Finance

Reagan Economist Art Laffer: Cain‘s ’999‘ is a ’Wonderful Plan’

Reagan Economist Art Laffer: Cains 999 is a Wonderful PlanArt Laffer, economic adviser to President Ronald Reagan, shared his thoughts Thursday on GOP presidential candidate Herman Cain’s “999” plan during an appearance on Fox News with Bret Baier.

The economist after whom the famous “Laffer Curve” was named, said of Cain’s 999,“I think it’s a wonderful plan.”

Laffer reportedly lauded the plan’s structure, saying it would “lower the tax rate and broaden the tax base” while provide people with the least incentive to cheat on their taxes. He also emphasized the importance of eliminating the corporate tax rate.

Fox adds:

Baier then asked him about many critics’ belief that the nines in the plan could be raised limitlessly by politicians in the future: “Will we ever have a “20-20-20″ plan?”

Laffer said there will always be that problem with politicians and this is a plan the U.S. could benefit from now, as it is a huge improvement from the current tax codes.

“The current tax codes are filled with all sorts of awful ducks, chickens, pigs and turkeys,” Laffer said. “They’ve got to be cleaned out and we have to revamp the codes. I’d really like to see that done.”

Comments (167)

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  • Valrobex
    Posted on October 13, 2011 at 10:04pm

    Cain’s 9-9-9 plan makes a lot of sense. It’s simple and revenue neutral. But it has to be coupled with a balanced budget amendment. On the plus side, imagine what the voting public would do to any politician who votes to raise the 9% to 10%. That would be an 11% tax increase! That political hack would be thrown out on his keister.

    Report Post » Valrobex  
    • CottonMPG
      Posted on October 13, 2011 at 10:47pm

      I would prefer the FAIR TAX or a regular flat tax. This may be the best we can do right now though. No one else has a real plan. At least no one who is real and believable. I like Herman Cain and honestly think he’s for real. I wish he’d go for the Fair TAX instead, but either way, if nothing major changes he has my vote!

      Report Post » CottonMPG  
    • kf4omc
      Posted on October 13, 2011 at 10:48pm

      There wont be time to increase 9-9-9 because it is only temporary. 9-9-9 is just a stepping stone to the fair tax http://www.fairtax.org . 9-9-9 was invented to make the transition to the Fair Tax easier. Check out Herman Cain’s full plan http://www.hermancain.com/999plan . 999 is only the first phase. Phase 2 is the FAIRTAX. GO CAIN GO

      Report Post » kf4omc  
    • kf4omc
      Posted on October 13, 2011 at 10:54pm

      @cottonmpg Take a look at Cain’s web site and you will see that 999 is only a stepping stone to the FAIRTAX. Cain wants the FAIRTAX but is using 999 to make the Transition easier. Check my post above.

      Report Post » kf4omc  
    • encinom
      Posted on October 13, 2011 at 11:12pm

      999 is the price of a cheap, stale pizza, not a fiscal plan, let alone if you care about a balanced budget. It raises taxes on the poor while giving step tax cuts to the wealthy. This plan is proof that Cain is hallow, all talk, no substance. Warren buffet does not need another tax break. http://www.csmonitor.com/Business/Economist-Mom/2011/0929/Cain-s-999-plan-Not-sane-tax-policy

      Report Post »  
    • CatB
      Posted on October 13, 2011 at 11:13pm

      Cain/Rubio 2012!

      TEA!

      Report Post »  
    • capitalismrocks
      Posted on October 13, 2011 at 11:28pm

      Just revamp the 16th Amendment so that, by law, it is clearly defined that the limited are 9% and may not be altered without a repeal and replacement Amendment – you put it into law, make it as clear as day, so there can be NO re-interpretation down the road, and then you don’t have to worry about a 10-10-10 plan or 20-20-20 plan later on.

      Report Post » capitalismrocks  
    • Okie from Muskogee
      Posted on October 13, 2011 at 11:42pm

      The income tax will only be 1% and will never go higher then that. Promise and scouts honor… (Wink, wink) 

      Come on people, you cannot be that naive. Please do not repeat history.

      The plan will never stay 9-9-9 for 2/3 can over ride any veto just as Cain says he will require 2/3 to raise rates. The 16th amendment gives Congress to tax how they see fit and in order to require 2/3 passage to raise rates it would have to be an amendment limiting Congress’s power to tax how they see fit. A Presidents rule only affects the Congress with him, not future Congresses unless amended into the Constitution. 

      Why in the world would we want to give Government, the same Government we are protesting against for TEA, another source to tax us? Not only will Government be kicking us in the rear like now, they will be hitting us in the mouth and rear under Cain’s plan. 

      If Cain is for a “fair tax” why doesn’t he implement it now and run on it? Cain’s plan redistributes tax money to those who cannot pay taxes. Cain’s plan taxes people differently, empowered zones. Cain’s plan will do nothing but empower the cause the TEA party is fighting against. Wake up folks….Cain ain’t Able…..

      Report Post » Okie from Muskogee  
    • BrandyWilson
      Posted on October 13, 2011 at 11:50pm

      With Glen Beck’s own “Laffer Curve” author backing it up…Glen may get on board too! CAIN IS ABLE!
      !

