Quote:
Originally Posted by Villages Kahuna
CNBC's Lawrence Kudlow interviewed Rich Lowrie, Herman Cain's principal financial advisor, about the 9-9-9 plan which he devised. Lowrie, a retail financial advisor in a suburban Cleveland branch of Wells Fargo......
I don't think it'll be too long before we all find out the truth about the possible effects of the 9-9-9 plan, without even considering the fact that not one politician or political observer believes that 9-9-9 could ever be passed into law. Then we can get on with more realistic and serious options for addressing the U.S. fiscal crisis.
|
I have been waiting for discussion of the fact that Cain's 9-9-9 Plan is
Phase I of 2 phases for replacing the current disaster of a tax system. So far, nobody that I have seen has discussed that 9-9-9 is Phase I to bring immediate remedy to the current economic crisis, and then Phase II Cain would promote is the Fair Tax.
His web page on 9-9-9 leading to Fair Tax is here. Far more people than Lowry have been studying, refining and promoting the Fair Tax a lot longer than the 999 phase Cain promotes to pave the way to it.
"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."
http://www.hermancain.com/999plan
Cain explains Fair Tax in the May debate, here:
[ame]http://www.youtube.com/watch?v=Jg9fesMAvwA[/ame]