(Live Thread) Republican Presidential Debate #8 Oct. 18, 2011 Nevada 8 P.M. EDT CNN

Tuesday, October 18, 2011 | Kristinn/ newzjunkey

[kristinn]

Broadcast on: CNN

Broadcast time: 8pm EDT/5pm PDT

The Candidates:

Michele Bachmann

Bachmann is serving her 3rd full term in the U.S. House. Founder of the House Tea Party Caucus, worked as a tax attorney, and was a foster mother for 23 teenagers. She is a member of the House Permanent Select Committee on Intelligence.

Herman Cain

Cain is the former chief executive of Godfather's Pizza and former chairman of the Federal Reserve Bank of Kansas City. He lost the Georgia Republican primary for a U.S. Senate seat in 2004. He was recently the host of Atlanta-based radio show.

Newt Gingrich

Gingrich served as Speaker of the United States House of Representatives from 1995 to 1999. He represented Georgia's 6th congressional district as a Republican member from 1979 to 1999. He has a PhD in modern European history.

Ron Paul

Paul is serving his 11th full term in the U.S. House. He’s an ob-gyn and was Libertarian nominee for president in 1988. He unsuccessfully sought the Republican nomination for president in 2008

Rick Perry

Perry is the three term governor of Texas, from 2000 to current. He is a retired Air Force captain for former farmer. He has a degree in animal science.

Mitt Romney

Romney was governor of Massachusetts (2003 to 2007) and former CEO of Bain Capital, a private equity investment firm. He unsuccessfully sought the Republican 2008 nomination for president. He has an MBA (Harvard) and JD (Harvard Law).

Rick Santorum

Santorum served two terms in the U.S. House and two terms in the U.S. Senate. He became the Senate's third-ranking Republican in 2001. He was defeated for reelection in 2006.

[bcsco]

You might want to check this out...

[Tennessee Nana]

Didn’t she say Libya AND Africa?
_______________________________________

Yes

We have boots on the ground in Uganda now too

That was no gaffe...

that is the truth...

whether its 3000 or 5000 we should leave anyone behind in Iraq or Afghanistan...

[mylife]

Let us tax things one more time with a 9% national sales tax! yeah that’s the ticket!

Mr Cain needs an exemption for current savings, NOT an exemption for “empowerment zones”

[mylife]

Even after the 16th is repealed, the new 9% tax is an additional tax on currently taxed existing savings.

[mylife]

Even after the 16th is repealed, the new 9% tax is an additional tax on currently taxed existing savings.

There must be an exemption for current savings.

[Tennessee Nana]

I watched the debate on YouTube late last night...

and early this morning...

When the subject was Mormonism and several including the hypocrite Romney were expounding “the Founding Fathers !!!” this and that

I was yelling “somebody please know and say that those same Founding Fathers were dead dunked into Mormonism. They werent allowed freedom of religion”

But the lying swine Willie Mitty knew that nobody on the stage either knew or understood or believed that the Mormons are such bigots when it comes to denying others their right to choose their own religion

and that the Mormons have been creating a state/national religion all along...

[sam_paine]

Question to the 999'ers:

I'm all for abolishing the IRS. And I am certainly for eradicating the nefarious "hiding" of real taxes via withholding.

But what does the Fair Tax or 999 or Flat Tax or any other "tax debate" we discuss have to say about the PRICE OF GOVERNMENT.

These are all "how to collect" arguments, only remotely connected to "how much it costs."

Can we all agree that no matter what the "plan" is, the resulting tax law coming out of Congress will be different, if not unrecognizable, eventually amended with all sorts of prebates and social engineering which will use "fair" as a term to give special exemptions to farmers, "working families" (unions) and gay/lesbian/transgender housemates.

So my question is, other than Cain's proposal that bringing the uniform tax down on everyone will indirectly pressure congress to keep rates low*, is ANY candidate proposing ANYTHING else to address the "how much" argument (total taxes vs GDP, etc.)??

AFAIK, the answer is no.

Unless the amount being collected is small enough to allow freedom and liberty, then it doesn't matter what the method/formula for collecting it is.