      Report Post »  
    • CatB
      Posted on October 13, 2011 at 11:54pm

      Cain needs our help … please consider a donation … even a little can add up to a lot if we all pitch in!

      https://www.hermancain.com/donate

      TEA!

      Report Post »  
    • kf4omc
      Posted on October 13, 2011 at 11:59pm

      He is running on it. But 999 is a stepping stone. it will make it easier to transition to FAIRTAX. It will be harder to go from current tax code to FAIRTAX because of the diffrence. 999 is the perfect plan to help people get used to it and then move into FairTax. Havent any of you read his plan yet. http://www.hermancain.com/999plan read it and learn the facts.

      Report Post » kf4omc  
    • libertyisfundamental
      Posted on October 14, 2011 at 12:06am

      Fair Tax is best. 9-9-9 only gives them a new revenue stream. Come on Mr. Cain. Go for the real plan. Your current pivots off the current tax code as well. The Fair Tax ELIMINATES the IRS, saves billions in accounting costs and forces the government back a step in there war to control every facet of our lives.

      Report Post »  
    • Eliasim
      Posted on October 14, 2011 at 12:41am

      I wonder why they need a stepping stone to a fair tax? Doesn’t make sense. The 999 won’t work because once government gets comfortable they will inevitably raise the rate and will a broader base paying taxes it will raise taxes on a broader base. In my opinion it is paving the way to a slave class at the base.

      Report Post »  
    • Okie from Muskogee
      Posted on October 14, 2011 at 1:02am

      @KF40

      You do realize Cain is calling for the Super Stupid committee to pass his plan. Without this committee doing so, the Tax Plan would be required to pass Congress and Speaker Boehner said that would probably not occur as seen on Greta last night. Congress can right a tax plan, Herman can veto it and 2/3 majority can over ride him. 

      In order to limit Congress’s power an amendment would have to be passed. You do realize how long and hard an amendment is to pass? The probability of Cain getting this amendment passed is 1% verses Congress simply over riding his defiant veto. 

      9-9-9 will never happen. It is only a slogan to get elected and you bought it hook line and sinker. Outside of 9-9-9 Cain has no platform. No substance and nothing to show he is qualified to be President. The only reason you know Cain exists is 9-9-9, a simple false slogan. 

      Report Post » Okie from Muskogee  
    • jb.kibs
      Posted on October 14, 2011 at 1:22am

      i like the 0 income tax plan, the 0 capital gains tax plan. they are both JUST and FAIR.
      income and investment taxes aren’t fair to anyone.

      Report Post »  
    • mad_hatter
      Posted on October 14, 2011 at 1:45am

      Did Letterman put his support behind Herman Cain tonight: http://www.thedailycandidate.com/video/2011/oct/letterman_defends_cain.html

      I like Herman Cain but not his plan. I don’t like the new mandate, Federal Sales Tax. Another tax to add revenue for our big government. Can you imagine all the states without sales taxes having to start paying a large sum for the things they buy or say a state with 10% tax already from the state, now its 19%. The economy would automatically tank because people don’t look at their paychecks or their IRS tax bill they pay once a year they see how much they lose to taxes every time they would make a purchase. It would freak consumer spending and tank buyers into saving their money and not growing the economy.

      Also I really can’t stand the thought of corporations losing their reason to donate cash to charitable organizations. Yes they may have more money but where is the incentive to give it away. Barely any donations by corporations are advertised. That would mean small non-profits would go out of business and big groups would hire more lobbyists. No Mortgage deductions or child deductions. That

      Then there is the fact that there is a small chance for it to pass, even with a majority vote. Then if it is passed there is no saying that the 2/3 override, to increase the tax rate, would be in the bill. If it was removed and Cain got the rest of the bill would he sign it. If he did then you can bet there would be an increase in those tax ra

      Report Post »  
    • mad_hatter
      Posted on October 14, 2011 at 1:48am

      Then again he says that everyone elses assumptions of the bill are wrong but what happens if they were right and he was wrong?

      He he got rid of the income tax and had a VAT tax only, okay that is one thing. That still doesn’t solve all the problems mentioned in my last post.

      These are my problems with his bill, fix them and I may reconsider voting for him.

      JUST A THOUGHT.

      Report Post »  
    • the hawk
      Posted on October 14, 2011 at 1:52am

      i THINK cAIN SHOULD HIRE sTEVE fORBES ! To help him really put together a plan to save this country! I want a Tax code thats all paid at the cash register…..Fed tax–State tax–locall tax ! no income tax, no estate tax, and 29 % tax on personal capital gains taxes Only on profits !
      And your Soc Sec will also be taken from your payroll check ! And only tax credits on ONE HOME !
      tHE 9-9-9 SYSTEM WOULD HAVE TO HAVE A CONSTITIONAL AMENMENT TO RAISE THE FED SALE TAX HIGHER THAN 9%……………………aND NO OBAMA CARE !

      Report Post »  
    • mad_hatter
      Posted on October 14, 2011 at 1:56am

      Here is the Art Laffer clip of him talking to Brett Baier: http://www.thedailycandidate.com/video/2011/oct/laffer_cain_999.html

      Report Post »  
    • mad_hatter
      Posted on October 14, 2011 at 1:59am

      To say that Herman Cain is doing this to change it into a Fair tax you are making a dangerous assumption. And if it goes the other way, we have two high taxes, income and VAT.

