Posted on 10/16/2011 11:50:50 AM PDT by Cincinatus' Wife
Herman Cain tested the national spotlight Sunday as the Republican presidential primarys newest front-runner.
Facing tough questions during a 25-minute one-on-one interview on NBCs "Meet the Press," Cain acknowledged that his plan to simplify the tax code would raise taxes for some people and clarified his position that he doesnt believe abortion should be an option in instances of rape and incest.
Scrapping the current federal tax code which he described as a 10-million-word mess would eliminate a host of invisible taxes and eventually reduce prices, Cain said.
Some economists have pointed out that Cains plan would shift the tax burden further from the rich to the poor and middle class.
"Some people will pay more. But most people will pay less," said the former Godfathers Pizza executive and a former chairman of the board of directors for the Federal Reserve Bank of Kansas City when pressed by host David Gregory about the effects of his tax plan.
Cain said the biggest appeal of his plan is its simplicity. The plan calls for a 9% personal income tax, a 9% corporate tax, and a 9% federal sales tax.
Video game enthusiasts have pointed out that Cains plan is the same tax schedule used in the computer game SimCity 4.
When asked how he would get the "9-9-9" plan through Congress, Cain said he would drum up public support.
The American people understand it and are going to demand it, he said.
Citing the simplicity of his positions and his conservative credentials, Cain said he doesnt think his front-runner status will peter out like other GOP candidates who surged in the polls only to fade away earlier this year.
I don't think Herman Cain will be a flavor of the week," he said.
(Excerpt) Read more at latimes.com ...
Great plan, let's depend on Congress to stop his executive orders, that has worked so well in the past.
You go first. You are the Romney Campaign bot...you are pimping for Kristol and the NYT...lying about Perry helping Romney.
We know who you, Kristol and NYT are helping.
If you even imply you haven't been quoting Kristol all over FR about Perry, you are a liar.
But I thought the idea was to pull back from the powerful centralized federal government and give power back to the states?
Our property taxes pay for our local schools, hospitals, safety, infrastructure.
Our sales tax supports things we need and approve spending on here in Texas.
Like the Romneybots, the Perry camp cannot make a case FOR their candidate, they can only trash talk all the other candidates.
No wonder your guy is dying in the polls.
From http://www.hermancain.com/999plan 9% National Sales Tax. Unlike a state sales tax, which is an add-on tax that increases the price of goods and services, this is a replacement tax. It replaces taxes that are already embedded in selling prices. By replacing higher marginal rates in the production process with lower marginal rates, marginal production costs actually decline, which will lead to prices being the same or lower, not higher.
Is that easier for you to read?
And then my all time favorite;
All I've see you do is go to all the Perry threads and post your Kristol quotes from the NYT...trying to help Romney!
You are the Romneybot.
Then you say, "No wonder your guy is dying in the polls.
You can't even decide who I'm for!
I'll help you out here...I'm a Perry supporter and his record speaks for itself...Jobs! Jobs! Jobs!...and it beats the heck out of RomneyCare and 9 9 9.
It seems the Perry fans support the current tax scheme. They just want to tweak it a bit.
Personally, I think a scheme where 50% vote to pay nothing, and to sponge off the other 50% - and those numbers are likely to soon hit 60/40 - is a scheme to ruin a country.
If we had a 9% sales tax, EVERYONE would scream if it went up. But right now, you can raise taxes and maybe only 10-20% will get hit - while the rest enjoy taking money they didn’t earn from those who did.
Seems obscene to me, but then, I’m not a fan of our tax system, nor of Mitt & Perry.
Thank you. In the interview Cain explained there are “hidden” “embedded” taxes up the process and delivery chain and that the businesses will lower their prices so that purchases on new items will remain the same or be lower due to his 9% corporate sales tax. How do you guarantee something like that?
I could not grasp how he planned to sell this to people living in states with property taxes and sales taxes that cover costs to live in those states — while adding the 9% federal sales tax on top of goods they buy (he made the distinction between new and old — so that rich would pay more — I guess they’ll be buying the new stuff).
It was unsettling to me that he said people are ignorant and don’t pay attention in one breath, and then in the next said people liked his 9-9-9 plan and it would get support because of it’s simplicity and that people could understand it.
He seems to put the onus on states to change and adapt to the federal 9% tax. How do you figure something like that out (sketch it out on a blank sheet to see what your bottom line 9% personal income tax will be?) — how do you compare it to what you are paying now?
A lot of devils in those details.
My mother instilled in me the notion that, figures don’t lie but liars can figure — and I can see the feds on the hill sharpening their pencils and happy to have at us in entirely new ways and we won’t know what’s in it until the bill is passed (to paraphrase Nancy Pelosi).
That's a lie, this plan raises taxes on the poor and middle class and does nothing to control Federal spending.
Abolish the IRS and the EPA, destroy the unions by outlawing withholding of dues from paychecks nationally,and attack the lawyers who drive up the cost of everything by instituting hard edged Tort Reform.
He can go get bent with new Federal sales tax while leaving the IRS and income tax in place.
Not to worry. I keep my tail feathers numbered for just such emergencies.
And the bottom line, you really DON’T know.
NO ONE knows.
No they aren’t. but somehow Cain doesn’t think the State Sales tax is relevent to the situation. I stopped listening at that point.
How does this do that? Do you think a fair tax or flat tax do that? This is the same concept. States are going to have to consider changes regardless of what system the federal government adopts. I never said or implied states (or counties or cities & towns) would lose their revenue streams. Why would they if they don’t now? Cain is talking about FEDERAL taxes. I’m sure I’ll still continue to pay state income tax, property tax, etc. Property taxes pay for local services here. States will manage their finances as they always have...independently based on what’s right for their state.
Cindie
I’m a AJC
American
Jewish
Conservative
Got a problem with that?
Because the Flat (federal income) Tax didn’t include a National Sales Tax on top of it.
There is a state ‘sales’ tax and state ‘income’ tax - both in some states - is his 9% personal tax supposed to replace that?
Dunno. You running for President?
So instead of avoiding the issue, have you read the books and run the numbers? Warning, there could be a quiz following your answer.
Why don’t you tell me how Romney and Perry are similar.
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