Free Republic

The “9-9-9” plan that has helped propel businessman Herman Cain to the front of the GOP presidential field would stick many poor and middle-class people with a hefty tax increase while cutting taxes for those at the top, tax analysts say.The plan would do away with much of the current tax code and impose a 9 percent personal income tax, a 9 percent business tax and a 9 percent national sales tax, which tax experts say would mean that low- and middle-income Americans would pay more.“Right now, we have a strongly progressive income tax. High-income people are paying a higher...

Hauser's Law is an extension of the Laffer Curve (Art Laffer supports 9-9-9): "No matter what the tax rates have been, in postwar America tax revenues have remained at about 19.5% of GDP." The 9-9-9 plan is a bridge to the Fair Tax. A consumption tax is the ideal Republican tax. It is the least progressive tax and it ensures that everybody 'pay their fair share'. One of the chief complaints here on FR about the 9-9-9 plan is that is introduces a NRST without eliminating the income tax. What's to stop some future Congress from turning it into 20-20-20?...

Few seem to know it, but Phase 2 of Cain's 999 plan is the FairTax. Cain's website says the following about the FairTax: 1.) Amidst a backdrop of the economic boom created by the Phase 1 Enhanced Plan, I will begin the process of educating the American people on the benefits of continuing the next step to the Fair Tax. 2.) The Fair Tax would ultimately replace individual and corporate income taxes. 3.) It would make it possible to end the IRS as we know it. 4.) The Fair Tax makes our exported goods and services the most competitively internationally...

UPDATE: 9/27/2011 We were contacted directly by the Cain Campaign's chief economic advisors last week, and were advised that base numbers in our analysis significantly understate the initial revenue generated in the first year of the 999 plan. The Cain Campaign had indicated a willingness to share their raw data so that we might adjust our projections. We anticipate that this information will be made available shortly, and we'll review their data, and will modify our analysis if warranted. While the nation awaits Barack Obama's "Jobs Plan," which will be countered by the Romney "Jobs Plan"and the Wall Street Journal...

He is the latest Tea Party favourite to burst through in the increasingly heated race for the Republican presidential nomination and see their poll numbers rocket them to frontrunner status. However, unlike previous rightwing darlings such as Texas governor Rick Perry and Minnesota congresswoman Michele Bachmann, wealthy businessman Herman Cain, 65, can claim to be cut from a very different sort of cloth from the average Republican candidate. First, he is not actually a politician. Cain, whose CV includes being a radio show host, a navy ballistics expert, a Baptist minister and a Federal Reserve official, has never held elected...

He didn’t break into song, but Rep. Jay Inslee otherwise sounded like a character in “West Side Story” as he excoriated young supporters during a Thursday fundraiser at Nabob on Queen Anne Hill.“It is time to get out on that field of battle with the Tea Party: It is time to stop rumbling with ourselves and start rumbling with the Tea Party,” said the gubernatorial hopeful.Inslee has sought to tie GOP Attorney General Rob McKenna, his all-but-certain 2012 opponent, to the Tea Party: Polls show rising public disapproval of the right-wing movement.Inslee was ready to rumble with a lot of...

Herman Cain's supporters know their part by heart. On the campaign trail, at the point in Cain's stump speech when he begins to discuss his plan for economic growth, they're always ready to join the chorus: "Nine! Nine! Nine!" They're referring, of course, to the Republican presidential candidate's proposal to throw out today's tax structure and replace it with a 9 percent income tax, a 9 percent business tax, and a 9 percent national sales tax. Cain would eliminate capital gains taxes, the payroll tax and the estate tax. For Cain, a Georgia businessman, 9-9-9 is a perfect platform. It's...

COMMENTARY | Herman Cain, the former Godfather's Pizza CEO and current candidate for president of the United States, may not get the Republican nomination. But he remains the most interesting man running for the Oval Office. For instance, Cain's "9 9 9" proposal, which essentially would replace the current tax code with a 9 percent flat tax on personal income, a 9 percent corporate tax, and a 9 percent national sales tax, has the virtue of being simple, easy to understand, and appealing to anyone who has had to struggle with complying with the tax code. Cain's proposal, repeated during...

