Posted on 10/13/2011 6:38:03 PM PDT by casablanca
Republican presidential hopeful Herman Cain’s 9-9-9 plan will add $2 trillion to U.S. GDP, as well as create 6 million jobs, his economic advisor Rich Lowrie told Larry Kudlow Thursday.
Lowrie also said under the plan, business investments will increase by one-third and wages will go up by 10 percent.
“And if you fold all that growth together,” he said, “federal revenues go up by 15 percent.”
Cain’s 9-9-9 plan would scrap the current tax code and replace it with a 9 percent tax on personal income and corporations, as well as a new 9 percent sales tax.
(Excerpt) Read more at cnbc.com ...
“By supporting someone like Cain, who hearts Romney, you are helping Barky win the election.”
So Cain, who is first or tied for first in all of the latest polls, should bow out of the race so that Perry who is anywhere between 5th to a distant 3rd in those same polls can leapfrog Romney and seize the nomination.
Do I about have that correct?
When I met Cain in Orlando he said you can’t do a u-turn on a moving train. (Stop the spending), work on increasing revenue then attack the deficit.
He also said there should be a ten percent cut in spending for all departments.
Coming from the corporate world, any entity can find 10% waste/fraud. Hell Medicare welfare foodstamp fraud alone would be massive (my words).
Add in all the folks not paying any taxes (legit or not)......
You mean like Perry was a Rudy supporter?
See the Reagan years lowering marginal rates and eliminating compliance cost will spur economic growth. This why A Laffer has endorsed the plan.
>> you KNOW their math was pretty spot on.
Congratulations! Out of the half-dozen times I have asked this question, you are the ONLY Cain supporter who has ponied up an answer.
Now *I* have some homework to do, checking your answer.
But until I learn otherwise I’m giving you the benefit of the doubt.
Thanks for the effort. You have done much more than the most agressive of the Cain thugs to convince me of the worthiness of your chosen candidate.
Well done, thanks, and FRegards
Riiight. Does anyone believe that?
Is this the part of the deal that comes AFTER they get the sales tax, you know, like the spending cuts we get in the 10th year of a 10 year plan?
Lucy and the football.
Yeah, and I’m the Queen of England.
>> Do I about have that correct?
Sure, as far as it goes.
Polls are ephemeral things.
You should know that as well as anyone; you used to be a Perry supporter. :-)
Why this hasn't already been done is scandalous.
We are probably paying an average of $100,000/person to keep these government employees in their offices.
Even if they all went on unemployment, welfare, and food stamps it would cost the taxpayers less for them to be welfare bums than to be employees.
That's a net savings that we taxpayers deserve.
Amen...again!!!
What stops them from raising taxes today except THEY decide who pays and who doesn’t.
With 999 everyone has a dog in the hunt.
Now they would be AFFECTING everyone.
Now you would have 100% of the folks pissed.
Paul Ryan ‘loves’ Herman Cain’s 9-9-9 tax plan
At the end of this article is this "update":
Update: Kevin Seifert, a spokesman for Ryan, clarified late Thursday that the budget committee chairman was not endorsing Cain or the specifics of the 9-9-9 plan, but rather that he loved that it was becoming “a starting point for a larger conversation on tax reform.”
You haven’t a clue, partner. It is the CHILEAN model. And it is basically private retirement accounts. IOW, phasing out SS as a Federal gubmint entitlement. Ask Galveston, TX how its working.
http://www.ncpa.org/pub/ba514
The SS Trust fund does indeed exist. It is full of IOUs. That money was spent.
Cain’s entitlement reform is a separate entity than 999. Job 1 is to get the economy booming. 999 will do just that if coupled with regulatory relief. Job 1.5 is drastic spending cuts and downsizing the fed gov’t (BTW, many thousands of IRS workers will be sent packing by 999). Job 2 is entitlement reform. Any President that gets these things done will be carved onto Mount Rushmore.
I didn’t say he endorsed it, I said he had something positive to say about it.
Uh, what? Oh course Perry was a Giuliani supporter.
Cain and his buds are Romney guys and quite hopeful that Herb can be on the Romney ticket. Should be quite a team.
“Polls are ephemeral things.”
Cain would have to say/do something stupid like Bachmann and Gardisil or Perry and heartless. I don’t see that coming from a man with his intellect that has spent the last five years making a living with his mouth.
Also, you may not like the polls but when they ALL have Cain out front? I mean come on. Perry should drop out soon and save himself further embarassment.
>> When I met Cain in Orlando he said you can’t do a u-turn on a moving train. (Stop the spending), work on increasing revenue then attack the deficit.
That’s truly scary.
Cain is willing to bend his pick on implementing an ENTIRELY new taxation regime —
but he’s NOT willing to bend his pick on decreasing spending. “Can’t stop a moving train” eh?
Thanks for the insight.
A 100% pissed off electorate would be a good thing..IMO.
I'd like to see it.
“Cain and his buds are Romney guys and quite hopeful that Herb can be on the Romney ticket”
Is THAT why Cain is leading Romney now? Tell me genius, will Cain surrender the nomination to Myth before or after he wins it?
I agree with you. Having 100% of America paying taxes would mean less power to the politicians and also less power to the masses to vote themselves benefits from my labor.
I’m more than willing to take a chance that the national sales tax might “expand” some day in exchange for those system changing benefits.
And good lord would I enjoy the month of March not having to think about filling out some massive tax forms. More productivity and enjoyment. That is worth something.
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