      This is like what happened to Romney, give a liberal legislator a conservative health care bill and sooner or later they will destroy it. According to the Heritage Foundation, this is what happened in Massachusetts. Should we pass it with the caution that libs may change it for the worse???

      Report Post »  
    • blue_sky
      Posted on October 14, 2011 at 3:31am

      .
      ==================breaking news=============================
      A new youtube video just came out proving Cain is simply unable to lead.
      http://www.youtube.com/watch?v=bOs1m5QqaHg
      =========================================================
      .

      Report Post »  
    • blue_sky
      Posted on October 14, 2011 at 3:36am

      .
      ############## HA-HA-HA ################################
      Laffer turned out to be not an economist AT ALL and he has no clue about US economy.
      No wonder he likes Cain. He how Laffer was humiliated
      http://www.youtube.com/watch?v=2I0QN-FYkpw

      ########################################################
      .

      Report Post »  
    • GhostOfJefferson
      Posted on October 14, 2011 at 7:26am

      It’s a trap.

      Implementation:

      9% income tax
      9% Value Added Tax (national sales tax)
      9% cut in budget

      Reality says that the “cut in budget” will be a cut in the increase. Congress has never actually cut the budget in living memory.

      Ok, so now it’s 9% income tax, 9% VAT, 9% cut in growth.

      Five years from now it’s 23% income tax, 12% VAT, 0% cut in growth and in fact, an increase in growth of spending.

      And tada, we’re suddenly saddled with a new permanent tax that will never, ever go away, the VAT.

      That’s something Cain nor the “fair tax” folks understand.

      Report Post » GhostOfJefferson  
    • davuf
      Posted on October 14, 2011 at 7:57am

      I keep hearing people complain about new revenue streams. Has anyone noticed how many tax streams the federal government currently has? This plan cuts them all and simplifies it to 3 with the plan of bringing it down to 1 eventually. As far as the people who think politicians will increase the rates; keep in minds that this plan takes away the ability of politicians to use the tax code as a weapon for class warfare. If everyone shares in the pain there will be a much higher political incentive to spend more wisely.

      Report Post »  
    • mrst
      Posted on October 14, 2011 at 8:11am

      Exactly! People can SEE and immediately Feel a sales tax– they would be very conscious of what the politicians are doing when it is easier to notice it.

      Report Post »  
    • Plan B
      Posted on October 14, 2011 at 9:38am

      It is not so simple. What happens to Social Security?? Have you figured out your taxes using this new 999. It is going to kill the middle class. Gone. I will be paying much much higher taxes. We are already strapped. My husband said we will be going Gault. He will close the business, lay off employees and just forget it. We have had enough.

      Report Post »  
    • Rillobymorning
      Posted on October 14, 2011 at 9:42am

      I’m not a fan of the 9-9-9 plan as it stands. Although I truly think a flat Fed tax is needed to truly have everyone paying their “fair share”, you add 9% to a sales tax in most states that already carry a State sales tax and you’re not going to grow the economy. In Texas, we already have an 8.25% State sales tax, although we don’t pay that tax on groceries or medications. I can’t imagine too many people anxious to spend money if our sales tax grows to 17.25%! No doubt the tax codes need to revamped and the biggest problem, which is government spending, needs to have the brakes applied, but a 17.25% sales tax….no thank you!

      Report Post »  
    • feralmonkey4
      Posted on October 14, 2011 at 10:06am

      ok First off the national sales tax would not be a V.A.T. it would be a tax on finished goods, a V.A.T. is a tax on wholesale goods use in manufacturing this would not be used for that an out in the open sales tax is very hard to raise without people knowing about it a V.A.T. is an invisible tax on wholesale goods only so please quit referring to this as a V.A.T. it is not one and now that you know that any further attempts to pass it off as a V.A.T. will be viewed as a lie in an attempt to make Herman Cain look bad either because he is in front of your preferred candidate or because you are a progressive stooge here to try and preform your anointed ones wish that all possible opponents be vilified.

      Report Post »  
    • Plan B
      Posted on October 14, 2011 at 10:23am

      Seriously, it is just a gimmick. This 999 is not what you think it is. You loose your standard deduction, your home interest deduction, everything you buy will go up 9%. I can not affort to pay $80 more a month on my health insurance premiums, utilities, and it will only raise the price of gas, food etc. This is just going to wipe out the middle class. Just do 5 minutes of calculations on your own taxes and monthly expenses and see how it will affect YOU. The price of homes, cars , food, ….. and the way the fed is causing inflation add 9% to $5.00 gas. I am telling you simple is not so simple…….

      Report Post »  
    • OkieEngineer
      Posted on October 14, 2011 at 3:47pm

      9-9-9 is a terrific plan. The only other plan out there better is the FairTax.

      People need to keep in mind that the 9% sales tax merely replaces a portion of the embedded tax costs that we already pay in all our goods and services. The final cost on goods and services on average will stay the same as they already are under the current system, even after the 9% sales is added on.

      The sales tax is not a VAT because it’s retail level only.

      Remember to add in payroll withholdings when considering current income tax, which is huge for low income brackets.

      Despite adding a sales tax, so much of the current complex and obscure tax system goes away that it’s massively easier for the American people to police their politicians and deny tax hikes. Right now it can be hard to even know that taxes and consumer costs got raised without keeping a team of lawyers on hand to raise the warning flag.

