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Posted on 10/20/2011 7:04:50 PM PDT by smoothsailing
October 20, 2011
Steve Forbes, whose flat tax plan helped make him an unlikely contender for the Republican presidential nomination 15 years ago, is praising a new version of the idea from Rick Perry. And Forbes, who says he helped devise Perry's plan, left little doubt that he'll formally back the Texas governor before long.
In an interview with Yahoo News, Forbes called Perry's proposal, announced in a speech Wednesday, "the most exciting tax plan since Reagan's," in 1980.
Asked whether that included his own 1996 plan, Forbes said it did, because unlike him in 1996, when he fell short of upsetting front-runner Bob Dole, Perry "is going to win."
Forbes, the chief executive of his family's eponymous publishing empire, said the Perry camp reached out to him for help in crafting their plan. "We got into discussions of basic principles--how the thing might be shaped," he said. "The candidate concluded it ought be a simple rate. Make it as simple and bold as possible."
snip
Forbes hasn't officially said that he's backing any candidate, but he left little doubt that he'll formally get behind Perry soon. He said he would announce his support for one candidate soon, "and I don't think it'll surprise anyone."......
(Excerpt) Read more at news.yahoo.com ...
That’s good advice, have you exempted yourself from it?
Thanks shield. Have a great day, all.
BUMP!!!
Illinois taxes used car sales...
Great, first I would Like to see him try to expalin it without Loosing his train of thought Right in the Middle of a Sentence.
“It’s not enough to talk about what black folks ought to do,” Alexander once said. “We have to also look at what government is not doing to ensure fairness and equal opportunity. God is on the side of the least of these. Jesus said ‘the first shall become the last and the last shall become the first.’”from the church website
This is Herman Cain's preacher. Herman Cain also preaches at this church. When I hear him refer to empowerment zones and how black people live there so they deserve a lower tax rate. When I hear him say he is American first, Black second, and Conservative 3rd. I get nervous. I want someone who in their heart is President of everyone.
As a Preacher I assume he is rock solid on most social issues (gun control as a states right bugs me) but there is also a social justice/religious effort on both sides of the isle to use gov't to equalize things. He mentioned the governments role was to even the playing field not pick winners and losers, yet he speaks of black empowerment zones.
I am not falling for a speaker, no way. I would vote for him based on an Obama/Cain matchup but he parses his words too much. He parses his explanations. I fully expect him to say "Let me be clear". If you want to be clear, be clear.
A bit transparent on Mr. Perry’s part. He finally realized that the concept of a big tax reform was working for Cain, so he copied him. Pathetic, really.
First, we must restrict federal spending. Rampant and wasteful spending in Washington is an affront to both freedom and federalism. The most important thing we could do is amend the Constitution—now—to restrict federal spending. There are generally thought to be two options: the traditional balanced budget amendment or a straightforward spending limit amendment, either of which would be a significant improvement. I prefer the latter. It is imperative that we establish a constitutional requirement that the federal government live within its means like states and most American households must do—but I don’t want the Washington establishment to hide behind tax increases to balance the budget. Let’s use the people’s document—the Constitution—to put an actual spending limit in place to control the beast in Washington. (p. 181)
Second, we should restrict the unlimited source of revenue that the federal government has used to grow beyond its constitutionally prescribed powers. One option would be to totally scrap the current tax code in favor of a Flat tax, and thereby make taxation much simpler, easier to follow, and harder to manipulate. Another option would be to repeal the Sixteenth Amendment to the Constitution (providing the power for the income tax) altogether, and then pursue an alternative model of taxation such as a national sales tax or the Fair Tax. (p.182)
Perry, Rick (2010-11-15). Fed Up!: Our Fight to Save America from Washington. Little, Brown and Company. Kindle Edition.
A Flat Tax plan is inconsistant with Perry’s Big Government positons.
I'm a Texan, too. He may have some great ideas, but he IS having to play catch up and seems to be scrambling to get them out, obviously.
And, how he conveys his message matters, too. He definitely needs help with his live delivery.
That tells me he's hoping for Romney-Cain or Cain-Romney. Just as Ann Coulter is. And John Gibson. And 95% of the Fox News political staff.
"Equal opportunity" (as opposed to Lib-pushed "equal outcome") is a fundamentally conservative idea/tenet. I think 999 does more to ensure equal opportunity than just about anything that's been proposed in many a year.