Link to video - http://www.youtube.com/watch?v=-IuiEmXoBhI&feature=youtu.be Herman Cain talks about his 9-9-9 Economic Growth Plan in detail. To read the plan, go to http://www.hermancain.com/images/economicgrowth.pdf

FLASHBACK - Herman Cain at the First FairTax Rally in 2006

For the past couple of weeks, I've been looking into the Fair Tax, a tax law that is picking up a lot of momentum since many GOP candidates, including Herman Cain, support it. For those who don't know what the Fair Tax is, it is essentially a national sales tax of 23%. Even though that might not sound too pleasing, what makes the fair tax so great is that it abolishes all other federal taxes. Income, capital gains, and payroll taxes would all cease to exist. To bring support to the Fair Tax, which I believe is much better than...

Paying taxes is a fact of life, because there are certain things that our federal government must provide as enumerated in the Constitution. But paying taxes does not have to be unfair, burdensome and costly. Our current system of taxation is all three, and it got that way little by little over time since 1913. The Fair Tax (H.R. 25) is a fairer tax because it is just the opposite. It is fair because the consumer determines their taxes based on their purchase behavior instead of being determined by the government based on one’s capacity to produce. Our production is...

From the article... "There have been an endless amount of tax-reforming legislation passed into law going back for decades. All that happens is the opposite. More tax law, more special-interest group provisions, more pork, more lobbyists, more regulation, more penalties, more destruction of the U.S. trade relations, more incentive for business to move jobs or the company itself out of America, more loss of liberties of the taxpayers, and more corruption of the Congress and the President."

He thinks. Therefore he isn't. Somehow, Herman Cain has become invisible. Media pundits tell us again and again that the Republican rank and file aren't happy with any of the leading contenders for the 2012 presidential nomination, that these voters really want an alternative. The pundits speculate endlessly on possible additions to the field: Mitch Daniels, Chris Christie, perhaps even Jeb Bush. But despite the fact that Cain has a large and enthusiastic following, the former Godfather's Pizza CEO rarely seems to merit even a mention. Recently, 15,000 supporters crowded Atlanta's Olympic Park, where they boisterously cheered Cain's eloquent and...

As the current debate over fiscal reform suggests, very few proposals for fundamental changes in tax policy have the potential to command support across the ideological spectrum.  The "FairTax" is the great exception.  Correctly understood, the Fair Tax Act (HR 25, S13 with 67 cosponsors), which would replace almost all federal taxes with a direct tax on consumption, should appeal to conservatives, progressives, and libertarians alike.  Let's start with conservatives.  The FairTax enjoys more support from this quarter than any other tax reform proposal, including the flat tax and the reforms outlined in Congressman Paul Ryan's Path to Prosperity. ...

VIDEO of probable presidential candidate Herman Cain promotes replacing the current "messed-up tax code" with the FairTax, a single rate consumption tax, on the Neil Cavuto show today...

Bypass the mainstream media black out and lets get a conversation started on what is a ridiculous main stream media

One of the more intriguing new websites on the political blogoshere is POPVOX. POPVOX is an interactive site that enables individual citizens to weigh in on bills introduced into congress. You can vote for/against bills in the house or senate and you can also make a comment that will be displayed on the respective Bill Report page and forwarded to your respective representative/senator. POPVOX also has a mapping facility which shows where support\opposition to a bill is coming from geographically. You can drill down to CD level all the way up to state and national. HR 25 (The FairTax) made...

HARTFORD (AP) — Devotees of coupons and discounts are angry at Gov. Dannel P. Malloy's proposal to slap a new sales tax on the original price of a good or service rather than the discounted price. Ending the sales tax exemptions for coupons, discounts and automobile trade-ins are among tax exemptions Malloy has proposed ending to help close the state's projected $3.5 billion deficit. For example, the tax would be imposed on the $30 price of a blouse, not the $15 sales price. Gina Juliano learned firsthand after she lost her job in 2009 as a vice principal in the...

As April 15th draws near, the airwaves are filled with spots for income tax preparation “services,” nearly all of which were founded by and staffed with “former” IRS agents and auditors. If you younger folks are wondering why these outfits are heavy with former IRS people, think of a one-way revolving door. On one side is the IRS where these guys joined over 120 thousand others in the IRS to become as skilled at understanding the ins and out of the tax “code” (so named because it is written in code no human being could possibly fully understand) and IRS...