I thought that was what Cain said about social security recipients on Huckabee. Perhaps I didn’t understand what Cain said.
However....
The information I provided about exemptions for families in low income minority neighborhoods comes from other sources, and I’m confident I have that correct.
Sorry if my post above was confusing on that.
Guess we need to check Huckabee for the senior info, but I’ve got this for the low income minority residents.
Here are the sources for Cain eliminating or reducing the tax burden for families in low income minority neighborhoods and his inclusion of enterprise and empowerment zones.
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Cain to reduce or eliminate the 9% national sales tax burden for low income families.
(Excerpt)
Lowrie says it’s just “Washington thinking” to look at whether modest-income Americans will wind up shouldering much more of the tax burden. He repeatedly refused to say how much more of the tax burden would be borne by the poor and middle class than under the current system. But he implicitly acknowledged the problem by saying that the campaign would “fix this” with a new empowerment-zone plan that would be laid on top of the 9-9-9 plan and would presumably lower taxes in inner cities. But how fair is that to people living elsewhere? And aren’t we back to more complexity?
(End of excerpt)
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Cain’s 999 plan to give tax credit to low income families to offset any national sales tax they may have to pay.
http://www.newsy.com/videos/analysis-will-cain-s-9-9-9-plan-work-is-it-fair/";>http://www.newsy.com/videos/analysis-will-cain-s-9-9-9-plan-work-is-it-fair/”>http://www.newsy.com/videos/analysis-will-cain-s-9-9-9-plan-work-is-it-fair/
Analysis: Will Cain’s 9-9-9 plan work? Is it fair?
October 13, 2011
Excerpt:
But a Wall Street Journal reporter rather bullish on the plan says that’s not the whole story — that Cain’s plan would take steps to avoid putting too much burden on the lower income.
“Herman’s plan has a hold harmless provision for low-income people. It’s kind of a tax credit to keep people below the poverty line from really being hit by these taxes. And yet, Herman himself is not talking about this at all. It may just not be a popular product for primary voters.”
In fact, Cain’s campaign website cryptically addresses this issue — without much detail. But he clarified a bit in the Wall Street Journal.
“My plan promotes enterprise zones, also known as ‘empowerment zones.’ Coupled with tax reform and monetary stabilization, empowerment zones would revitalize inner cities by providing tax credits to businesses that hire workers living and working in underprivileged areas.”
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The 999 plan to promote expanded federal empowerment zones (aka enterprise zones) to provide federally-chosen and federally-run services and entitlements to families living in low income minority neighborhoods”.
http://detnews.com/article/20110930/MIVIEW/109300301/Call-999-CAIN-to-rescue-Detroit
Call 999-CAIN to rescue Detroit
September 30, 2011
(Excerpt)
Cain also believes the 9-9-9 plan can be used as the basis for an idea he hopes will spur urban renewal. (Seriously . . . a Republican talking about urban issues. Take a second to wait for the room to stop spinning.) In a few weeks, Cain plans to unveil a concept for urban empowerment zones in which the 9s would be replaced by lower numbers. He is not ready to commit to 8-8-8, 7-7-7 or anything else specific because he’s still got his tax policy advisors running the numbers to see what would work. But he is convinced the idea can help bring about economic revival in the areas that most desperately need it.
(End of excerpt)
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Meet Herman Cain’s “Enterprise and Empowerment Zones” - Your new 9% national sales tax at work
http://www.mitchellmoss.com/articles/power.html
(Excerpt)
During the 1980s, liberals latched onto the enterprise zone concept. They discovered that it offered a way to channel money into impoverished urban communities, subverting the rationale for the enterprise zone by expanding, rather than reducing, government involvement.
snip
Congressman Charles Rangel of Harlem, then the third-ranking Democrat on the House Ways and Means Committee, was largely responsible for inserting the empowerment zone proposal into the 1993 act, which combined tax hikes for the rich with tax credits for the working poor. Before that. President Clinton had given up on any large-scale public investment program, after failing to pass an economic stimulus package that would have channeled federal money into communities acre’s the country
snip
The Harlem portion of the plan (empowerment zones) is a remarkable mix of programs to serve local needs for day care, education, social services, and health care, combined with a few large-scale physical development projects, like a new CUNY community college at the Washburn Wire Factory, that will not create private-sector jobs or attract private investment. For example, the proposal envisions a computerized drug referral system, security improvements in public housing, child-care program upgrades, “family preservation, development, and intergenerational programs,” a community health center, and a cadre of community empowerment zone organizers to assist residents in gaining access to empowerment zone - and other government - programs. The proposal also envisions a “Medicaid Entitlement Zone” that seeks to make every resident of the zone eligible for Medicaid. The proposal earmarks 23 percent of the federal empowerment zone funds for children and youth programs, 12 percent for health and substance-abuse programs, 6 percent for other social services, and 17 percent for local administration of the program - 58 percent of the total.
(End of excerpt)
That sounds a lot like the FairTax. “prebate” the tax money for essentials that the poor would have to pay.
You guys have to understand that one big reason that Cain sees this plan as ‘revenue neutral’ is because he’s seeig a massive up-tick in the economy. We’ll be taking in less taxes per person and per company, but revenue will go UP with the BOOM!
Thanks — you collected a lot of good info I was not aware of!
Before we know it, Cain’s “simple 999” will become as complex as the current tax code.
I see you are really down on “empowerment zones” and to a certain degree of what they had been I would agree. But with that said, we have not seen the details of his version.
So many arguments against his plans make the same fatal flaw as do politicians who use baseline budgeting. Existing government has proven not to work anywhere except in some DC cocktail party. Herman Cain knows this and with every other plan he has offered, is based on true market economics and not some ponzi scheme out of DC.
Lets admit that we are all guilty of voting in politicians who have gamed us and have really screwed up the inner cities all across our land. Maybe just a small payback for our indiscretions of party line politician voting, we give a hand up to get those areas working again and make damn well sure it is not a hand out that never stops giving. How many companies with the wherewitall to invest in inner city startups who would get a deal for their courage to go into the belly of the beast to at least get rid of the delapidated blocks of old buildings and build something new where these folks would see a different world along with a job and responsibilities of their own, for the very first time in their lives?
So why not just go straight to the horses mouth and ask that he begin to give the details of what he envisions empowerment zones to be and not make the leap that he will make it what the politicians have screwed up like every other initial good sounding plan of theirs has done?
I’d say it is far better than setting here projecting what is perceived and finding out what it is we really have to deal with and in such have a positive impact on altering that plan to a viewpoint that the candidate had not seen. Any good businessman never thinks he knows everything and is always looking for fresh ideas to capitalize on. Remember, leadership is the antithesis of one who is a pied piper.