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View Full Version : Herman Cain Breaking! Architech of Cain's 9-9-9 plan says drop the sales tax!




jmdrake
10-19-2011, 01:54 PM
http://thehill.com/blogs/blog-briefing-room/news/188245-architect-of-cains-9-9-9-plan-says-he-should-drop-the-sales-tax

Restore America Now
10-19-2011, 01:57 PM
Hilarity.

phill4paul
10-19-2011, 02:02 PM
It's like comparing apples and oranges and bananas and grapefruits.

Original_Intent
10-19-2011, 02:08 PM
haha so if we can't sell a 9% consumption tax, where you control how much you are taxed, we'll sell a payroll tax instead.

Brian4Liberty
10-19-2011, 02:11 PM
I had speculated that Larry Kudlow (and his cohorts Art Laffer and Stephen Moore) had been Cain's economic advisers all along. Now confirmed.

CaptainAmerica
10-19-2011, 02:16 PM
Cains economic advisor sounds like a big government lover,cain...wants to hurt us badly with taxes.

bb_dg
10-19-2011, 02:18 PM
Cain will of course be a big government conservative, but the masses don't want to see that. They will still support him despite the change.

Sola_Fide
10-19-2011, 02:21 PM
What a joke this whole fiasco is...

flightlesskiwi
10-19-2011, 02:28 PM
well, sh*t. now i can no longer go on Cain's website, "look at [his] assumptions" and "do [my own] math" just like i'm sure the rest of america was planning on doing.

besides, i thought this 9-9-9 was a sure pass, because "the people want it."

this messes up my whole afternoon.

Sola_Fide
10-19-2011, 02:34 PM
I had speculated that Larry Kudlow (and his cohorts Art Laffer and Stephen Moore) had been Cain's economic advisers all along. Now confirmed.

Art's predictive powers are simply unmatched.

Danke
10-19-2011, 02:36 PM
http://www.youtube.com/watch?v=UtMC7bjOlIg&feature=related

Cowlesy
10-19-2011, 02:38 PM
Stephen Moore last night on Kudlow remarked that Cain should drop it; I am sure they're in touch.

SpiritOf1776_J4
10-19-2011, 02:39 PM
But I thought conservatives loved new tax schemes?

Steve-in-NY
10-19-2011, 02:40 PM
Stephen Moore last night on Kudlow remarked that Cain should drop it; I am sure they're in touch.
I agree, dropping out of the race is his best approach.

angelatc
10-19-2011, 02:41 PM
I had speculated that Larry Kudlow (and his cohorts Art Laffer and Stephen Moore) had been Cain's economic advisers all along. Now confirmed.

Wasn't Laffer with Paul last time around?

John F Kennedy III
10-19-2011, 02:44 PM
I agree, dropping out of the race is his best approach.

This.

dean.engelhardt
10-19-2011, 02:45 PM
Looks like the duration that Cain stands by his principles range between 3 weeks down to 10 seconds. He changed his stand on the 2nd amendment within a single interview. Electrified fence; for it one day, next day against it, next for it. He was the fair tax candidate, then the 999 candidate. Next week he will be telling us he never supported the 999 plan and we are remembering wrong. Don't forget his principled stand on negotiating with terrorist. Which ever stand he is taking today,

The one issue where Cain has never waivered? Government spending. He has never taken a stand to control runaway spending, and I don't think he will.

angelatc
10-19-2011, 02:46 PM
I’ve come to the conclusion that the American people and the voters do not want a national sales tax,” he said. “[Cain’s] going to have to replace that national sales tax with a 9 percent payroll tax. And if you do that, it’s a total winner.”

So, essentially this takes the payroll taxes from 15.2 to 9, and this would be a tax cut for everybody that fixes the whole economy. It's like magic!

ONUV
10-19-2011, 03:09 PM
Cain will of course be a big government conservative, but the masses don't want to see that. They will still support him despite the change.

they've settled on their guy and put the blinders on.

SpiritOf1776_J4
10-19-2011, 03:14 PM
So, essentially this takes the payroll taxes from 15.2 to 9, and this would be a tax cut for everybody that fixes the whole economy. It's like magic!

Hahaha.

No. Cain has a hidden tax here too, just like the sales tax. See Schiff's video.

