Have You Looked At Herman Cain's 999 Plan??

dieseldiva · Oct 2, 2011

I haven't seen too much said here about Herman Cain's 999 plan so it makes me wonder if you've looked at it and what your opinions are.......

Herman Cain's 999 Plan

Vision for Economic Growth

The natural state of our economy is prosperity. Freedom ensures that.
We must get the government off our backs, out of our pockets and out of our way in order to return to prosperity.
Policy uncertainty is killing the economy.
Economic Guiding Principles

Production drives the economy, not spending.
We can not spend our way to prosperity.
Government spending IS taxation.
Government spending is like taking a bucket of water from the deep end of the pool, pouring it in the shallow end. Then they HOPE that the water level will CHANGE.
Risk taking drives growth .
Business formation and job creation are dependent on entrepreneurs taking risks.
Investors who fund those entrepreneurs likewise take risks.
Measurements must be dependable.
A dollar must always be a dollar just as an hour is always 60 minutes.
Sound money is crucial for prosperity.
We Must Unite Not Divide

When one party seeks to spend so that the other party must focus on cutting, we must unite around economic growth.
Unite all tax payers, don’t divide them into “income” tax payers vs. “payroll” tax payers.
Unite those wanting to eliminate deductions with those seeking lower rates.
As a first step, unite the “Flat-Taxers” with the “Fair-Taxers”
Economic Growth is the Key

This is the worst recovery since the Depression.
If the President’s goal was to tie for last place with the previous worst recovery, he failed by 6 million jobs.
If we had a typical recovery, 13 million more Americans would be employed today.
That means more tax revenue, less government spending and 13 million less people opposed to reasonable spending cuts.
The Super Committee must deliver a robust growth solution.
America can’t wait for 2012, we need growth NOW
Phase 1 - 9-9-9

Current circumstances call for bolder action.
The Phase 1 Enhanced Plan incorporates the features of Phase One and gets us a step closer to Phase two.
I call on the Super Committee to pass the Phase 1 Enhanced Plan along with their spending cut package.
The Phase 1 Enhanced Plan unites Flat Tax supporters with Fair tax supporters.
Achieves the broadest possible tax base along with the lowest possible rate of 9%.
It ends the Payroll Tax completely – a permanent holiday!
Zero capital gains tax
Ends the Death Tax.
Eliminates double taxation of dividends
Business Flat Tax – 9%
Gross income less all investments, all purchases from other businesses and all dividends paid to shareholders.
Empowerment Zones will offer additional deductions for payroll employed in the zone.
Individual Flat Tax – 9%.
Gross income less charitable deductions.
Empowerment Zones will offer additional deductions for those living and/or working in the zone.
National Sales Tax – 9%.
This gets the Fair Tax off the sidelines and into the game.

Phase 2 – The Fair Tax

Amidst a backdrop of the economic boom created by the Phase 1 Enhanced Plan, I will begin the process of educating the American people on the benefits of continuing the next step to the Fair Tax.
The Fair Tax would ultimately replace individual and corporate income taxes.
It would make it possible to end the IRS as we know it.
The Fair Tax makes our exported goods and services the most competitively internationally than any other tax system.
Phase 1 Enhanced Plan – Summary

Unites all tax payers so we all pay income taxes and no one pays payroll taxes
Provides the least incentive to evade taxes and the fewest opportunities to do so
Lifts a $430 billion dead-weight burden on the economy due to compliance, enforcement, collection, etc.
Is fair, neutral, transparent, and efficient
Ends nearly all deductions and special interest favors
Ends all payroll taxes
Ends the Death Tax
Features zero tax on capital gains and repatriated profits
Lowest marginal rates on production
Allows immediate expensing of business investments
Eliminates double taxation of dividends
Increases capital formation. Capital per worker drives productivity and wage growth
Capital formation will aid capital availability for small businesses
Features a platform to launch properly structured Empowerment Zones to revitalize our inner cities
We all know the Fed has tripled the money supply since 2008. They have been printing money out of thin air to finance the Obama spending machine. While true Fed reform that restores sound money may have to wait for my election, the best thing we can do now is to pursue policies that increase the DEMAND for dollars to help mitigate the risks associated with the increase in the supply.
Pro-growth economic policies equal a strong dollar policy

skyraider · Oct 2, 2011

dieseldiva said:
I haven't seen too much said here about Herman Cain's 999 plan so it makes me wonder if you've looked at it and what your opinions are.......

