
hosepipe, I was doing the math on the 999 and do NOT like it at all. The national sales tax will vary depending on how much you shop, how far you commute (gas) and also have an impact on those living in countys or cities that have high sales taxes already
Yeah that is terrible. A 9-0-9 plan if you make less then $15,000. Rather then the 35-0-0 plan they pay now
Except you “do the math” by ignoring all the current taxes you will not pay under 9-9-9.
Cain is the only one who understands the real problem. How do you change a system that appaeras to divides the nation into 47% takers and 53% payers. You got to get everyone to realize they have skin in the game. That government does not “give them” anything. It merely takes from them indirectly to give them the illusion they are getting stuff.
Cain’s plan is the only one who makes the hidden taxes transparent.
“If you don’t want the rates raised, don’t elect politicians who will raise them.”
Oh, okay; problem solved! We'll just make sure the nation never elects anyone who would raise taxes again. Why didn't anyone else ever come up with that idea? Genius! Now we don't ever have to worry that the National Sales Tax will ever become repressive!
That is SERIOUSLY listed as the “solution” to Conservative concerns about giving the Liberal a brand new National Sales Tax. He's not joking.
Good argument by Mr. Cain.
I don’t think empowerment zones or 9-0-9 are good ideas,they are steps towards the complexity and favoritism we have now.
No, he cannot. Did not work for Reagan, will not work for Newt.
As long as you maintain a tax code where some pay and many take, you will not change the fundamental political dynamic. Our system encourages Government spending because the tax code hides the cost of that spending in the illusion that someone else pays for it.
Newt plan does not ever reconize the problem. The problem is he system itself is broken. We don't need to fix the system, we need to reboot it.
People have to stop electing politicians who promise them “free” this and “free” that. No such thing. We all pay for it even when we don’t see it.
Sorry real Conservatives would rather see serious tax reform then blindly cling to the current corrupt failed system based on nothing but blindly ignorant hysteric fear
909 sucks! Do not like his plan and will continue to support Newt.
9/9/9 is a ruse a shell game for the rubes..
It would turn into a VAT quickly..
It might take some time for it become 33/33/33, maybe not!!!..
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