****But his endorsement of a sales tax on top of the income tax is a political gamble that would eventually finance an even larger entitlement state.****
How so?
Cutting spending and a balanced budget is the stated goal.
I’ve looked very carefully at Cain, Perry & even Romney.
Hands down Cain is the BEST of the three. Perry is better than Romney...but that’s not saying much.
I’ve looked very carefully at Cain, Perry & even Romney.
Hands down Cain is the BEST of the three. Perry is better than Romney...but that’s not saying much.
Well, I’m not going to toss out Mr. Cain with the bath water without asking a few questions:
1) Has he said he wants to add his national sales tax on top of the income tax?
2) Does he have a plan to repeal the 16th amendment?
If it was a political killer he wouldn’t be leading in the polls. But then, when are pundits ever right about anything?
Hear Cain in his own words:
http://www.c-spanvideo.org/program/SummitAfter/start/5769/stop/9318
This opinion piece distorts his plan.
This is an outright lie. Do your homework.
I watched Fox Business this morning and they were all saying Cain’s plan would be great.
A national sales tax on top of a flat income tax makes perfect sense because it will serve to even out the peaks and valleys in revenue by using two different revenue streams. Fiscally it makes great sense. Politically, it will cause hysterics, like anything else Cain says.
Pass constitutional amendment defining that sales tax can not exceed 9%.
Cain is not a dictator, he presents a plan to congress, congress writes and passes an agreed upon plan after debate, if you are about to dirty your undies over a plan, before the legislative process takes place, call on your fellow democraps for help.
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>amid promises that it would never exceed 10%.
Wow. Lie.
9% sales tax turns illegals, and non income tax payers into taxPAYERS, which means they are stakeholders.
I must say, this foolish proposal is exactly why I dropped all support for Cain in March of this year. He repeated this idiotic proposal then, and I could clearly see he was just not able to lead this country in any substantial way.
I know your a Perry supporter and that is fine, but did you miss the part where the current tax code is replaced? or are you trying to mislead? If it was a mistake then fine, but if you are trying to mislead why side step the truth?
9% on earnings and then 9% on what we spend or better yet 0% on what we save!
What would be Perry’s plan or the plan you would propose? After all we have to pay something to get ride of the debt and deficit we have now. Don’t forget cut, cut, cut, which I think both candidates would do.
Caine also does not have a voting record to examine, or public executive office record. We have to trust his words.
There can be no national sales tax without a constitutional amendment.
Looks like the Wall Street Journal agrees with what I’ve been saying now for some time.
And the LESSER amount of money raised by 999 can only mean that Cain’s plan does NOT pay for his new Chilean Model Social Security.
Some will say that his plan gets rid of social security payroll taxes, but not so fast. He is ADDING a Chilean Model new deduction to pay that totals ANOTHER 10-20% of income.
So, it’s really 9-9-9 + (Chilean 10-20%)
Obama will eat his lunch.
Someone is FINALLY taking on Cain's IDIOTIC plan. Hopefully some other campaign reads this and RUNS WITH IT! FINALLY!
Americans are always looking for a quick fix.
Cains plan is not quick or a fix. It is just another road to higher taxation. Even Cain said the deficit would go up under his plan.
No thanks.
A second big concern is his lack of concern over the Federal Reserve.
Two main Issues. His big pluses are strong character, capitalist and loves America.