Do you think there might be some possible Cain suppoters that sincerely don’t like 9-9-9?
Are they welcome on the Cain Train?
I have my concerns:
1. Why should we trust politicians not to be corrupted by the allocation of “empowerment zone” status?
2. Isn’t labor taxed twice? Once as corporate tax on the 9% tax paid on company revenue that flows to the employee, and again by the employee as income tax? Wouldn’t this create an incentive for a manufacturing company to make that labor cost untaxed by changing it from labor, to non-taxed cost of materials manufactured overseas?
I’m still a strong Cain supporter and contributor, but I think these question are worth addressing.
Don't companies already compare the cost of making a product domestically vs having it made overseas?
Cain's plan does not change that, nor does it give a greater incentive to have the product/material made overseas.
Companies will still look at which method makes them more income over the long-run.
I agree that the lack of wage deductions would have adverse impacts. Service industries would seem disproportionately impacted. I would actually eliminate corporate taxes but include dividends and capital gains as income. “Businesses don’t pay taxes people do.” Don’t care for the enterprise zones either. I like Cain.
I agree that the lack of wage deductions would have adverse impacts. Service industries would seem disproportionately impacted. I would actually eliminate corporate taxes but include dividends and capital gains as income. “Businesses don’t pay taxes people do.” Don’t care for the enterprise zones either. I like Cain.