      Report Post »  
    • Okie from Muskogee
      Posted on October 14, 2011 at 4:29pm

      @OkieEngineer

      State and Local Government will pay the 9% sales tax as well. Will States pass this cost to the people of each state like corporations do? 

      Services will be increased by 9% correct? 

      The Speaker of the House, John Boehner, says it will never pass. Why should we believe Cain that it will by simply saying he will veto any plan that isn’t 9-9-9 when 2/3 can over ride his veto? 

      Shouldn‘t Cain amend the Constitution before implementing this plan so to secure limits on such plan for if added without restriction and an amendment doesn’t get ratified, Congress will then have a 3rd line to tax the snot out of us? 

      I agree our current code is horrible. But I’m afraid this 9-9-9 plan is not fair as our founders intended and actually gives Government more power and intrusion to tax us on more levels. 

      Oh, if Cain eliminates or repeals the 16th amendment, Cain’s “fair tax” would be deemed unConstitutional. Direct taxes would have to be proportioned and indirect would have to be uniform. Therefore 9% income tax is not proportioned, corporate % is not proportioned. Something to ponder. 

      Report Post » Okie from Muskogee  
    • OpenRevolt
      Posted on October 20, 2011 at 8:43am

      Cain is planning to redistribute the wealth our wealth and move businesses into black and Mexican dominated zones:

      SEE THE CNN INTERVIEW VIDEO: http://www.redstate.com/paulkib/2011/10/14/cain-blows-up-999-plan-with-empowerment-zones/

      9-9-9 is only for whitey, it’s 3-3-3 for everyone else!

      Report Post » OpenRevolt  
  • sumguyinohio
    Posted on October 13, 2011 at 10:03pm

    I’m not sure why everyone is worried about a 12-12-12 future. It could happen under the current code by simply removing some of the write offs in the current code. If you eliminate the child credit and a couple of others you reach the level of 12-12-12 for some anyhow. What 9-9-9 does is widens the base which is not only smart but fair for everyone. Let’s just hope Mr Cain can sell it.

    Report Post » sumguyinohio  
  • jsDway
    Posted on October 13, 2011 at 10:01pm

    With Art Laffer backing 999 I will have to look at it more closely. I believe the people will force the Congress to pass the bill if it is sold well, show us the breakdown of how it will work for the good of the country! We have to get rid of the IRS and all of its criminal regulations that suppress the working man!

    Report Post »  
    • xoke
      Posted on October 13, 2011 at 10:13pm

      I think what people miss about the plan…and what Cain hasn’t explained well is how the 9% corporate rate will effect pricing. Corporations don’t pay taxes, they pass them on, period. So, if there is a widget that now cost $100, with the 35% corporate tax rate built in…it should cost $74 after the implementation of 999.

      So, a person now paying 9% of his income, and 9% sales tax, still comes out ahead now that the $100 widget only cost $74.

      Then you have to think about…
      People currently dodging and using loopholes…
      The un-taxed black market would start paying something (pimps, drug dealers, etc)…
      A lot of our jobs would come home if our corporate rate was 9%…
      All the money we the people, and corporations spend on meeting the tax code…
      Repatriated monies come back from overseas…

      I think the plan has marit if you look at it dynamically instead of a hard line base off our current situation.

      Report Post » xoke  
    • Oh well...
      Posted on October 13, 2011 at 10:37pm

      EXACTLY XOKE! I’ve written many newspaper articles trying to tell people that raising corporate taxes does NOT tax the evil corporation. It’s taxing US!

      Report Post »  
    • Islesfordian
      Posted on October 13, 2011 at 10:39pm

      Romney has a rather constant ceiling for his support. People are not enthusiastic about him because we all know he isn’t really that conservative. They are waiting for a credible alternative. Cain is approaching a tipping point where his ground level enthusiasm and rising polls is matched by enough establishment endorsements that he becomes that “credible” alternative to Romney. Laffer may be a small trickle that leads to a stream that then becomes a flood of high ranking conservative endorsements for a candidate who can and will advance the conservative cuase and GRIND OBAMA INTO THE DUST on election day.

      Report Post » Islesfordian  
    • Koz469
      Posted on October 13, 2011 at 10:48pm

      If Laffer thinks it’s a good idea then it clearly is awful. What he knows about economics you could probably fit on a bar napkin. I remember in 2007 when he was saying the economy was great. He also said a couple of years ago that gold could not go up anymore. Laffer is a fool.

      Report Post »  
    • red1
      Posted on October 13, 2011 at 10:55pm

      I would prefer a more simple flat tax but I still support Cain’s 999 plan. It is still simple and a big improvement over our current tax code. Laffer is right that any tax plan can be raised and the 999 plan is simple enough that politicians can no longer hide tax increases from us..

      Report Post »  
    • Okie from Muskogee
      Posted on October 14, 2011 at 12:21am

      @XOke

      Did you take into account there will be zero deductions under the 9-9-9 plan of Cain for businesses? 

      Removal of “all” deductions plus an increase of 9% on all raw goods bought by corporations and the additional 9% increase at sale of finished good would yield a much higher cost for consumers then your calculation shows. Thru deductions corporations yield a lower rate then 35% of overall cost, which is passed to consumers anyhow. 

