Back to the Headline of this thread. There is one more avowed supporter of the Herman Cain 9-9-9 Tax Plan. That person is Republican Representative and Economic Guru, Paul Ryan. Adds a little more credibility to this plan in my opinion.

http://dailycaller.com/2011/10/13/pa...-9-9-tax-plan/

Originally Posted by ilovetv

I think you hit the bullseye with this one: "I believe a Cain/Rubio combination could be a crusher."

With all the legitimate concerns about the 9-9-9 plan, I think people are forgetting that any proposal like this by a candidate always ends up being a starting point in Congress, not a law imposed by Executive Order on Day 2 of the new president in the oval office.

I think also that people forget about MOTIVES and honesty of the candidate. I think Cain is a godly man whose motives are pure, and all in favor of keeping the America we love intact......ONE nation, under God.

Cain is a godly man whose motives are pure..........that's where I am at you also vould have used the adjective "sincere" when describing Cain

Just thinking ahead to a flat 9% income tax. Not that I'd mind, but what would become of the IRS? How about H&R Block and other tax services? How many jobs would be lost? What about donations to charities you now can't get a deduction from?
I'm for a flat income tax but don't know about the 9%. Cains 9-9-9 plan makes sense, but those numbers seem too convenient. Why not 8.5--9.2--6.6% They really have to research these numbers better. I don't mind paying the same as now, but not a lot more.

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.

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.

Yea, but it would be nice to have someone in the White House who can think outside the box. Heck, it would be nice to have someone in the White House who can think.

Yes, it IS good to have someone in the White House who can think - especially after 8 long unthinking years of Junior Bush.

Originally Posted by rubicon

...Newt is the smartest of them all. a great idea man but he keeps shooting himself in the head....

A lot of people forget history. I try not to. In this instance, I'm sure Newt Gingrich would like to avoid any discussion of his role in de-regulating the banks, a move which ultimately lead to the financial crisis of 2007-8.

In 1999, Gingrich was the Speaker of the House in the 105th Congress and along with Senate Majority Leader Trent Lott and Senator Phil Gramm of Texas, jammed thru legislation that repealed the Glass-Steagall Act of 1932. Glass-Steagall was the law that separated commercial banks from investment banks, prohibiting commercial banks from becoming involved in trading and the use of exotic financial products using the capital of the banks to leverage into those new and highly risky businesses and products.

Both houses of Congress were heavily lobbied by the banks, who wanted the prohibitions on them becoming involved in those highly profitable but risky businesses lifted. The commercial bankers desperately wanted a piece of the huge bonuses being earned by the Wall Street investment bankers.

The repeal of the laws and regulations that for 70 years had kept the U.S. banking system strong and safe and capable of providing the credit needed for a strong economy was the "beginning of the end" and lead to the almost complete failure of our banking system less than ten years later.

I'm sure Gingrich wouldn't want to be questioned on his role in getting the repeal of Glass-Steagall jammed thru the House. That's a part of his personal history that I'm sure he'd like to forget...and he'd certainly like us to forget!

Originally Posted by villagegolfer

Yea, but it would be nice to have someone in the White House who can think outside the box. Heck, it would be nice to have someone in the White House who can think.

Good one VG

Ran into an old friend today. He's a dyed in the wool Dem who never missed an opportunity to bash Bush to me. Found out some interesting information from him tho. He said that he is tired of government hand outs to lazy people "at the bottom" and he is tired of big corporations not paying tax. He then said that he bet I'm on Romney's band wagon. I told him I think Romney is not much better than who we have in WH now, so he asked who i am backing. I told him Cain and told him bout 999. As we were parting, he asked me what Cain's name was again, I said Herman Cain and he wanted to check him out because he likes what he's heard and maybe we have more in common than we thought!!!!!!

OOOPS! Had to edit this post because I failed to mention that the guy mentioned works for GE!

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.

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.

How is Cain's 9% Federal Sales Tax different than a VAT that European countries have - and that most politicians say they do not want?

Anything that most politicians don't want can't be all that bad

Originally Posted by RichieLion

Back to the Headline of this thread. There is one more avowed supporter of the Herman Cain 9-9-9 Tax Plan. That person is Republican Representative and Economic Guru, Paul Ryan. Adds a little more credibility to this plan in my opinion....

Geez, Richie, Paul Ryan didn't say he was an avowed supporter of the 9-9-9 plan. What he said (quoted from the article you linked) was, "...Cain’s plan is a good starting point for debate, and shows the GOP presidential campaign season has entered into a more advanced stage where ideas — not just personalities — have come to the forefront...."

Ryan went on to say that Cain's plan was credible and that he (Ryan) is more of a flat tax kind of guy. Guess what, I'd be in favor of a flat tax too. But it would have to be contained in a tax regime that makes more sense that 9-9-9.

But getting back to your assertion that Ryan is an "avowed supporter" and that such support lends credibility to the plan. It seems to me that what Ryan said was that Cain's plan has been efective in moving the campaign debate away from personalities and towards ideas and that he thought that was a good thing. Seems to me that's a far cry from an endorsement of the plan itself.

In 2004 (the most recent year that I could find these statistics for), about 130 million federal tax returns were filed. Of that number, 43 million paid no tax at all. In fact, most of them got all their tax witholdings refunded, as well as additional refunds from programs like the Earned Income Tax Credit. The statistics show that the income reported by those 41 million filers was $30,122 or less.

Can someone explain how enacting a new income tax, which would require 43 million Americans who currently earn $30,000 or less and who pay no federal income tax, to pay a new income tax of 9% is a good thing? Is it a good thing for the low income people to have their meager incomes cut by 9%? Is a good thing for the economy to have 43 million Americans with 9% less in their pockets to spend?

C'mon people...THINK about this goofy 9-9-9 plan. This seems to be another one of those plans that sounds great in a campaign speech, but makes no sense whatsoever when you begin to analyze it. In fact, try to find someone who has analyzed it...anyone! You can't find any analysis of the plan because Herman Cain has provided so little detail in how the plan would work that it can't be analyzed!

Originally Posted by Villages Kahuna

Geez, Richie, Paul Ryan didn't say he was an avowed supporter of the 9-9-9 plan. What he said (quoted from the article you linked) was, "...Cain’s plan is a good starting point for debate, and shows the GOP presidential campaign season has entered into a more advanced stage where ideas — not just personalities — have come to the forefront...."

Ryan went on to say that Cain's plan was credible and that he (Ryan) is more of a flat tax kind of guy. Guess what, I'd be in favor of a flat tax too. But it would have to be contained in a tax regime that makes more sense that 9-9-9.

But getting back to your assertion that Ryan is an "avowed supporter" and that such support lends credibility to the plan. It seems to me that what Ryan said was that Cain's plan has been efective in moving the campaign debate away from personalities and towards ideas and that he thought that was a good thing. Seems to me that's a far cry from an endorsement of the plan itself.

First line from the article in question: House Budget Committee chairman Paul Ryan says he “loves” presidential candidate Herman Cain’s signature “9-9-9″ tax plan.

The word "loves" is in quotes as having been said by Ryan himself.

definition: "loves" - to have a strong liking for; take great pleasure in.

(You kill me.)