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Republican presidential candidate businessman Herman Cain speaks during a Republican presidential debate Tuesday, Oct. 18, 2011, in Las Vegas. (AP Photo/Chris Carlson) Republican presidential candidate Herman Cain said on Friday that poor Americans will not have to pay the 9 percent flat income tax under his now-famous “9-9-9” tax reform plan. During a speech in front of a vacant train depot in Detroit, the former Godfather’s Pizza CEO staunchly defended his signature tax proposal from critics who say it will raise taxes for lower-income Americans. Cain’s plan would throw out the current tax system in favor of a 9 percent corporate tax, a 9 percent income tax and a new 9 percent national sales tax. He said Friday that poor people under his plan would be exempt from paying the income tax.
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I like Cain's 9-9-9 scheme. It is bold, tries to balance all methods of taxation, and contains many valuable ideas. It's not just for true Conservatives and Independents; some of its features should appeal to Democrats, populists, and to the sensible fringe of environmentalists and "Occupy Wall Street"ers.
Text smaller Text bigger It’s not just conservatives who are frustrated today. It is every single American who longs to see their nation regain its vitality, restoring freedom and prosperity at home and shining the light of human potential across the planet. What is particularly frustrating is that the party out of power, the Republican Party, is supposed to be carrying the torch for these values.
The United States has been experimenting with an income system since 1913, so we can now draw some valid conclusions about whether this type of tax system has worked. What we have is merely 98 years of a gobbledygook accretion of ad hock provisions that no one in the Congress, the administration, or the Judiciary understands. To sum up, the income tax system created for an economy of the early 1900s is a failure in our 21st century economy. As we have discovered to our dismay, nobody elected to Congress, or any president, has actually read any tax act prior to voting on it. And certainly not afterwards.
Now that Herman Cain has become a top - tier presidential candidate for the Republican nomination, he is receiving a greater degree of scrutiny than ever before. And that includes efforts by the mainstream media to do what they do best to conservative candidates: prove somehow that said candidates are unfit to serve. First it was MSNBC's Lawrence O'Donnell playing the role of the white liberal lecturing Herman Cain on what it means to be black. Now it's Chuck Todd wondering what did Cain know and when did he know it...about housing bubbles. During an October 11 interview (minute 4:58) on MSNBC, Chuck Todd said to Cain: This is something you wrote in 2005, saying, arguing that there was no housing bubble.
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This post originally appeared on Slate . A weak front-runner is challenged by a come-from-nowhere candidate wielding a tax plan. Then it was Bob Dole, Steve Forbes, and the " flat tax ." Now it's Mitt Romney, Herman Cain, and the " 9-9-9 plan ." Republicans can be forgiven for having flashbacks to 1996.
This is not a fanboy column about Herman Cain. I may wind up supporting Cain, but this is a column about political dynamics and how elections work. At the moment, I’m less infuriated by the debate about who should win than I am by the stubborn refusal of the punditry to acknowledge who actually is winning. If you listen to the talking heads on any network, the near-universal conclusion is that the collapse of Rick Perry makes a Mitt Romney nomination inevitable. Yes, Cain is surging, and in some polls has actually passed Romney for the lead, but this is dismissed as a flash in the pan that will soon fade due to Cain’s relative lack of money and organization. I’m sorry, but their calculations, quite honestly, are incorrect .
Art 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?”
Art Laffer, a former member of Reagan’s Economic Policy Advisory Board and the man who created the Laffer Curve , has now come out and endorsed Herman Cain’s 999 plan, saying that it will undoubtedly be a huge boon to economic growth. This is very good news for Herman Cain: HUMAN EVENTS – Famed supply-side economist Art Laffer told HUMAN EVENTS that Cain’s “9-9-9″ plan was a pro-growth plan that would create the proper conditions for America’s economy to grow and thrive again. “Herman Cain’s 9-9-9 plan would be a vast improvement over the current tax system and a boon to the U.S. economy,” Laffer told HUMAN EVENTS in a statement. “The goal of supply-side tax reform is always a broadening of the tax base and lowering of marginal tax rates.”
House Budget Committee chairman Paul Ryan said in an interview with The Daily Caller that he “loves” the idea of having “specific and credible” plans, like presidential candidate Herman Cain’s signature “9-9-9″ proposal, in the national debate about tax policy. Ryan told The Daily Caller in an exclusive interview that 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. “We need more bold ideas like this because it is specific and credible,” Ryan said. “I’m more of a flat-tax kind of a guy.” The budget chairman went on to say that ideas like Cain’s plan could help shape the debate over tax reform moving into 2013.
Mr. Cain, a former pizza chain chief executive, wanted a proposal to jolt the economy and give his candidacy some definition. “I said, ‘The first fundamental, guys, is we have to throw out the tax code,’ ” Mr. Cain said Wednesday in an interview.
The Godfather of supply-side economics, Arthur Laffer, has given Herman Cain ‘s signature “9-9-9″ economic plan a critical boost, even as it has come under heavy fire from his GOP presidential competitors The famed economist told HUMAN EVENTS that the proposal was pro-growth and would create the proper conditions for America’s economy to expand and thrive again. “ Herman Cain ’s 9-9-9 plan would be a vast improvement over the current tax system and a boon to the U.S. economy,” Laffer told HUMAN EVENTS in a statement. “The goal of supply-side tax reform is always a broadening of the tax base and lowering of marginal tax rates.” Added Laffer: “Mr.