Posted on 10/13/2011 11:06:31 AM PDT by justsaynomore
House Budget Committee chairman Paul Ryan says he “loves” presidential candidate Herman Cain’s signature “9-9-9″ tax plan.
Ryan told The Daily Caller in an exclusive interview that Cain’s plan shows the GOP presidential campaign season has entered into a more advanced stage where ideas — not just personalities — have come to the forefront.
“We need more bold ideas like this because it is specific and credible,” Ryan said. “I’m more of a flat-tax kind of a guy.”
The budget chairman went on to say that ideas like Cain’s plan could help shape the debate over tax reform moving into 2013.
“It’s great to see such bold ideas,” Ryan told TheDC.
Commenting on the sniping among the candidates and their criticism directed at Cain’s plan, Ryan said the entire process would make the eventual GOP nominee stronger going into the general election. Contacted by TheDC on Thursday, Herman Cain’s campaign was appreciative for the unexpected endorsement.
“I consider Paul Ryan to be one of the brightest minds in Washington, D.C.,” said Mark Block, Cain’s chief of staff, “and for Congressman Ryan to embrace 9-9-9 shows that he also has the leadership to give the American public bold solutions for our current crisis. Mr. Cain looks forward to sitting down with Congressman Ryan.
“Dr. Art Laffer also wrote a piece praising 9-9-9, so you have two of the most respected people that are dealing with economics in America praising 9-9-9,” Block added. “That … speaks for itself.”
Read more: http://dailycaller.com/2011/10/13/paul-ryan-loves-herman-cains-9-9-9-tax-plan/#ixzz1agZ25tf3
LOL! That's the nice things said by Huck about Cain. The thing I seen him say yesterday started with the letter “F”, and second word with a “U”. And I thought ole pissant was bad with his attacks on Palin. Huck has him beat hands down.
Is there an alternative plan being proposed you favor, or do you favor the status quo? Not being combative, I’m genuinely curious. I’m intrigued by Cain’s plan because it does appear to “standardize” taxes across all levels and make it much more difficult for all the hidden taxes we get now.
Yes, the 999 plan may have issues, but what’s important is that we are talking about nixing the current system. We have been needing a candidate who will not back down from a plan to fundamentally change the terrible tax code we now suffer from. Flat tax, Fair Tax, 999 Plan...what matters is to bring to the attention of the country the fact that we CAN change this code. It is not written in stone somewhere.
Even a Fair Tax has to be collected by some agency.
Visible taxes, especially those imposed on everyone, are much harder to raise. Not impossible, but much more difficult than raising hidden taxes, or taxes that only affect a small voting block.
The comparison to health care is not a valid one. The costs of such a system are not as easily grasped for those not paying attention, and for those who don’t have basic understanding of how an economy works. (Even with this ignorance, the passage of hc came at a tremendous political price) But a visible tax is understood, and felt, very easily.
Also, this would replace the existing tax system, not imposed on top of it, so objections on the basis of “not another tax” are not valid, either.
Could it end up as 50-50-50? In theory, yes. But in practice, not nearly as likely as large-scale increases in existing taxes (since those are only paid by a small few, or are very well hidden).
They didn't have a blueprint in place for ObamaCare either....
Consider that the 999 plan ELIMINATES a revenue stream also--the payroll tax, so it adds one and eliminates one.
And the payroll tax is a hidden tax, in that half of it is paid behind the scenes and never seen by the employee.
Didn't you find it strange that when the temporarily lowered the payroll tax to "stimulate" the economy, they only lowered the visible half--the employee half? The hidden half stayed stayed just as high.
Hidden tax streams like the employer half of the payroll tax are much more likely to be raised than visible, in-your-face tax streams like a sales tax.
I don't know if you live in a state that has a sales tax, I do. Every year someone tries to push for an increase in the sales tax for this or that good cause, and every year it gets quashed. The sales tax rate has been steady for the last 20+ years. I understand the concern, but as a practical matter a sales tax is the hardest type of tax to increase.
