Posted on 10/19/2011 11:19:06 AM PDT by teddyballgame1
One of the key economists who helped presidential candidate Herman Cain draft his 9-9-9 tax plan is backing away from the most controversial component of it, warning that the criticism Cain endured at Tuesday night's Republican presidential debate shows his proposed 9 percent national sales tax might have to go.
"It was such a dart board," economist Stephen Moore said Wednesday of the proposal.
Cain weathered a storm of complaints over his tax plan at the Republican debate in Las Vegas. Virtually every candidate took turns accusing the businessman of pushing a scheme that would introduce new streams of revenue and hit the middle class hardest.
(Excerpt) Read more at foxnews.com ...
It’s all a moot point anyway. Congress is NEVER going to overturn the entire revenue system in one enormous swoop.
yeah newbie.. maybe he can make it up talking about lawncare people
Moore is not the kinda guy you want on your side in a war and definitely not in any battle
Art Laffer has endorsed the 999 plan
http://online.wsj.com/article/SB10001424052970204346104576637310315367804.html?mod=rss_opinion_main
Dude it’s a proposal by a primary candidate.
Some of you guys ct like it was a bill submitted to congress by the president.
I respect the guy for at least proposing SOMETHING.
Once the bread and circuses have been decreed, they’re impossible to go back on.
No it isn’t. LOL. Moore just freaking out over libtards.
Lowrie and Art Laffer are still firmly behind this plan,and they picked up another economist this week: Charles Kadlec (Forbes contributor)
http://www.freerepublic.com/focus/f-news/2795074/posts.
“explained that it’s just too much of a punching bag”
So he is NOT saying it wouldn’t be great for the economy, he is saying people aren’t able to understand the benefits.
The reason is because we have the professional politicians like Romney, Perry and Santorum trying to sabotage it for their own narrow political ambitions.
Romney with his stupid basket of apples may be the worst.
The federal government doesn’t control state taxes.
If states want an income tax or a sales tax or a property tax or whatever, that is outside the control of the federal government.
The only question is how should FEDERAL taxes be designed?
Shifting burden onto a sales tax from the income tax and relieving capital formation from taxation would powerfully help reorient our dying service economy back to a more capital-intensive manufacturing economy.
Returning manufacturing, especially capital-intensive heavy industry, to the United States would be the best thing we could do to give life back to the dying middle class with good jobs.
Would seasoned citizens really prefer to see their grandchildren live in poverty or on government handouts rather than have to pay a sales tax on new goods?
The economy is dying, the middle class is dying, and the professional politicians pull out their knives in defense of the status quo.
The guy who crafted the plan is backing away from it. I guess you don’t know politics. It’s not a good day for Herman.
Moore isn’t running for President, Cain is.
There is a “team” that crafted the plan, not “one guy” and he is not backing away, he suggests one change.
Read much?
I like Cain and may still vote for him - but his entire campaign was built around 9-9-9. It’s starting to crumble as people take a closer look at it. The idea is to move to flat tax - agreed, but a 9% sales tax would never had made it.
So which candidate did you join this board to support?
So it’s a 9-9 plan? A 1/3 of the plan? Do math much?
“It’s starting to crumble as people take a closer look at it.”
That’s total BS.
In fact, Art Laffer (Reagan Econommist buckled down today)
Cain’s Stimulating 9-9-9- Plan (Laffer)
http://online.wsj.com/article/SB10001424052970204346104576637310315367804.html?mod=WSJ_Opinion_LEADTop
And actually, the idea is to move to a FAIR TAX, so you obviously don’t get it.
“So it’s a 9-9 plan? A 1/3 of the plan? Do math much?”
That’s what Moore said in the article YOU posted.
The rest of the team doesn’t agree with him.
It’s a bold idea and Cain has done an excellent job redefine the debate on tax code. Gingrich summed it up best last night - it’s more complicated than just “9-9-9”. States that already have a sales tax won’t want something additional. I truly hope Cain can overcome this - it’s a politcal set-back becasue his whole campaign was built around it.
Just how big is this team?
EXACTLY! Before Cain, this was all about what we were against. Now Republicans, including RINOS Perry and Romney, are being forced to talk about overhauling the tax system.
There is nothing about the way he's sold 9-9-9 to say that he can't change how it works to make it better. 0bama will be for status-quo. So much for hopey-changey.
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