This is also consistent with Cain's language about the government "not picking winners and losers."
As for economic empowerment zones, such things have been around for years under various names. I don't see this as a "black thing." It's just that blacks happen to be concentrated in areas when the utter failure of the welfare state and other Dem/Communist policies is most evident.
I think EZ go part of the way in pushing back against the (wrong) idea that 999 "hurts" the poor, while really not costing too much for that result. A 1% differential? On a tax base that, to be honest, is producing almost no income presently anyway?
None of these types of zones -- and, again, there have been many over the years targeting all kinds of poorer areas, such as rural economic zones, industrial zones, etc. -- seem all that successful, nor do they seem to affect the larger tax system much. If Cain's EZ actually help these areas get back on their feet somewhat, I say it's a small cost of that success.
And, again, I am not concerned that this is a "black thing." To me, it isn't. What it does do is highlight very graphically what is meant when the rest of us use the term "Democrat plantation," and so on.
It's not a coincidence that the worst economic disaster zones are those when the Democrat plantation has become the most entrenched. It was Fedzilla policies that destroyed the black family and even having to talk about EZ in these areas demonstrates that very effectively.
I always treat people’s decisions on who they support in the primaries with respect. I may disagree with them strongly, but that is very far from saying they haven’t given their decision any thought.
Saying, for example, I think Rick Perry is a weak candidate is not the same as saying those who support Perry are stupid robots who “don’t understand” and “haven’t thought through” their support of him. We all have gone through a thoughtful process, we just reached different conclusions. So what? That doesn’t mean that one of us is stupid or should be insulted.
If you’ll review the post to which I was replying, you’ll see an example of what I mean. A person who expresses support for a candidate and, instead of simply disagreeing with others who don’t support that candidate, can’t resist adding on that anyone who doesn’t agree with him is stupid, lacks understanding, is duped or manipulated, or hasn’t done their homework.
If you could point out an example of where I have not conducted myself with that way, I will be happy to address it.
I was simply trying to encourage civility and your response to me really wasn’t. I don’t get that.
From the early leaks that I’ve seen, it should be a $9,000 deductible and a 17% flat tax, no exemptions.
But as it’s not released yet, there might be some differences with the finished product.
Only if you believe that there will be a super-majority of Republicans long enough to enact the 9-9-9 plan... and that the super-majority will last long enough to enact the flat tax afterwards.
Or in other words, fat chance. Democrats will salivate over enacting the 9-9-9 part, as it’ll give the Federal government a sales tax. Then they’ll do everything possible to block the flat tax. And after time, the electorate *WILL* eventually give control back to the Democrats.
And then you’ll see just how much fun it can be with Democrats in control of a national sales tax.
(Change the tax point to each time anything is sold, whether it be wholesale or retail... look’s GREAT! Voila! VAT tax on the sly.)
I complimented you and then asked a question. There was no incivility on my part. In any event, from your posts, I got the impression that you were taking backhanded swipes at Perry, which seemed to run counter to your advice. Maybe I'm wrong, it won't be the first time.
Perry, Cain, Bachmann, I'll be satisfied if any one of those three get the nomination. Romney and Obama are our enemies, IMO, and that's where our focus should be. Perry understands that better than the others, IMO, so he is my preference.
Enjoy your day!
Has Dick Morris ever been right on anything?
From what I can tell, he’s been wrong on his forecasts far more often than not.
Considering that consumer spending is what drives our economy... does this really sound like a wise idea?
Now, if we want to change our consumption based economy to an export driven one, then we ought to say so, clearly and loudly... and work toward that.
Thank you for clarifying.
I do often make my criticisms of Perry somewhat indirect, because whatever I think of him as a candidate has nothing to do with the ideas I am supporting (or inclined to support), for example, in the 999 plan.
Even so, I think you’ll agree that what some may perceive as “backhanded swipes” at Perry (or any other candidate) is not the same as saying Perry (or any other candidate’s) supporters are stupid, ill-informed, etc. We just disagree on how the Perry candidacy is playing out.
So I see that as consistent, not counter, to my advice. The main thing I’d like to see is people not taking “swipes at their candidate” as insults personal to them or their intelligence! And also I’d like to see people go ahead and take their shots at a candidate without feeling the need to add on an actual personal insult of that candidate’s supporters!
Thanks. I appreciate the convo.
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