Posted on 10/11/2011 8:18:29 PM PDT by Fred
There was one clear winner from Tuesday's Republican presidential debate, based on the simple metrics of name recognition: businessman Herman Cain's "9-9-9 Plan."
Virtually all the candidates at the debate table had something to say about Cain's plan to replace the tax code with three, flat nine-percent federal taxes on consumption, business and income. Cain, once delegated to the remote wings of the debate stage, has enjoyed a surge in the polls ever since he won the straw poll in Orlando, Fla., last month, and at the first debate since he joined former Massachusetts Gov. Mitt Romney and Texas Gov. Rick Perry in the top tier, Cain and his policy proposals took up more of the debate's time than the ideas floated by any other candidate.
Of course, this isn't to say that any of them praised Cain's idea. Far from it. In fact, everyone who had an opportunity took shots at the plan.
(Excerpt) Read more at news.yahoo.com ...
We are destroying an economy that was once the marvel of the world by excessive debt financing the consumption of imported goods and energy and an abysmal savings rate.
Cain’s plan is the only one on the table to dramatically change the incentives in a fundamental way to return to domestic production of goods and increased savings.
The biggest obstacle with that is raising taxes on 100% of the consumers may get tough. His plan pits consumers against Washington.
The “American people” would vote today to elect idiotic Congressmen that will eventually raise Herman Cain’s national sales tax rate. And Herman Cain would be just happy as a pig in crap about that.
These are the same “American people” who elected those that passed Obamacare.
I think will see him pitching pizza's on a commercial for $9 eventually.
sadly, I was left thinking... we're so screwed. After watching the debate.
Seriously, none of them could fix this mess, well... maybe Gingrich could but he has no chance, but the rest of them don't have what it's going to take to turn this mess around. I think under normal circumstances most of them would do a decent job, but these are the times that try mens souls, and what we are being offered (at least what I have seen of them so far) is not up to the task.
I'm depressed.
In 1964 the top tax rate was 91%. That was under the current tax system. What's to stop congress from raising it to 91% again?
No matter what system we have, congress can raise the tax rates.
Cain’s 999 plan will resonate with many Americans who trust him to make it happen as he says it will.
If you don’t have “a plan”, you’re damned. If you do have a plan, like Herman Cain does, you set the agenda and guess what everyone is going to be talking about?
Mr. Cain is demonstrating the kind of brilliance that is seldom seen in politics, and we’re lucky he’s in the race.
I heard arguments in the past about a Conservative candidates economic plans being “Voodoo Economics” too. That plan ended up working out alright.
Whatever its beauties or faults, it’ll never get enacted. Because this entire political system has been thoroughly corrupted by the tax code and the incentives it creates for favours and payments for such in the form of bribes which we euphemistically like to call “campaign contributions” (after all we’re not a banana republic.) This was pointed out to me thirty years ago by some commentator in the WSJ, Forbes or somewhere, who thought that the U.S. tax code, which many then and since then criticized and demanded that it be reformed, would be impossible to reform. Was he wrong 30 years ago?
we will all be paying 20-20-20 before it is done.
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PULLLLEEEEEEZZZZZZZEEEE!!!
The tax code is the problem. It needs to be replaced with either a flat tax or retain sales tax (fair tax). If we can get people seriously talking about it, we might get something done.
Math can be fun, to convert a fraction to percent simply divide the top number by the bottom number and then multiply the result by 100. Feel free to use a calculator if needed.
A correct answer for 2/3 would be 66.6% or rounded up to 67%. Therefore in the US Senate a tax increase would require 67 votes and in the House of Representatives it would require 291 votes.
Aint Math FUN!
Give us your opinion of Romney’s and Perry’s Economic Plan?
Huh? Huh? We’re waiting........
You’ve obviously never lived in Maryland. The idiotic people of the Maryland always vote for those who raise their taxes. I promise you that’s what Herman Cain is counting on happening all over America. And he’s right about it. Wealth redistribution is where you are going with Herman Cain.
I understand your concerns since I'm scraping by just like most people. Let me see if I can explain it a different way.
If corporate taxes are lowered from 35% and all the loopholes that create unfair competition were gone the free market would force prices down drastically. Would you be willing to pay a 9% sales tax if it came with a 25% decrease in prices?
Tax deductions are the tools our government uses to control our behavior. If everyone pays the same tax rate regardless of whether we buy a house or rent, have a stay at home parent or pay for child care, buy your own health insurance or get it through work then we are more free. Deductions are one of the greatest baits that have been used for decades to lead us into the trap we are in now.
I can’t believe another rino will be our nominee. I hope Cain wins. Perry isn’t conservative enough and doesn’t have a big personality. Bachmann is too low in the polls.
A national sales tax is not “voodoo economics”. It’s a NATIONAL SALES TAX.
Oh Hell......... I'll say it 1st...
6-6-6 sounds like a good compromise..(Watch the News!..GDT’ed!
At least he has a plan. Not the useless focus group tested platitudes that the other candidates give. Even if you don’t like his 9-9-9 plan, there is nobody alive that really thinks it will get passed without some changes to satisfy both parties. Its such a drastic change from the “norm” that every word in the plan will be reviewed.
You can put a provision in the Bill requiring a 2/3 vote. Once it is passed by both houses and signed by the President, it becomes law. The only way to change it would be to repeal the law which would require both houses and a Presidential signature. Short of that, they would have to follow the 2/3 vote requirement as it would be the LAW.
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