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To: Fred

Cain’s 999 plan will resonate with many Americans who trust him to make it happen as he says it will.

If you don’t have “a plan”, you’re damned. If you do have a plan, like Herman Cain does, you set the agenda and guess what everyone is going to be talking about?

Mr. Cain is demonstrating the kind of brilliance that is seldom seen in politics, and we’re lucky he’s in the race.


26 posted on 10/11/2011 8:47:32 PM PDT by bigbob
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To: bigbob

999 is FAR from ‘brilliance’.


97 posted on 10/11/2011 11:19:56 PM PDT by griffin
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To: bigbob

999 is an empty chant like O baaaaa maaaa.

Conservatives (with the exception of some in Palin lonely hearts club) don’t do mantras to idols. They are going to listen to the pros and cons on 999. The vetting is just starting. It’s easy to tear down and he’s standing full weight on it. It’s the centerpiece of his economic plan.

Michelle and Perry are both saying they will reduce the scope of the Federal government by reactivating the tenth amendment. Both said they will repeal Obamacare.


113 posted on 10/12/2011 12:43:11 AM PDT by SaraJohnson
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To: bigbob
Cain’s 999 plan will resonate with many Americans who trust him to make it happen as he says it will.

Senior citizens now pay no income taxes on Social Security benefits as long as they have no other income. Cain's plan imposes a 9% national sales tax on their purchases, resulting in an immediate 9% reduction in their spending power. Cain's plan will not resonate with them.

For a family of four making the median family income of $49,500, that family takes home $46,088.25 after taxes, and their employer(s) paid $3,786.75 in FICA taxes. Under Cain's plan, that same family takes home $45,045 after taxes, and their employer(s) pay $4,455 in corporate taxes. Also, that family is now subject to the national sales tax, which reduces their spending power to around $41,000. Cain's plan will not resonate with them.

A small business that operates at a loss pays no corporate tax now. A small business that makes no profit because the owners take any profits at the end of the year pays no corporate tax now. Each business pays 7.65% in FICA taxes on its payroll. Under Cain's plan, each business would pay 9% in corporate taxes on its payroll because payroll is not a business deduction under Cain's plan. Cain's plan will not resonate with those business owners.

For large businesses, some would see their taxes increase, while others would see their taxes decrease. Most large companies don't have a 35% tax bill on their profits, though.

This doesn't even include "the poor." The point is, there are lots of voting blocks that see their taxes go up under Cain's plan, and it is flat-out dumb to impose a new national sales tax on Americans without eliminating income taxes or at least guaranteeing that income taxes cannot ever be raised (Constitutional amendment).

And I'm sorry, but it's just silly to say Americans will trust Cain to make it happen just like he says, since Cain can't do anything without Congress.
126 posted on 10/12/2011 5:50:17 AM PDT by DTxAg (The Presidency is not an entry-level position.)
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