      Increase of 9% on raw goods purchased passed to us
      Regular 9% corporate tax passed to us
      Point of sale 9% increase
      Zero deductions increase loss of 10% passed to us
      Increase passed to us of 9+9+9+10=37% increase passed to us. 

      Also if all should have skin in the game why have empowered zones and why redistrubte tax money from Government to those who cannot pay taxes as a check? The details of Cain‘s plan reveal it isn’t as good as it sounds… .

      Report Post » Okie from Muskogee  
    • xoke
      Posted on October 14, 2011 at 12:22pm

      Okie…from what I understand, items purchased business to business and used in the creation of a product or service are not taxed under the 999 plan unless said products come from overseas. So if I need some metal to make my widget, I don’t pay sales tax on that purchase provided I buy from an domestic metal manufacture. same with the products the metal manufacturer purchases in the creation of hit metal.

      Look into that, I‘m pretty sure its in the 999 pdf on Cain’s website.

      Report Post » xoke  
    • xoke
      Posted on October 14, 2011 at 12:38pm

      Business Flat Tax – 9%
      Gross income less all investments, all purchases from other businesses and all dividends paid to shareholders.
      Empowerment Zones will offer additional deductions for payroll employed in the zone.
      Individual Flat Tax – 9%.
      Gross income less charitable deductions.
      Empowerment Zones will offer additional deductions for those living and/or working in the zone.
      National Sales Tax – 9%.
      This gets the Fair Tax off the sidelines and into the game.

      Report Post » xoke  
    • Okie from Muskogee
      Posted on October 14, 2011 at 2:12pm

      @XOKE

      My bad you are correct on RG purchases on products. I think I was sleepy or something. Sorry bout that I was looking right at his site and still didn’t register to me. 

      States would have to pay the 9% on their purchases though right? And will the Federal Government pay 9% sales as well or not? 
      Social security, Medicare, Medicaid (payroll taxes) would all just come from the general fund since payroll is removed. Who decides empowered zone? Rebate checks are sent out from who and is that redistributing wealth like now? 

      Thank you for getting me back in line! :-) I’m still not a fan though some sounds good on it. I’m just a firm believer in a much smaller simpler tax plan. Hope your day is good. 

      Report Post » Okie from Muskogee  
  • chips1
    Posted on October 13, 2011 at 9:54pm

    Ducks, pigs, chickens and turkeys? Isn’t that what voted all this crap into the tax code in the first place? I think so. Vote them out in 2012 and quit puting them back in!!!!!

    Report Post »  
    • xoke
      Posted on October 13, 2011 at 10:06pm

      Ill trust a pizza CEO over any of these turds we have representing us now.

      Report Post » xoke  
  • SavingtheRepublic.com
    Posted on October 13, 2011 at 9:54pm

    ~^~v~~^~~v~^~
    The more that get on board with the Cain the bigger the attacks, worst off the attacks are coming from the conservative side. I like Cain more now than the past because he isnt a career politican. Unlike some from TX labeled statesmen who have been in office for over 30yrs and talk a good game BUT NEVER LIFTED A FINGER to go with all their rhetoric!!! Actions speak louder than words, he has LEGIT executive experience. As for the attacks on foreign policy, honestly NO ONE has any experience with the exception of Huntsman but he is running under the wrong cult.. err I mean party.

    I like Art even though he dropped the ball few years ago when Schiff was warning the markets werre going under. I remember when he was on Becks Fox show plugging a flat tax of 11%. That too mde sense. Nothing is going to change until we get get status quo out of our system. That means voting for someone not in a poltical cult. It means taking a chance with a guy who is out of the box, BUT unlike Emperor Obama has a legitimate pedigree. Cain has paid his dues, his position on obamacare after experiencing cancer makes him an expert that it must go.

    Best thing about the plan is it would scrub the IRS, yet we will hear republicants blast it. Nothing is perfect as long as they work off of this and not go too far, keeping it a one page plan it can happen. Its a matter of crossing the line and doing things we are uncomfortable with! http://SavingtheRepublic.com TAPGW

    Report Post » SavingtheRepublic.com  
  • Run Silent
    Posted on October 13, 2011 at 9:53pm

    I am all for Raising Cain. The man seems to be thoughtful, clear spoken, genuine. Cain’s 999 plan finds me with a favorable outlook. I say “Lets Roll”!

    Report Post » Run Silent  
  • calebgs83
    Posted on October 13, 2011 at 9:53pm

    Palin would have been my choice, but with her out…I’m raising Cain!

    Report Post » calebgs83  
  • hikinggussie
    Posted on October 13, 2011 at 9:52pm

    PRESIDENT HERMAIN CAIN!!!!! did anyone hear O’Reilly? He seems to like Cain as a person, but doesn’t seem to think he can attract independents. To heck with independents!!! conservative all the way!!!!! CAIN…the next Reagan!!!!

    Report Post »  
    • Lumbar Spine
      Posted on October 13, 2011 at 10:58pm

      Yaaaaaawn…only a few people will even remember Cain by Christmas. Another flash in the pan…soon to be gone. Romney has it sewn up.

      Report Post »  
  • John 1776
    Posted on October 13, 2011 at 9:52pm

    Current tax code is 76,000 pages. This one is 1 page. We waste a fortune in time trying to figure out the current plan every year. The IRS could then downsize (sorry guys!) as they also would not have to navigate the current monster.

