Skip to comments.Ric Santorum Swipes Herman Cainís 9-9-9 Plan, Offers 0-0-0 instead (WATCH VIDEO CLIP)
Posted on 10/08/2011 5:48:00 PM PDT by SeekAndFind
Forget Herman Cains 9-9-9 plan. Rival GOP presidential candidate Rick Santorum said on Friday that solving the countrys economic woes is all about 0-0-0.
At a gathering of social conservatives in Washington, Santorum took a swipe at fellow Republican contender Cains 9-9-9 economic plan, saying I have a better plan.
The former Pennsylvania senators solution is to have zero income tax on manufacturing companies, zero taxes on repatriated corporate profits that are invested in manufacturing equipment and zero Obama-era regulations.
One of the great problems in our economy, if you look at it is the middle of America has started to disappear the middle income of America, Santorum said. Why? Because the manufacturing jobs in America have disappeared.
Santorum said his 0-0-0 plan would reignite Americas economy by stimulating growth in the manufacturing sector. Cains 9-9-9 plan would amount to a complete overhaul of the tax code by instituting a 9 percent flat personal income tax, a 9 percent sales tax and a 9 percent corporate income tax.
When it came to national security, Santorum threw an apparent elbow at another GOP candidate, Texas Gov. Rick Perry, who gave a rambling answer when he was asked at a recent debate how he would respond to a 3 a.m. national emergency call.
When that phone call comes at 3 in the morning, ladies and gentlemen, I will be up and waiting for the call because I will know what is going on in the world around us and they wont have to get me out of bed, Santorum said.
(Excerpt) Read more at abcnews.go.com ...
So what about income taxes on the average guy?
santorum should have kept his u.s. senate seat if he wanted to be counted seriously.
Did you hear that Obama is going to turn Herman Cain’s 9-9-9 Plan upside down? Obama’s calling it the “6-6-6” Plan.
Obama is probably more comfortable with that number!
This is good. I am very interested in Cain and if I had to vote today, I would vote for him. But having people question his ideas and such is good. He needs to be challenged. We need to see him challenged before the general election.
RE: There is only one candidate who is advocating the abolition of the IRS and elimination of the income tax (that I am aware of).
NAMES, WE WANT NAMES.
I think he means RuPaul.
That’s a pretty accurate description of him. Even though he absolutely destroyed Bob Casey in a debate on Meet the Press, he still fell in the polls because he come across so smarmy.
Rick who? I’m sorry, I thought it may have been a statement by someone with a grain of relevance.
I like that Cain is committed to radical tax reform, but I hope he is not married to the 9-9-9 plan. There are better options, in my opinion, that do not require as much government intrusion for enforcement.
Paul promises the world knowing full well that he’ll never be in a position to deliver anyway.
Actually I like the fact that Bachmann isn’t committing to massive tax cuts, instead focusing on spending cuts first. She does hint at some big spending cuts with things like working to do away with the department of education.
Between Cain, Santorum, and Bachmann we could get some serious work done on the taxation and spending front.
Isn’t that what the Tue. debate by Bloomberg will be about?
maybe that’s why every time I see him on a debate I keep thinking a couple of the other guys are going to give him a wedgie during a commercial break ;-)
Fair tax is the second phase of Cain’s plan.
I think I've got the ultimate 9-9-9 inversion: say it in German ("nein!-nein!-nein")!
lol, nice pic
Yes, this is some of what I was referring to:
He’s been advocating for ending the IRS for years. Would certainly stimulate the economy, all that extra dough in ones pocket. Plus the time/labor cost/paper work cost of accountants... especially small business owners
That is music to my ears. Thanks!
Like I said, he can promise the world knowing that there’s absolutely no chance he’ll ever be in a position to keep his promise.
Besides he seems to be siding with the fascist mob these days and needs to do the right thing and leave the party that doesn’t want him.
Cain started a healty discussion by making a concrete proposal.
“I think he means RuPaul.”
Ron Paul’s idea of radical tax reform is the elimination of taxes on tip wages. Because we all know that waiters are the future.
“Did you hear that Obama is going to turn Herman Cains 9-9-9 Plan upside down? Obamas calling it the 6-6-6 Plan.”