Well I have not read what Obama Care is all about yet.Im still on page 456.

chefdennis · Oct 2, 2011

vI have heard Herman on this plan everal times and the last time was with the Lib, alan colmes...as you cna imagine, the libs are against it because it is unfair for the poor to have to pay the same 9% on purchases and a 9% flat tax a the rich do...its the same old lib left whine, the rich aren't paying the "fair share"....you know, because they have more, they should pay more....

layoutshooter · Oct 2, 2011

chefdennis said:
vI have heard Herman on this plan everal times and the last time was with the Lib, alan colmes...as you cna imagine, the libs are against it because it is unfair for the poor to have to pay the same 9% on purchases and a 9% flat tax a the rich do...its the same old lib left whine, the rich aren't paying the "fair share"....you know, because they have more, they should pay more....

Who ever said life was fair anyway? I am totally sick and tired of covering for those who won't carry their own weight. Seen it AGAIN when I was home. A woman with 3 dozen cupcakes, from the bakery, for her granddaughters birthday, paying with her welfare money. That is just, plain, WRONG. Of course she then took out CASH from her purse to buy cigarettes. IF she can afford a total LUXURY like cigs, she can afford to buy the cupcakes too.

Pilgrim · Oct 2, 2011

You remember "the definition of what 'IS' is? Then what is the definition of "FAIR"? Is it FAIR that the top 10% of wage earners pay roughly 70% of all the income taxes collected, while the lower 46% of wage earners pay no income taxes? Or course they pay other taxes like FICA, MediCare, etc - everybody pays other taxes that no one seems to mention, but how much should the "RICH" have to pay to make things "FAIR"? Neither Barack Hussein Obama nor anyone else seems to have an answer. Personally, I think Cain is on to something and is the only candidate promoting an understandable plan that makes sense to put everyone on the same level. If the top 10% pays the same percentage as the bottom 10%, then that sounds like fair when all the loopholes and deductions are eliminated and everyone plays and pays by the same rules.

xiggi · Oct 2, 2011

I like that he is actually talking about changing our tax system. I don't like that he calls it a stepping stone to a fair or flat tax system. I would rather take one giant step and get to the flat tax from the start. That being said I realize that might not be possible with politicians today so maybe this is the best route to take.

Freightdawg · Oct 2, 2011

At least he has a plan!!!

Tennesseahawk · Oct 2, 2011

I like Herman Cain as a candidate. However, he says nothing about the Fed, other than it doesn't need to be audited. Reality says he's a Fed junky. Reality also says everyone running, with the exception of Ron Paul, will be a Fed junky, if they aren't already.

So what's to lose by voting for him? He's the same as almost everyone else in one aspect. In all other aspects, he excels. I'd love to see him kick Obama to the curb... first in the debates, then in the election!

layoutshooter · Oct 2, 2011

It will be hard to beat Obama in a debate, UNLESS, the debates are NOT scripted, they have NO idea what questions are going to be asked, they as REAL questions and NO teleprompters are used.

He could not handle reality if put to him. In an honest debate and 4 day old night crawler could beat him.

xiggi · Oct 2, 2011

Tennesseahawk said:
I like Herman Cain as a candidate. However, he says nothing about the Fed, other than it doesn't need to be audited. Reality says he's a Fed junky. Reality also says everyone running, with the exception of Ron Paul, will be a Fed junky, if they aren't already.

So what's to lose by voting for him? He's the same as almost everyone else in one aspect. In all other aspects, he excels. I'd love to see him kick Obama to the curb... first in the debates, then in the election!

He does say he see's no need for an audit but also says he would not stop one if congress voted for it.

Tennesseahawk · Oct 2, 2011

xiggi said:
He does say he see's no need for an audit but also says he would not stop one if congress voted for it.

That's cause he knows it will never happen. The Fed gives campaign contributions too. And I'm sure enough elected officials are bought and paid for by the banksters, to never have this happen. It would have to be up to the states to make an amendment to the Constitution. But we all know they're bought and paid for by Congress.

dieseldiva · Oct 3, 2011

layoutshooter said:
It will be hard to beat Obama in a debate, UNLESS, the debates are NOT scripted, they have NO idea what questions are going to be asked, they as REAL questions and NO teleprompters are used.

He could not handle reality if put to him. In an honest debate and 4 day old night crawler could beat him.

That would depend on who is sponsoring and moderating the debate as well. Such a big deal was made about the question put to Rick Perry concerning the number of executions in the state of Texas and the crowds response to his answers that no one bothered to report ON THE QUESTION and whether it would have been asked of a democrat.

Example question to Obama or generic democrat: Millions of unborn babies have been slaughtered while still in the womb and some have survived botched abortions only to be left to die with no medical treatment, a decision that you supported while in the IL senate (or other position), do you have trouble sleeping at night because of the support you've given to these procedures?

How soon do you think we'll see a question such as the above asked of a democrat candidate? So even the debates are rigged.

greg334 · Oct 3, 2011

The problem with his plan, it is a compromise and the hybrid flat/fair tax won't work. If we are going to shift from a source of revenue at the point of creation to the point of purchase, it has to be a complete shift, not a partial shift.