    Report Post » John 1776  
    • Sy Kosys
      Posted on October 13, 2011 at 10:13pm

      this is so true!

      Has anyone on the left gone after Cain and his 999 plan, for all the H&R Block and IRS jobs that are going to be lost?

      GTFO 2012 ;)

      Report Post » Sy Kosys  
  • dctonka59
    Posted on October 13, 2011 at 9:50pm

    999 does not scare me at all, as long as we are all under the same plan most right minded elected officials are not going up against the entire voting public. With our present system, it easy to single out smaller groups and tax them more, like those who work too hard and earn more. As long as we stay with this antiquated system, our Government will continue to work the edges. God Bless Cain, he has my vote.

    Report Post » dctonka59  
  • KidCharlemagne
    Posted on October 13, 2011 at 9:47pm

    Art Laffer is a moron…..

    I can‘t stop laughing every time I see Art Laffer cackling on CNBC back in 2006 when he is incredulous at Peter Schiff’s (accurate) prediction that a housing collapse is imminent:

    “Laffer is contemptuous of Schiff’s claims that a recession, or slump, is around the corner and even makes him a bet.

    Schiff: “Whether it starts in ‘07 or ’08 is immaterial. I think it’s going to last for years. The basic problem with the US economy is that we have too much consumption and borrowing and not enough production and saving. What’s going to happen is the American consumer is going to basically stop consuming and start rebuilding his savings, especially when he sees his home equity evaporate.”

    Laffer: “I don’t believe any of it. The United States economy has never been in better shape. Peter’s just totally off base. We‘re gonna have a nice slowdown but it’s not gonna be a crash.”
    http://www.youtube.com/watch?v=lYkFYdLTTw8

    I wonder if Art Laffer has ever paid off that bet yet!!

    Report Post »  
    • normbal
      Posted on October 13, 2011 at 10:45pm

      I don’t think Laffer took into account the unthinkable fraud of QE 1, 2, 3 and the Trillion dollar stimulus (reelection campaign money injection) as pulling as much value out of the economy as it did. Not to mention continued 1.5 Trillion a year deficit spending (hey, when I’ve been out of work, downsized, I didn’t borrow I stopped spending. It’s what rational people – but apparently not liberal democratic socialist governments – do) for two more years. All working as planned to continue and worsen the recession. Laffer’s sane. He didn’t see it coming.

      Report Post » normbal  
    • CottonMPG
      Posted on October 13, 2011 at 11:04pm

      I agree with Normbal! I was thinking the same thing. If we had let it run it’s course or cut taxes and spending instead of running up debts and throwing money away on poorly run businesses things might have never gotten too bad.

      Report Post » CottonMPG  
    • KidCharlemagne
      Posted on October 13, 2011 at 11:07pm

      normbal
      Posted on October 13, 2011 at 10:45pm

      I don’t think Laffer took into account the unthinkable fraud of QE 1, 2, 3
      ========================================

      QE1 didn’t even start until December of 2008…

      This clip of Art Laffer and Peter Schiff occurred in 2006…

      Report Post »  
  • Steelhead
    Posted on October 13, 2011 at 9:47pm

    the 9% fed tax in addition to an 8.5 state sales tax is a tax hike for the working class. Now the Canadians will stay at home and shop

    Report Post » Steelhead  
  • DoYourOwnResearch
    Posted on October 13, 2011 at 9:46pm

    Another famous leader agrees!
    http://www.youtube.com/watch?v=xjl-HBl7ju4

    Report Post »  
    • xoke
      Posted on October 13, 2011 at 9:52pm

      Very clever.

      Report Post » xoke  
    • Cali_girl
      Posted on October 13, 2011 at 11:27pm

      Clever game. Make fun of the guy with actual ideas. Next he‘ll be throwin’ granny off a cliff cause he wants to reform Social Security. *rolls eyes*

      Try reading the plan and listening to the whole thing and how he’ll implement it. As Bauchman so aptly put it–“The devil IS in the details” trouble is, she never actually read those…

      Report Post »  
  • Tankertony
    Posted on October 13, 2011 at 9:41pm

    Ron Paul is a nut.

    Herman Cain 2012-2020
    Sarah Palin 2020-2028

    Report Post » Tankertony  
  • No Free Beer
    Posted on October 13, 2011 at 9:41pm

    Art Laffer is the same guy who laughed at Peter Schiff, you know…Peter Schiff, the man who actually predicted the economic meltdown YEARS before anyone else, including Art Laffer. Want proof? Here is the video: http://www.youtube.com/watch?v=2I0QN-FYkpw

    Ron Paul 2012!

    Report Post » No Free Beer  
    • SHOWMESTATEGUY
      Posted on October 13, 2011 at 9:51pm

      I think that took place before the Dodd,Frank, Clinton fiasco. You do know about the fiasco I‘m talking about don’t you? The one where Dodd, Frank, Clinton and the dem party said everyone should own a home and if they can’t pay for it the government (taxpayer) can.

      Report Post »  
    • Shasta
      Posted on October 13, 2011 at 10:10pm

      Sorry, but Glenn Beck also predicted all of that.