It's much more likely taxes will be increased with the current system (where so many taxes are hidden) than in a simple system where everything is out in the open.
I like that part too. Just very afraid of adding something so powerful as a national sales tax. Regardless of political party, money is the drug of choice in Washington--and if we have learned anything I hope we have learned that they will spend until WE all drop.
Money is power. And we seem to be happily agreeing to giving them another avenue to take ours--while firmly believing they'll never ask for more than 9%. Not ever, ever. They swear to god and cross their hearts.
If we go along, then the lessons of these most painful four years will have meant nothing. (IMHO, of course)
I agree - I have heard that they may be coming out with interactive video and calculators to help people understand it.
I would add this to all Cain supporters:
Cain is facing a mountain of opposition. His plans (not just the 999, his spending cuts too) take CONTROL away from government. You have establishment GOP, you have other candidates' supporters against him, you have the liberals against him, and the liberal media against him.
What are we really fighting? BIG GOVERNMENT STATUS QUO. Cain is not going to get fair air time, his numbers are getting skewed, his words are being twisted, by all those groups I mentioned.
WE are going to have to fight this battle with him. Every single supporter needs to get off the sidelines and into the game. We need to be presenting the truth to people in comments following articles, on Facebook, Twitter, day to day lives, etc, at the very least. If you can give, that helps too - because it will take money to fight the RINOS and the left.
Yes...it’s called your home state...which coincidentally already does this every time you purchase something and pay sales tax at the register.
Right now most people pay 15% of every pay check to Social Security and Medicare.
Corporations pay a 35% tax rate which is passed along to the consumers (us) with every purchase.
Most (well, some) Americans pay a progressive income tax which punishes success and gives a huge portion of the population representation without taxation, something that would have appalled the founding Fathers.
We have a large capital gains tax which discourages investment in American businesses and drives investment money overseas.
Thousands of pages of tax legislation, bought and paid for, give some businesses legal and tax advantages over others, which is a large part of the reason small and medium size businesses have a hard time competing with huge corporations who can pay armies of lawyers and lobbyists.
With Herman Cain's plan all that goes away. American businesses all play on a level field (at least as far as taxes) and pay a tax rate that kicks sand in the faces of most other countries. The Free Market and competition will pass those savings along to the consumers, therefore prices on most everything will plummet. The IRS will be eliminated. Washington will no longer be able to use the tax code to reward some groups, punish others and control your behavior. Everyone will have skin in the game. Everyone in the country would be able to see what Washington takes from them on the receipt of everything they buy. Can you imagine the furor from Democrat voters if Congress tried to raise their sales tax from 9% to 10%? They would riot, unlike now when all the taxes are hidden. The 15% payroll deduction taxes disappear so most Americans get an immediate 6% or more raise. For most of us tax payers it will be much more.
There will be one large downside, however. Millions of tax attorneys, accountants, tax preparers and lobbyists will be out of work. Luckily there will be plenty of new jobs for them in the booming manufacturing sector.
Okay. You’ve convinced me.
Thanks.
Good, reduce the size of the IRS to what is needed for the new format. Take the others and retrain them to start drug/alcohol testing of welfare and unemployment recipients. Let's reduce the numbers collecting.
You cannot compare the two.
The only people who were fighting Obamacare are the people who have to pay for it.
Under 999 everyone pays.
Spending cuts are a horrible idea. After all, what is to prevent future presidents/congresses from just increasing that spending again, to even higher levels than what we already have now?
/sarc
LOL!!!
Try raising tax rates when EVERYONE has skin in the game. Ain't gonna happen.
First to go will be those 1600 NEW agents hired by IRS to monitor Obamacare mandates and punish you if you did not purchase the ever escalating insurance.
Next, as you say, retrain the surplus agents to go south on the border and monitor illegal entries.
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