999 scoring report (Acrobat PDF)
999 scoring tables (Acrobat PDF)
I notice some very good information there as I skimmed through.
In order to exempt food and medicine from the sales tax, you'd have to add 0.5% to the sales tax rate to make up the difference.
The 9-9-9 rates themselves assume a "refundable credit equal to the tax rate times the poverty level" as relief for low income earners.
In theory, at least, the rates could be as low as 7-7-7, if the poor got no offset.
The dynamic analysis says GDP would grow 15% above the 2008 baseline or by $2 trillion.
It would create 6 million new jobs and 10% higher wages too.
If that projected growth happened, the rates could actually drop a few percentage points and maintain 2008 revenue levels.
Thank you for those, I was actually able to download them! (I’m still stuck with the work computer, whose firewall blocks much of the good stuff on his site.)
New laptop on the way, finally.
THe debate format doesn’t lend itself well to providing details. I’m thankful Laffer stepped up but would like to see more.
It would create 6 million new jobs and 10% higher wages too
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Yes this is the key to his plan. People keep looking at the plan under the current economy and their current tax situation.
Perry talked about people in NH pay no sales tax and they won't go for adding one. But they do pay Fed Tax on the tings they buy, on average 22%
Cain need to get a couple of big companies and small business owners do the analyst. Say someone like Ford, let them show they can sales their cars for 10% less, pay their employees 10% more, hire 5% more people and still make more money. He would then have people really thinking.
They would be:
1. I can make 10% more money in my paycheck
2. Then I will have less money taken out of that paycheck
3. Then things they buy will be 10% cheaper
4. Then I'll have to pay 9% more when I buy something
Add it up and they are in better shape.
Also more of their friend will have jobs.
All because of this 1 little TAX plan.
This plan can be sold to the American people