      Report Post » Shasta  
    • KidCharlemagne
      Posted on October 13, 2011 at 11:11pm

      Shasta
      Posted on October 13, 2011 at 10:10pm

      Sorry, but Glenn Beck also predicted all of that.
      =========================================

      Sorry….but Beck got his prediction directly from Peter Schiff…

      Report Post »  
  • SHOWMESTATEGUY
    Posted on October 13, 2011 at 9:40pm

    I think 999 is a better number than 911. If BO is elected for another four years we will all be calling 911 but there won’t be anybody taking the call.

    Report Post »  
    • ICRedifURBlue
      Posted on October 13, 2011 at 10:11pm

      Some other numbers for that friggin‘ BO’s boyz —— .223, 7.62, .45, 12Ga, etc.

      Report Post »  
  • Lutheran
    Posted on October 13, 2011 at 9:37pm

    I heard the 9-9-9 plan could be a step towards a fair tax plan.
    What are your thoughts?

    Report Post » Lutheran  
    • xoke
      Posted on October 13, 2011 at 9:45pm

      That’s exactly what it is…read Cain’s website.

      Report Post » xoke  
    • raybojabo
      Posted on October 13, 2011 at 10:11pm

      999 is just phase 1 of Cains plan to unite flat tax supporters with fair tax supporters. Once the economy is back on track it transitions to the fair tax and abolishes the IRS.

      http://www.hermancain.com/999plan

      Report Post »  
    • Tired of Code Names
      Posted on October 13, 2011 at 10:39pm

      @Lutheran..I struggle with all of this with respect to the tax code. I know the system is now corrupt and works only with politicians getting pay off’s to endorse policies from whom lobby them. From both sides of the aisle. And you now humble me. Your picture you stand behind in all your post‘s is Martin Luther’s old school Seal. The cross is black representing human sin. It’s depicted in the heart because that shows human nature which can be overcome with true faith from the heart. The white roses represent Jesus wrapping his purity around people who profess Christ died for our sins and God will then, and then only see and individual as a sanctified individual. The blue sky surrounding it all represents heaven and where we all wish to be. And finally, the gold ring surrounding it all. I suspect we will see treasure in Heaven that far surpasses anything here on earth.

      Report Post »  
    • chubster
      Posted on October 13, 2011 at 10:46pm

      A Fair Tax would required a Constitutional amendment. Repeal of the progressive income tax.

      Report Post »  
  • poverty.sucks
    Posted on October 13, 2011 at 9:35pm

    Ron Paul looks seriously ill.

    Report Post » poverty.sucks  
    • Oh well...
      Posted on October 13, 2011 at 10:38pm

      Yes. His mustache moving up to his eyebrow on the last debate surely is a bad sign. lol

      Report Post »  
  • poverty.sucks
    Posted on October 13, 2011 at 9:34pm

    President Cain has an effective plan worth considering. All the contenders act like Real Estate agents trying to paint pretty pictures with the goal of just wanting to be liked.

    Report Post » poverty.sucks  
  • banjarmon
    Posted on October 13, 2011 at 9:34pm

    Cain is the MAN with a PLAN 9 9 9!!!!!

    Report Post » banjarmon  
  • Jim
    Posted on October 13, 2011 at 9:33pm

    I think Laffer knows what he is talking about. The thing that scares me with the 999 plan is the Democrats will try yo make it a 12/12/12 plan or higher.

    But, Cain’s plan can be coupled with cuts we can seriously improve the country.

    Report Post » Jim  
    • xoke
      Posted on October 13, 2011 at 9:47pm

      Democrats will always be trying to raise taxes…this is nothing new. The coolest thing about 999 is EVERYBODY has some skin in the game. So the class warfare we are seeing now goes right out the window as a political football.

      When 47% don’t pay taxes…look at what that has got us.

      Report Post » xoke  
  • TXPilot
    Posted on October 13, 2011 at 9:32pm

    Well, I already liked Cains plan, but if Art Laffer, the man who was the architect of the Reagan revovery likes it, then I’m even more for it. Can’t hurt either, that Cain appears to be a much more honest and experienced person, than the traitor we have in the White House right now.

    Report Post » TXPilot  
    • hauschild
      Posted on October 13, 2011 at 9:39pm

      I, too, am leery about “scope-creep“ with introducing a ”new” tax with the value added tax. I wonder what Britain’s rate started at, and now is at 20%?

      But, I agree with Laffer that it is better than what we have now. It might only pass with all three branches under conservative control and they could write something into the where at least it had to stay at a certain number for say 10 years.

      The problem is that all this red tape was created by politicians so they could remain in office, so it would probably be all but impossible to pass.

      Report Post »  
    • poverty.sucks
      Posted on October 13, 2011 at 9:39pm

      President Cain presents leadership without political fake smiles.

      Report Post » poverty.sucks  
    • Dagger82
      Posted on October 13, 2011 at 10:49pm

      Yes, simple. But, you leave out possibly the most important aspect of the 9-9-9 plan. Elimination of tax loopholes (for the “rich” and corporations), so the greedy few (you like to call them “rich”) can no longer exploit the system and avoid paying taxes ~ eh, Mr Jeffery Imelt, GE, George Kaiser http://newsbusters.org/blogs/ken-shepherd/2011/10/13/solyndra-ceo-resigns-major-backer-delinquent-taxes-will-media-report#ixzz1aiYcM3ct.

