Originally Posted by Villages Kahuna

Richie, one of the rerasons that 9-9-9 will never see the light of day is the fact that on average a 9% tax rate will be a dramatic increase in taxation on American companies. Their costs would increase, as would their selling prices as the result of higher tax payments. A high percentage of American companies don't pay any tax at all. What do you think they're going to do when faced with the prospect of paying 9%? They will unlease their lobbyists on Washington like a large pack of mad dogs.

Again, look at the facts and do the arithmetic. Don't just listen to the nice-sounding campaign speeches. Other than Herman Cain himself, have you seen even one economist or someone or some organization knowledgeable in government finance who supports this plan? Even one? Even Grover Norquist was on TV this morning. No one is more conservative on fiscal matters than Norquist. He's on the far right of the Tea Party for crying out loud. He said that 9-9-9 was not only a bad idea, but could never be enacted into law.