VAT: The cowardly tax(April 2010 Cain opposed VAT and was for a National sales tax)

THE New Voice, Inc ^ | April 12, 2010 | Herman Cain

[sickoflibs]

Posting this Cain editorial ~ 18 months old to make clear that Cain was for the Fair (National Sales) Tax and against a VAT and he knows the difference between the two.

[MNJohnnie]

I see reading comprehension is NOT your strong suit.

Actually READ the article. 9-9-9 and VAT are totally different type of taxes. There is NO VAT in 9-9-9.

[sickoflibs]

I cant sell Cain’s plan FOR him but I can clear up this BS being spread around about him.

[dila813]

you know VAT isn’t anything like a Sales Tax, right?

VAT is paid through every level of the economy for ever value add to a process.

Sales Tax is only on its final consumption by the consumer.

[sickoflibs]

RE :"Actually READ the article. 9-9-9 and VAT are totally different type of taxes. There is NO VAT in 9-9-9."

That is the point of my re-posting this. He knew the sales tax was NOT a VAT even then and explains the difference.

I see you have brought over your same rosy personality to Cain.

[Royal Wulff]

The VAT angle comes up not because of Cain’s sales tax, but because his corporate tax is based on

“Gross income less all purchases from other U.S. located businesses, all capital investment, and net exports.”

That is, corporations cannot deduct the cost of labor when figuring their taxable income. It’s that aspect that makes Cain’s corporate tax like a VAT.

However, the analyses I’ve seen (including Bachmann’s disengenuous remarks last night), neglect to mention that the ~8% that corporations currently pay on labor through payroll taxes are eliminated in Cain’s proposal.

[Uri’el-2012]

Posting this Cain editorial ~ 18 months old to make clear that Cain was for the Fair (National Sales) Tax and against a VAT and he knows the difference between the two.

Thanks !

Seems like "box o' rocks" Bachmann
does not know the difference.

And Myth Romney does not know
the difference between an apple and an orange.

But he will sell you a lemon(RomneyCare).

[cuban leaf]

I think that is what sickoflibs is saying.

[sickoflibs]

RE :"you know VAT isn’t anything like a Sales Tax, right?"

See #5. What is the problem??

[MNJohnnie]

I see reading comprehension is NOT your strong suit

I see reading comprehension is not MY strong suit :-)

[sickoflibs]

Thanks for reading my comment #1.

I posted this to defend Cain against misinformation being spread against him and I get two complaints by Cain-bots who only read the title and not my comment #1 thinking I was being critical on the point.

Bachmann beat Cain and the others hands down on the 14th amendment question so go lightly on her.

[MNJohnnie]

Yep it was a very dishonest comment from a Tax Lawyer like Bachmann. She knows full well her statements were not accurate.

[sickoflibs]

RE :"I see reading comprehension is not MY strong suit :-)"

Look, only so many characters allowed in the title so you have to read comment #1 to get my point in posting this.

[MNJohnnie]

One of the president's senior economic advisers, Paul Volcker, said recently in a speech that "we must raise taxes" to deal with the deficit. Never mind that the administration and the Democrats made an already bad deficit situation worse, and never mind that they were aware of the situation before they jammed the disastrous health-care bill through Congress for the president's signature.

This probably explains why when Cain was asked about a "good fed chairman" at the NBC debate did not cite Volker. Seems Volker gone over to the dark side. Someone better let Ron Paul know about this.

[Sister_T]

Thanks for the article. Given the criticisms against Mr. Cain’s 9-9-9 plan and people claiming it is a VAT tax, this article from Mr. Cain shows that he is steadfastly against VAT so I can hardly believe that he would suddenly propose such a thing.

I mean, after all, he isn’t 0bama!

[cuban leaf]

That’s what I did. I was defending you. :-)

[E. Pluribus Unum]

We already have a VAT, and its name is "corporate income tax."

[sickoflibs]

RE :"Someone better let Ron Paul know about this"

An uninspiring moment with Paul was when he was critical of the 9% sales tax claiming he thinks it great that half the country pays no Federal taxes (beyond entitlement and gas) with the rest picking up the tab for the voters endless wish-lists, as if that is a stable situation.

I dont think Paul ever got any significant spending cuts passed in his whole career unlike REAL doers like John Kasich. But he talks big.

[dila813]

April 2010 -— why bother — looked like another dredging troll

Why not get a current article then link in your comment to this one and then get into it.

[fightinJAG]

You are doing a good job at doing what you can do to sell 999. This is what we all have to do.

No candidate can do it alone.

As I’ve said previously, it’s time for those of us who understand the comprehensive benefits of this idea, not only for our economic prosperity, but even more importantly for our political freedom, to do the LINEMAN PUSH.

We have to get behind the ball carrier and double-down on pushing and pushing and pushing him against and over the defensive wall into the end zone. Keep pushing until the whistle blows.