Posted on 10/21/2011 12:29:30 PM PDT by Evil Slayer
Republican presidential candidate Herman Cain said on Friday that poor Americans will not have to pay the 9 percent flat income tax under his now-famous “9-9-9” tax reform plan.
During a speech in front of a vacant train depot in Detroit, the former Godfather’s Pizza CEO staunchly defended his signature tax proposal from critics who say it will raise taxes for lower-income Americans.
Cain’s plan would throw out the current tax system in favor of a 9 percent corporate tax, a 9 percent income tax and a new 9 percent national sales tax.
He said Friday that poor people under his plan would be exempt from paying the income tax.
“If you’re at or below the poverty level, your plan isn’t 9-9-9,” Cain said. “It’s 9-0-9.”
The former pizza executive also unveiled his proposal on Friday for “opportunity zones” to help “renew distressed inner cities.” His proposal includes offering tax exemptions to businesses that invest in these zones.
(Excerpt) Read more at dailycaller.com ...
This fool is making up stuff as he goes along. What a joke.
Doubt he ever thought he'd get this far. I bet Cain had just planned his candidacy to help push the party to the right and promote his book. Now that people are taking him seriously, he has to go back and rework stuff like 999 because it can't possibly stand up to scrutiny.
By the time he's done amending it, 999 will look nothing like the simplistic plan it was originally designed to be.
They would still have to pay the 9% sales tax, and several others who aren’t paying taxes for whatever reason (those above the poverty level) will have to pay now.
“They are still paying the sales tax.”
Not in his ghetto empowment zones. 999= total fail.
I’m not for or against 999 but Cain’s logic seems to get so convoluted when he attempts to answer critics. Not just on 999 but other issues such as abortion. Not ready for primetime?
Yes they are, it isn’t 0-0-0.
It is 9-0-9. 9% business, 0% income, 9% sales.
Your post = total fail.
And besides, I want a new leader of the free world and a moral leader, not an amateur tax accountant.
Just one more nail in the Cain Campaign Coffin.
Next thing you know, he’ll be calling more people than just Rick Perry “racist.”
Much spending needs to be cut. Federally funded, local regulatory (environmentalist), anti-family and other frivolous/counterproductive offices need to be closed. Useless/damaging federal funding to leftist locales is stopped at the federal level.
Exceptions and waivers make Cain’s 9-9-9 not much better than the existing monstrosity.
In a few years of accumulated waivers and exceptions, it will have thousands of pages, and require a bureaucracy to oversee.
Sort of like the progressives’ stuff — it looked good on paper, but then comes the unintended consequences.
The House is the SOLE writer of our tax codes; GOD help us.
Then it goes to the Senate.
Then, once the two Houses play around with it all, the final BILL goes to the president.
There was NEVER the slightest possibility that this screwed up, badly thought out, even worse "explained", by Cain, himself, POS daydream for the terminally gullible, was going to become the law of the land. And Cain's"promise" that none of the taxes would ever go up, is simply a lie.
Exactly! The poor need to pay their “fair share!”
Wrong. He changed that one a couple days ago to 333 in the ghetto zones. Now I guess it will be 303 there. Who knows what it will be tommorow in this ‘make it up as you go’ “Plan”.
Come on learn how to take a joke, the 9-9-9 was a joke and now the serious tax plan is coming from the joker Cain, and then that serious tax plan would be a joke as well and another serious plan would come after… rinse, repeat, etc… The important thing is that America needs to learn how to take a joke. Now let us all chant, Hermintor, Herminator, Herminator, Pizza, Pizza, Pizza, 9-9-9, 9-0-9, 19-14-14, 22-17-19,…
Cain has NO idea how to run for an elected office,now, and obviously he didn't, when he lost his primary to run for the Senate.
He isn't an economist and even though he ran businesses, that doesn't mean that he understands HOW our government works. And his advisers aren't do him any favors.
He doesn't even understand this plan and can't explain it, nor even do anything but backtrack on everything he says.
I'm sure that he is a nice man, but he should NOT be running for president;especially since he is so damned unprepared in so many different topics!
NO he didn’t.
He’s shockingly less ready than most assumed.
Once he finishes fine tuning it we will have essentially the same income tax plan we now have along with with a new sales tax to boot!
Stay away from it and concentrate on cutting spending instead of catchy named new tax plans to collect more taxes.
I swear some of you people just are dumb. How are you going to win an election with ads saying your going to raise taxes on the poor. We all still get 9/9/9 and we all still get a better tax system. The idea is for people to pay less in taxes
You guys are willing to throw this tax plan out the window because those who don’t pay taxes still won’t pay income tax but are still paying a sales tax. The idea is to eliminate the income tax anyway
Them not paying hurts you in no way and you still pay much less...you guys sound like liberals saying you want people to pay more in taxes.
I swear today the site is filled with dunces who don’t know how to win an election!
Rick Santorum’s idea is better: “What’s wrong with 0-0-0?”
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