Haa haa, good one! This brings Jimi Hendrix to mind, “What if a six turned out to be nine?”
I don’t get it. No matter what the tax, Congress never stops spending. Balancing the budget would require a 100% tax and Congress would still go out and spend more besides the future debt coming due in the form of interest and principle payments that will go overseas and not back in to the US economy.
999 is absurd. First, you get taxed making money then you get taxed spending money beside being put on unequal footing with businesses. We already have it that way for ones who pay taxes now.
If half the population doesn’t pay any taxes now to begin with and 999 is suppose to equal the current revenues from IRS collections then only about half of each 9% tax would collect as much taxpayers send in now since everyone would be involved now including corporations.
If you are going eliminate the IRS tax code first, then make a 10% maximum or less flat tax on consumption and make Congress live within their means instead of pie in sky, grant all wishes, control the universe with their laws, attitudes...of course a new banking system has to be put in place to deal with the current debt before any new tax plan would work.
I suggest you read this link for more details of the 9-9-9 plan including answers to often asked questions plus a CALCULATOR for your taxes is on that site.
Looks like the barrels are pointed at ole’ Herm now.
I like Santorum’s plan better maybe for no better reason than I think a VAT tax is a horrible idea.
These grand design things like Obamacare or the Ryan Plan or 9-9-9 are all recipes for poltical disaster at the end of the day. It doesn’t matter whether they are good or bad on paper, they usually don’t happen and are eventually like slow moving barges in the middle of a high-tech naval battle. So easy to ka-boom!
As for 9-9-9 specifically, it proposes to tear up the 70,000 page tax code that has 500 different interests ready to defend every sentence of it. It’s HOW all the sentences got in there in the first place—political payoffs. Does anyone really imagine a Congress will convene that will countermand the biggest sources of their own campaign dollars—??
I’d say this to any candidate: propose practical tax cuts that you might get passed. Skip the waterfall plans. Once or twice a century one of these Big Ideas is implemented; and it’s usually a disaster.
We pay fo it all already anyhow. Corporations don’t pay taxes, their customers do as part of the final cost. I’m not saying Santorum’s plan is better or worse, but at least businesses will have less overhead and able to higher more people; oh yeah, and less overhead also = lower prices.
Cain could have won his U.S. Senate primary campaign, instead of getting completely massacred by Johnny Isakson, if wanted to be taken seriously.
RE: I like Santorums plan better maybe for no better reason than I think a VAT tax is a horrible idea.
I hope you understand that Herman Cain’s National Sales tax is NOT a VAT tax.
I love it. Now combine that with Cain's overhaul of the tax code and I think we're on to something.
Its not either-or. We can and should do both.
Not bad. I’ll have to look into this.
RE: Both links do not address the debt issue.
Herman Cain’s Tax code as I see it, is designed to either be REVENUE NEUTRAL ( meaning government revenue will be the same as today ) or a REVENUE ENHANCER, because it will BOOST the economy and increase the tax base due to its simplified and competitive tax structure ( his blurb, not mine <— there will be skeptics ).
Having said that, the debt issue is a totally different thing. IT HAS TO DO WITH RUNAWAY SPENDING.
Our spending is 50% higher than revenue ( revenue of $2.2 Trillion vs budget of $3.5 trillion ).
I believe that Herman Cain supports slowly decreasing spending till the budget is balanced ( he was on record, I believe for supporting Connie Mack’s Penny Plan ).
If he does support this ( and I believe he does ), then that’s one additional feather in his cap.
You do realize that if you are working you are paying 15% of your salary to FICA? They disguise that fact by pretending that the employer pays half of it, but it is real all you.
At 9% you would actually get a 6% cut, even if you already paid no income tax at your salary level. What hasn’t been discussed, to my knowledge, is retirement income.
You are asking Congress to police themselves and act rationally. Congress spends more time working around issues by compromising and delaying what needs to be done, that people are beginning to protest.
People need to continue to protest, constantly.
Government has succeeded in setting up class warfare between the have and have-nots with the ‘haves’ being anyone that has a job.
Fundamentally, the basic principle of applying the rule of law would be a good start. Enforce the rules and laws on the books and prosecute from the top down, not from the bottom up.
Without the threat of jail time for wrong doing, Congress will do as they please and so will government employees.