* And BTW, everything that is done by Congress "for the people" is not done universally, but instead by the majority for a specific subset of constituents. I can't think of an example where that is not the case. Thus, is there any reason not to believe that anything done to "keep rates low" will actually be done to "keep rates low for a subset of constituents" somehow, some way, with offsets, prebates, rebates, credits, exemptions, etc.

[Col Freeper]

Never, ever, EVER speak ill of Admiral James Bond Stockdale.

I agree completely.

A courageous and honorable man who served his country with great valor.

And was slandered and mocked by the Presstitute and Saturday Night Live Scum that wouldn't lift a finger to serve in the defense of America.

A shameful example of the leftist slime machine at work.

[stephenjohnbanker]

Ana 1...2...3...4 another one bites the dust.......

[Eagle of Liberty]

I hope Mr. Cain is listening and can make necessary adjustments to his proposals even if it means adjusting the catchy phrase “999” itself. The point is tax cuts are most essential, followed by huge cut in government spending, and ABOLISHING OBAMACARE.

This is actually a really good point. While I do not have the reservations that you do about the 9-9-9 plan, it does seem that many who like Cain a lot are putting him at arm's length until he makes some sort of adjustment to this plan. This may be a good time for him to make an adjustment, even if it is just to show the people that his ears are listening and is able to be a bit flexible.

[30Moves]

They will lower prices because if they don’t their competition will.

They will use this as getting an edge on the market - that’s what price wars are all about.

[Grunthor]

Libya is IN Africa.

[bcsco]

I was yelling “somebody please know and say that those same Founding Fathers were dead dunked into Mormonism. They werent allowed freedom of religion”

What in the world does this mean? Founding Fathers and Mormonism? Mormonism wasn't founded until late in the first third of the 19th century, 50 years or more after the founding of our nation. If you're equating Mormonism with the Founding Fathers you're dead wrong.

[rbmillerjr]

Bottom line is that Cain took bullets and came out fine last night.

Mittster took bullets and looked petty.

I think Cain pulls off the upset in both Iowa and SCarolina.

But the full forces of Leftism and GOP Progressivism will be flung at him now.

[reaganaut]

If you want to burn mormons in your furnace for heat this winter, go for it.

- - - - - - -

You are not accusing me of wanting to murder Mormons are you? You wouldn’t be the first on FR to do so.

Further I have NEVER wished or said I wished violence against Mormons, your comment was uncalled for and vile.

Finally, I AM NOT the one who brought up Mormonism, one of the Mormon defendeders brought it up out of the blue and attacked us.

Get over yourself.

[Eagle of Liberty]

Right, except I'm of the understanding that the plan subtracts the purchase price from US companies at each stage of the supply chain, which would have the effect of a one-time-only tax I believe.

The biggest problem with the sales tax is the constitutionally-protected income tax. Until the 16th Amendment is repealed, the sales tax will be and ADDITIONAL TAX not a replacement tax. The 16th Amendment must be first repealed before a sales tax is created.

You are correct. The sales tax portion of the 9-9-9 plan is NOT a VAT, meaning that is a point of sale tax, not a tax that occurs at every stage where "value" is "added". Currently, the total sale price of an item includes 22% of embedded taxes, mainly passed on corporate taxes. So, in effect, you are already paying this ADDITIONAL TAX, it is just hidden.

I completely agree on repealing the 16th Amendment. What this plan does is eliminate our current monstrous tax code and replaces it with a 9% flat tax. Eliminating the tax code is step one in repealing the 16th Amendment.

Lastly, the 9-9-9 plan eliminates other current taxes including the payroll tax and the estate tax and it reduces tax rates while widening the tax base.

[Eagle of Liberty]

Even after the 16th is repealed, the new 9% tax is an additional tax on currently taxed existing savings.

When you buy something right now, you are paying for the corporate taxes that businesses pass on to their customers.

[reaganaut]

Well said, CAWW

[Eagle of Liberty]

Yes, but you assume the producers of goods will then lower their prices. That’s very idealistic, to say the least.

No, that's capitalistic. All it takes is a smart businessman with a good business plan to see the opportunity that reducing their price may provide. Unless you are of the opinion that all companies are in cahoots on setting all prices in the market.

[reaganaut]

I don’t believe you. I have seen your posts for years and I know better. Ever hear of conversion to the LDS?