by Smitty
You have to admire the courage of somebody who can assert
Herman Cain is having a tough time. He had a rocky debate. His campaign centerpiece, the 9-9-9 tax plan, is being skewered.
He had a rocky debate? Are you sure he didn’t debate Bullwinkle?
What, precisely, was rocky? Any details? And who is skewering his 9-9-9 plan? Adolf Hitler? Adolf, it must be pointed out, was more worried about his girlfriend getting into the details of the 9-9-9 plan than he was worried about the plan itself.
So, one is left to wonder, Jennifer, what specific objections YOU have to the 9-9-9 plan:
9-9-9 Plan: Summary
- Removes all payroll taxes and unites all tax payers
- Provides the least incentive to evade taxes and the fewest opportunities to do so
- Lifts a $430 billion dead-weight burden on the economy due to compliance, enforcement, collection, etc…
- Is fair, simple, efficient, neutral, and transparent
- Ends nearly all deductions and special interest favors
- Features zero tax on capital gains and repatriated profits
- Exports leave our shores without the Business Tax or the Sales Tax embedded in their cost, making them world class competitive. Imports are subject to the same taxation as domestically produced goods, leveling the playing field.
- Lowest marginal rates on production
- Kills the Death Tax
- Allows immediate expensing of business investments
- Eliminates double taxation of dividends
- Increases capital formation which aids capital availability for small businesses
- Increased capital per worker drives productivity and wage growth
- Features a platform to launch properly structured Empowerment Zones to renew our inner cities
- The pro-growth, pro-job, pro-export economic policies of the 9-9-9 PLAN equals a strong dollar policy
I’ll be honest: I haven’t worked all the math. I’m also in some agreement with Michele Bachmann: giving a new tax to DC is a joyless precedent. Herman himself may veto any mad Congress that wants to drop a 1 in front of the third 9 in the plan, but there are no guarantees for follow-on presidents.
Also, as a military chain-of-command aficionado, my preference is to empower the states more, and DC less, to rebuild the crumbled local-state-federal chain.
But let’s give the idea a little more credit than simply saying it’s being ‘skewered’. The plan as such hasn’t seen more than a minor paper cuts from a poor wee Washington Post-It. But such a brave Post-It.
