posted on Oct, 13 2011 @ 02:13 AM
like the most NeoRepublicans that are running, Mr Cain favors increasing taxes on the poor and cutting them for the rich.His plan 999 reflects
Here's Bartlett's analysis
"First, the 9-9-9 plan is actually an intermediate step in Mr. Cain’s plan to overhaul the tax system and jump-start growth. Phase 1 would reduce
individual and business taxes to a maximum of 25 percent, which I assume means reducing the top statutory tax rate to 25 percent from 35
"Other business entities — sole proprietorships, S corporations (which have between 1 and 100 shareholders and pass through net income or losses
to shareholders) and partnerships — would not benefit because they are not taxed on the corporate schedule. But they represent 92 percent of all
"And here’s the kicker in the Cain plan. Phase 2 is merely a transition to yet another fundamental tax reform. In Phase 3, the United States
would adopt the so-called Fair Tax, which would replace all federal taxes with a 30 percent sales tax on all goods and services. In a previous post, I
explained why the Fair Tax is a bad idea. I went into more detail in testimony before the House Ways and Means Committee on July 26."
"At a minimum, the Cain plan is a distributional monstrosity. The poor would pay more while the rich would have their taxes cut, with no guarantee
that economic growth will increase and good reason to believe that the budget deficit will increase.
Even allowing for the poorly thought through promises routinely made on the campaign trail, Mr. Cain’s tax plan stands out as exceptionally ill
Heres the link to Bartlett's analysis Link
In Short Cain's i should say he is ignorant of the 25M underemployed and retired who are gonna get trampled and yes even on the poor and middle class
and also did you know How many times Cain Said 999 Plan at the GOP Debate On Tesuday?
Herman Cain's "999" was mentioned 85 times during the debate on Tuesday
Cain mentioned the 999 85 times during the debate, i think you should spread this message to any americans who plan on voting in next year primary
Heres more on Cains 999 Plan
Herman Cain consultant: 9-9-9 wouldn't be accepted
From the link it notes
Cain’s chief economic adviser, a Cleveland-based wealth manager for Wells Fargo who is not a trained economist.
The Mainstream News Networks sure love the plan dont they? Herman Cain is a fraud by the elites.
edit on 13-10-2011 by Agent_USA_Supporter
because: (no reason given)