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Herman Cain's 9-0-9 Plan
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<blockquote data-quote="wkmac" data-source="post: 892147" data-attributes="member: 2189"><p>I'm conceding what you say in your first post as direct/factual from the Cain campaign so after reading your post again I can see where the above is true. But then this doesn't change the 999 plan to 909 because quoting you in your first post,</p><p></p><p></p><p></p><p>so these folks never factored into the revenue neutrality in the first place. Cain is right that this would make either version revenue neutral. But more important, this doesn't change the 999 plan at all because the same people liable for income before will now still be liable for the new 9% income tax rate so the 999 plan is still fully intact. To me this appears to be a campaign gimmick ie 909 with the intent to appear to give something that was already there to begin with and to make others think they are getting something when it's not true.</p><p></p><p>The fact is now even more apparent that the taxes of the poor will in fact go up as will many in the middle class as many even now pay a net income tax around the 9% mark so a 9% sales tax would also be a net tax increase towards a net tax rate of 18% and that is a tax increase. I heard Cain would be on Neal Boortz yesterday during the 12 to 1 pm hour and Cain flat out admitted the 999 plan was a stepping stone to the FairTax which was not new as this has been admitted before. Cain should publicly and openly state this instead of letting it dance around the shadows but then this suggests like others, he too has problems with transparency.</p></blockquote><p></p>
[QUOTE="wkmac, post: 892147, member: 2189"] I'm conceding what you say in your first post as direct/factual from the Cain campaign so after reading your post again I can see where the above is true. But then this doesn't change the 999 plan to 909 because quoting you in your first post, so these folks never factored into the revenue neutrality in the first place. Cain is right that this would make either version revenue neutral. But more important, this doesn't change the 999 plan at all because the same people liable for income before will now still be liable for the new 9% income tax rate so the 999 plan is still fully intact. To me this appears to be a campaign gimmick ie 909 with the intent to appear to give something that was already there to begin with and to make others think they are getting something when it's not true. The fact is now even more apparent that the taxes of the poor will in fact go up as will many in the middle class as many even now pay a net income tax around the 9% mark so a 9% sales tax would also be a net tax increase towards a net tax rate of 18% and that is a tax increase. I heard Cain would be on Neal Boortz yesterday during the 12 to 1 pm hour and Cain flat out admitted the 999 plan was a stepping stone to the FairTax which was not new as this has been admitted before. Cain should publicly and openly state this instead of letting it dance around the shadows but then this suggests like others, he too has problems with transparency. [/QUOTE]
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