      Report Post » Dagger82  
  • 1unwashed
    Posted on October 13, 2011 at 9:31pm

    Credible

    Report Post »  
    • jzs
      Posted on October 13, 2011 at 9:47pm

      Yep, it checks out. The very simple 999 plan covers all the bases. It lowers the tax rate for the rich and raises the effective taxes on the poor and middle class. Check. In fact, the plan is a redistribution of wealth to the richest, while raising taxes for everyone else including most everyone who reads this website.

      But that’s good. Everyone complains about having to pay for all those people who don’t pay Federal income tax, stealing for them to pay for the slackers. Cain’s 999 plan corrects that! It taxes YOU more so that you don’t mooch so much of the rich. The richest 1% are sick and tired of carrying to load for you lazy slobs, who living high while the rich carry the load. All you middle or lower class make me sick, the way you depend on successful people to pay for this country. Well, 999 takes care of that. You pay more, the rich pay less. Simple, real simple. Vote Cain!

      Report Post » jzs  
    • Supercalafragalisticexpialidotious
      Posted on October 13, 2011 at 11:49pm

      @JZS

      You need to take a few economics courses- or just read up online, or get a few good books on it.

      Here’s the bottom line: you drop the corporate tax rate to 9%, food prices, gas prices, everything well get cheaper to buy. Also, Cain has no tax at all on resold goods- meaning poor people won’t have to pay that 9% tax on clothing and lots of other stuff. And even on the things they do pay a tax on; to be honest it will probably still cost, in dollars, the same or less than it cost them before.

      So…the sales tax and the corporate tax (the sales being a lead in to the Fair Tax, by the way) are great. The personal income tax? At 9% that cuts it down for most people in this country. For those not working, on wellfare, well…clearly they won’t be paying that one.

      So I think it’s more than fair, and will result in much more prosperity. It eliminates all other taxes! What’s not to love about that? No huge repatriation tax for companies: an incentive Cain understands will actually work to bring work back here to the states! Dude, this plan is awesome on multiple levels. I don’t know how you can hate it- you just haven’t really given it a decent look.

      The most appealing thing to me? It replaces the current tax code! Wooohooo!! Thank you, someone is speaking my language! :D

      Report Post »  
  • xoke
    Posted on October 13, 2011 at 9:30pm

    Yes!

    Report Post » xoke  
  • Bonnieblue2A
    Posted on October 13, 2011 at 9:30pm

    It’s official, the central planning globalists “love” the Europeanized tax structure proposed by Cain. The middle class will once again be necessarily targeted just as they were with the AMT.

    Did anyone else fall for Cain pretending that Alan Greenspan was the greatest FED Chairman ever? This man who didn’t see the economic disaster coming in 2008 when Ron Paul had been predicting it for more than 20 years!

    Don’t be fooled, Cain is an “ringer” for the establishment. He cares not for the US Constitution. Don’t fall for yet another snakeoil salesman.

    Ron Paul 2012!

    Report Post »  
    • bnjamn73
      Posted on October 13, 2011 at 10:30pm

      Fill in the name of any candidate who isn’t RP where this one says “Cain” and it would read the same way. The RP devotees are beyond wearisome.

      Report Post » bnjamn73  
    • Supercalafragalisticexpialidotious
      Posted on October 14, 2011 at 12:06am

      Why do you guys always use terms like “cares not for” and “don’t be fooled”, etc?

      You talk about others being “sheep” and how great “Dr. Paul” is, but the sheer eagerness to repeat the same phrases word for word has me thinking the Paulistas (to use Neal Boortz’s term) are the real sheep.

      That interaction in Tuesday’s debate between Cain and Paul really rubbed me the wrong way. Ron Paul uses his own catch phrases! “Spoken like a true insider.” Really, seriously? How unclassy can you get? This is why Paul could never be president. Then he outright lies about what Cain has said- and in an “I caught you!” manner worthy of any 12 year old boy. Cain comes back, and cuts through the garbage. Honestly, Paul came across as a real jerk- and a little nutty, which is always the case.

      About the “Fed”: The fact that Cain has worked there gives him a lot more credibility. He can get in there and really change what needs fixing- and is fine with auditing it, by the way, which Paul claimed he wasn’t. Mentioning Greenspan made sense: Cain interacted with him for years, and for all we know he was referring to his managerial abilities- how he dealt with the different branches of the Federal Reserve. Cain didn’t have time (sheesh, no one had time for details) to explain in exactly which ways Greenspan was good. Last time I checked, the guy was a fan of Ayn Rand, so Greenspan can hardly be all bad.

      In any case, Ron Paul’s obnoxious statements about the “Fed” ma

      Report Post »  
    • Giveitrevolution
      Posted on October 14, 2011 at 1:16am

      999=vat tax
      Cain is just another puppet for nwo. Listen to all these sheep in here being led to the slaughter.
      Cain has already flip flopped and lied about auditing the fed. What more do you sheep want to know? Your idiots.

      Report Post »  
    • Giveitrevolution
      Posted on October 14, 2011 at 1:34am

      http://www.youtube.com/watch?annotation_id=annotation_13440&v=q18jMzTWJ9A&feature=iv&src_vid=0qaEKFM01BI

      rp

      Report Post »  
    • Plan B
      Posted on October 14, 2011 at 12:30pm

      Exactly!!

      Report Post »  
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