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To: SeekAndFind
As an employer, I agree with Cain's assessment. I calculate labor cost as a whole - including payroll taxes, state unemployment taxes, etc. Any reduction in the payroll tax will allow me to cover a larger percentage of health benefits or allow me to pass through a larger wage. Likely the former since that is a huge out of pocket expense for my employees and I (I cover 50%). I know I am not alone in the business community with this thinking.

On another note regarding the 9-9-9 plan. When taxes are pushed to the consumption side from the production side, they are not as easy to hide. Politicians won't be able to hide behind withholding increases every time they want to raise taxes. When you pay it out of your pocket every time you make a purchase, you will question what the government is doing with your money. Perhaps that is what is needed to keep so many people from being apathetic. I've always thought that if you made every citizen write a check every April 15th, you would see pitchforks running toward Washington. This does the same. Raising it wont be easy for politicians because the impact on the electorate will be immediate and universal.

16 posted on 10/17/2011 2:00:19 PM PDT by RobertClark (It's better to look goofy with a rifle, than civilized with an exit wound.)
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To: RobertClark

Absolutely right. Concerning employment the 15.3 number is the relevant rate and Cain is 100% accurate. These politifact people are left wing university and bureaucrat types who have no idea how the private sector operates. The way to get people hired is to lower the cost of employment and reduce the burden the government imposes on employers;less tax, less exposure to litigation, fewer mandates, less reporting, and get the government out of the credit allocation process.


60 posted on 10/17/2011 2:48:24 PM PDT by Old North State (Don't blame me, I voted for Pedro)
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