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Herman Cain's 999 Plan (QA by Rich Lowrie) [Outstanding explanation of 999 - JR]
C-SPAN ^ | 11/5/11 | Rich Lowrie

Posted on 11/06/2011 5:21:00 PM PST by justsaynomore

Rich Lowrie talked about 2012 Republican presidential candidate Herman Cain's 9-9-9 tax proposal to replace the current federal tax code, which he helped write. He also responded to telephone calls and electronic communications.

C-SPAN Radio's Bobbi Jackson read news headlines at the end of the program.


TOPICS: Business/Economy; Front Page News; Government; News/Current Events; Politics/Elections
KEYWORDS: 999; cain; elections; hermancain; richlowrie
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To: goldstategop
but people are ready to try something different.

I don't think that's a wise thing to say - it reminiscent of the comments from the liberals in '08. But who says history doesn't repeat itself.
41 posted on 11/06/2011 10:49:22 PM PST by presently no screen name
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To: goldstategop

Adding a new tax is never a good idea. These taxes will not stay at 9%. No way.


42 posted on 11/06/2011 10:56:20 PM PST by Pining_4_TX ( The state is the great fiction by which everybody seeks to live at the expense of everybody else. ~)
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To: justsaynomore

By taxing income and consumption virtually everything is taxed twice—violating a supposed reason to change the tax code.


43 posted on 11/06/2011 11:06:21 PM PST by 9YearLurker
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To: justsaynomore

nein nein nein


44 posted on 11/07/2011 12:19:41 AM PST by patriot08 (TEXAS GAL- born and bred and proud of it!)
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To: justsaynomore; ntnychik; dixiechick2000
Rich Lowrie is very clear in his explanation of the plan, its premises and its promise.

While it was scored independently to be revenue neutral, its effect will be to pull out 40% of tax and replace it with 27% (9, 9, 9).

Production, not spending, drives productivity.

In Iowa Democrat Boswell is braying about Cain on Whirlpool's board when it moved production and cost local jobs.

This is why America is failing: If business costs 35% here but 17% abroad, the business goes where the regulatory and tax burden is less.

Obama is a pure Marxist: take, take, take--ostensibly for redistribution, but obviously for confiscation's sake.

Rich Lowrie has infinite patience with whiners with partisan axes to grind.

He even rebuffed the saccharine and glutinous shrew Bobbi Jackson's demeaning of his credentials.

We have a Harvard "educated" president--what has it got us but the biggest debt growth and job loss of the Republic.

Nice point that progressive tax drives boom/bust and inflated spending during increased revenue which distorts budgets.

Let's just say Democrats are the vampires so popular of late with the fantasy-preferring youth.

Hope and change: take a bucket form the deep end of the pool and pour it in the shallow, hoping the level will rise.

We're fortunate to have Rich Lowrie and Herman Cain explaining how prosperity is created: by risk-taking which only occurs with reduced regulation and taxation.

Say, does it sound like Ronald Reagan here. . . .


45 posted on 11/07/2011 2:12:11 AM PST by PhilDragoo (Hussein: Islamo-Commie from Kenya)
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To: AWatchfulEye
Quote from Herman Cain with link to source

The nation needs its tax structure reformed, its spending brought under control, its debt reduced and its overall governing structure made far more responsive to the needs of the people. The nation needs many other problems addressed. If it’s OK with the American people, I would like to address them.

46 posted on 11/07/2011 5:21:03 AM PST by ptsal
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To: Pining_4_TX

It is not an additional tax, it is a replacement tax.

Did you listen to the interview?


47 posted on 11/07/2011 6:05:59 AM PST by justsaynomore (Pray for Herman Cain)
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To: justsaynomore

He is adding a national sales tax (or is it a vat?) to the other taxes. No?


48 posted on 11/07/2011 9:15:53 AM PST by Pining_4_TX ( The state is the great fiction by which everybody seeks to live at the expense of everybody else. ~)
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To: Pining_4_TX

Watch the interview.


49 posted on 11/07/2011 9:16:38 AM PST by justsaynomore (Pray for Herman Cain)
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To: justsaynomore

Bump


50 posted on 11/07/2011 11:29:35 AM PST by tutstar
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