Quote:
Originally Posted by buggyone
Herman Cain's 9-9-9 tax plan is just pie in the sky. It sounds good, it looks good, but it ain't gonna happen.
Remember that any plan such as this would have to make its way through Congress. Remember that lobbyists are extremely powerful critters in Washington and if enough lobbyists get to their Congressmen, something will or will not happen.
In the 9-9-9 plan, who would be hurt by it? The IRS, of course, and they have massive lobbying power. Also, the tax attorneys and tax accountants would be hurt. Once again, very powerful lobby groups.
I would also guess another group who might be hurt would be large item retailers such as the automobile industry. We know their lobby power.
Once again, to RichieLion's sorrow, I predict Herman Cain will not be your Republican nominee.
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There's no sorrow if Cain doesn't get the nomination. There's other's I can support, and will support whoever prevails.
Just because I like to talk about and debate someone who is not a cookie cutter politician doesn't mean I'm a groupie.
You keep forgetting when you trash the Fed. Sales Tax provision of the plan that people will have more money in their pockets in the first place. Most middle class American's will go from around 30% to 9% tax if the plan passed.
I'm not 100% in support of this plan, but it's a radical idea that I think needs discussion. On the whole, it's easily understandable (except to the haters who trash any and every idea that originates from a Republican, and who continue to misunderstand it's simple concept), and that's what's resonating with people, including me.