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| | |-+  Obama don't like Cain's 9-9-9 plan.
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Author Topic: Obama don't like Cain's 9-9-9 plan.  (Read 406 times)
Wiener
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Down with the enemies of Freedom and Liberty.


« Reply #15 on: October 21, 2011, 06:13:49 PM »

Come walk a week in my shoes and your ass will be dragging the ground and you would begging for mercy.
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"Those that would give up Liberty in the name of security, deserve neither and will loose both."
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« Reply #16 on: October 21, 2011, 07:55:09 PM »

As far as raising taxes on 84% of people, I would have to see some number crunching on that fact you threw out.  I am sure they would exempt Food stamps and all welfare assistance so the really poor would be protected to some degree.  For the working poor well they don't buy much in the way of luxury items anyway so how would it hurt them much if they can spend a certain amount before having to pay said tax?   I didn't see where they were going to tax any food banks or donations to poor people so they can still get help from churches and friends and family. 

Herman Cain says the 9-9-9 plan does not raise taxes on those making the least
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Wiener
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Down with the enemies of Freedom and Liberty.


« Reply #17 on: October 21, 2011, 08:29:03 PM »

This paper computes the tax bases for the following three tax reform proposals: a business
transactions tax; a comprehensive factor income tax (flat personal income tax); an expanded
retail sales tax (Fair Tax). In this paper, we find the revenue neutral tax rate, assuming no
growth effects, and assuming no exemptions, deductions or credits. Recognizing that relief for
low income taxpayers will inevitably be part of any tax reform, we also estimate tax rates
assuming that each plan will provide a refundable credit equal to the tax rate times the poverty
level. (This amounts to subtracting the identical amount from each tentative tax base.) Finally,
we will combine the three bases to examine four hybrid proposals that split the rate between
each of the combined bases. Specifically we will examine a variant of the Laffer/Moore Tax
that combines the business transactions tax and a flat personal income tax and a plan that
combines all three bases.


This is from Herman Cain's web site.  I found it here http://www.hermancain.com/docs/999_Scoring_Report.pdf

Recognizing that relief for
low income taxpayers will inevitably be part of any tax reform, we also estimate tax rates
assuming that each plan will provide a refundable credit equal to the tax rate times the poverty
level. (This amounts to subtracting the identical amount from each tentative tax base.)

They are telling you that it will include breaks for the poor.
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« Reply #18 on: October 21, 2011, 08:40:17 PM »

Recognizing that relief for low income taxpayers will inevitably be part of any tax reform, we also estimate tax rates assuming that each plan will provide a refundable credit equal to the tax rate times the poverty level. (This amounts to subtracting the identical amount from each tentative tax base.)

They are telling you that it will include breaks for the poor.

That statement tells me absolutely nothing. I want clarity. I want NUMBERS.
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yoyo
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RP2012


« Reply #19 on: October 21, 2011, 11:51:33 PM »

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« Reply #20 on: October 22, 2011, 12:09:42 AM »

I was thinking more in terms of something with more 6's and 9's.
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Wiener
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« Reply #21 on: October 22, 2011, 07:27:45 AM »

That statement tells me absolutely nothing. I want clarity. I want NUMBERS.

The link is to Cain's people's scoring but if I have time today I will hunt down their numbers and post them for you.
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"Those that would give up Liberty in the name of security, deserve neither and will loose both."
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