The new taxable income is "gross" income, not net income. That means that corporations can't deduct payrolls from their income statements as expense, so there is already an effective payroll tax before adding another 9% to it.

Keith and stuff
10-19-2011, 03:34 PM
It's actually a really good idea if Cain wants to get votes. Unfortunately, Cain should have pushed this first. If he changes, he will look stupid. Also, I cannot imagine either plan being revenue neutral like Cain claims. Either way, Cain looks bad. He either lied and looks stupid or just lied.

LibertyEagle
10-19-2011, 03:41 PM
Cain will of course be a big government conservative, but the masses don't want to see that. They will still support him despite the change.

There ain't no such thing as a big government conservative. You are describing a Trotskyite (neoconservative).

flightlesskiwi
10-19-2011, 03:44 PM
It's actually a really good idea if Cain wants to get votes. Unfortunately, Cain should have pushed this first. If he changes, he will look stupid. Also, I cannot imagine either plan being revenue neutral like Cain claims. Either way, Cain looks bad. He either lied and looks stupid or just lied.

http://www.threadbombing.com/data/media/43/i_see_what_you_did_there.jpg

LibertyEagle
10-19-2011, 03:45 PM
Wasn't Laffer with Paul last time around?

No. There was another guy besides Schiff, until they got mad at each other. But, I don't think it was Laffer.

FreedomProsperityPeace
10-19-2011, 04:23 PM
9-9-9 is the foundation of Cain's house. If he gives ground on that, the whole thing comes down. His supporters have seemed willing to overlook all his other flaws because 9-9-9 was such a "strong plan". If that doesn't even hold up, what does he have?

SpiritOf1776_J4
10-19-2011, 04:30 PM
This should be drudged

Brian4Liberty
10-19-2011, 04:48 PM
Wasn't Laffer with Paul last time around?

I don't recall Laffer ever endorsing Ron. He certainly sat around with Kudlow and laffed at Schiff. ;)

roho76
10-19-2011, 04:50 PM
Can't we just all get along?

http://musiciancoaching.com/wp-content/uploads/2011/01/apples-and-oranges.jpg

low preference guy
10-19-2011, 04:52 PM
Wasn't Laffer with Paul last time around?

Don Luskin?

http://4.bp.blogspot.com/_xlGBqqM0muE/TSAf0TrN_MI/AAAAAAAAFSU/L4tChRi64mo/s200/Screen+shot+2011-01-02+at+12.02.43+AM.png

Chieppa1
10-19-2011, 04:53 PM
Can't we just all get along?

http://musiciancoaching.com/wp-content/uploads/2011/01/apples-and-oranges.jpg

Amazing.

RDM
10-19-2011, 04:57 PM
9-9-9 is the foundation of Cain's house. If he gives ground on that, the whole thing comes down. His supporters have seemed willing to overlook all his other flaws because 9-9-9 was such a "strong plan". If that doesn't even hold up, what does he have?

Free Pizza for your vote!!!

musicmax
10-19-2011, 05:01 PM
Can a mod please correct the spelling of ARCHITECT?

Brian4Liberty
10-19-2011, 05:04 PM
Here's Art Laffer in 2006. No way was he was associated with Ron Paul.


http://www.youtube.com/watch?v=LfascZSTU4o

Brian4Liberty
10-19-2011, 05:23 PM
Don Luskin?

http://4.bp.blogspot.com/_xlGBqqM0muE/TSAf0TrN_MI/AAAAAAAAFSU/L4tChRi64mo/s200/Screen+shot+2011-01-02+at+12.02.43+AM.png

Yeah, that's probably it. Luskin was more of a Ron supporter. He does look a little like Laffer. :eek:

torchbearer
10-19-2011, 06:53 PM
Hahaha.

No. Cain has a hidden tax here too, just like the sales tax. See Schiff's video.

The new taxable income is "gross" income, not net income. That means that corporations can't deduct payrolls from their income statements as expense, so there is already an effective payroll tax before adding another 9% to it.

businesses don't really pay the tax, consumers pay it in increase cost.
so you have a 9% increase in price that is then taxed an 'additional' 9% on top of the other sales taxes already in place.

libertybrewcity
10-19-2011, 07:39 PM
Cain will probably stick with his plan. He has already pushed it this far. It has been, what, 9 debates that he's had this plan? He keeps getting torn up and more facts against it keep appearing. More fuel to the fire!