Raising Cain to raise taxes.

[deepthunk]

Not only will Cain’s 9% flat tax raise taxes for the majority of Americans to cut them for a small minority, his 9% sales tax will never fly because it would hurt retailers across the country, this would leave our government so badly underfunded we would barely be able to pay for our military without running huge deficits, let alone anything else.

His tax plan is so poorly considered that if you vote for him, your letting Herman Cain be Herman Munster.

 

[deepthunk]

Cain denies harassment allegations – CNN Political Ticker - CNN.com Blogs

I guess he’s also Raising Cain to pat Asses.

 

[Soggy in NOLA]

Desperate much?

 

[miami_thomas]

Not only will Cain’s 9% flat tax raise taxes for the majority of Americans to cut them for a small minority, his 9% sales tax will never fly because it would hurt retailers across the country, this would leave our government so badly underfunded we would barely be able to pay for our military without running huge deficits, let alone anything else.

His tax plan is so poorly considered that if you vote for him, your letting Herman Cain be Herman Munster.

His plan also drastically lowers tax on business which means they can lower their costs to balance the added tax. The problem with you liberals is that you only think about things in simple terms and never look at the big picture.

 

[deepthunk]

Not only will Cain’s 9% flat tax raise taxes for the majority of Americans to cut them for a small minority, his 9% sales tax will never fly because it would hurt retailers across the country, this would leave our government so badly underfunded we would barely be able to pay for our military without running huge deficits, let alone anything else.

His tax plan is so poorly considered that if you vote for him, your letting Herman Cain be Herman Munster.

His plan also drastically lowers tax on business which means they can lower their costs to balance the added tax. The problem with you liberals is that you only think about things in simple terms and never look at the big picture.

Lowering the taxes of business does lower their cost, but not their prices, it raises their profits by a small margin but retailers would lose a lot more because of the sales tax. If the sales tax doesn’t pass then there’s not enough money to fund government, hence massive deficits.

Calling me a liberal is simply a means of distracting from what I’m saying. It’s as though you cry “don’t listen to him, he’s one of them”. That which is logically proven to be true remains fact regardless of who speaks it.

 

[deepthunk]

Or should I have said their raising Cain because of his patting asses.

 

[Avorysuds]

Desperate much?

People that like Cain are Desperate... People that like Cain literally don't know why they like him when it comes to policy because Cain has no stance on any policy other than "I'm conservative!"

Cain is an embarrassment to the Republican party and if he is somehow given the nomination I will bet money the Republicans lose by a landslide. I don’t like Mitt at all but I can admit he has at least a decent chance…

Cain's new political tactic is "don't talk," because the more he talks the more damage he does to himself. That's a fucking winner lol!

 

[deepthunk]

Desperate much?

People that like Cain are Desperate... People that like Cain literally don't know why they like him when it comes to policy because Cain has no stance on any policy other than "I'm conservative!"

Cain is an embarrassment to the Republican party and if he is somehow given the nomination I will bet money the Republicans lose by a landslide. I don’t like Mitt at all but I can admit he has at least a decent chance…

Cain's new political tactic is "don't talk," because the more he talks the more damage he does to himself. That's a fucking winner lol!

That says it all!

 

[deepthunk]

Desperate much?

Actually I’m having more fun than I’ve had in years, since ya hadn’t noticed.

 

[auditor0007]

Desperate much?

People that like Cain are Desperate... People that like Cain literally don't know why they like him when it comes to policy because Cain has no stance on any policy other than "I'm conservative!"

Cain is an embarrassment to the Republican party and if he is somehow given the nomination I will bet money the Republicans lose by a landslide. I don’t like Mitt at all but I can admit he has at least a decent chance…

Cain's new political tactic is "don't talk," because the more he talks the more damage he does to himself. That's a fucking winner lol!

Obama would cream himself if Cain were the GOP nominee. The election results would likely be very close to Reagan/Mondale. Worse for the Republicans, it would be so bad that the Dems would likely increase their seats in the Senate and take back the House at the same time.

If Democrats were smart, they would all register to vote Cain in the Republican primaries to help get him that nomination.

 

[GHook93]

9-9-9 Attack Myths
http://www.usmessageboard.com/politics/191312-9-9-9-attack-myths.html#post4327925
--------------------------------------------------------------------------------

There are a lot of attacks on the 9-9-9 plan. Many are unfair attacks based on half-truths!

Attack 1 - The Bachmann Attack:
Bachmann states that all Cain is doing is providing another stream for the government to tax on and that once government has a tax stream they never close it. The first part is true! HOWEVER, this weak attack leaves out the fact that the 9-9-9 plan CLOSES/ENDS the payroll tax (which really is an income tax ON EVERYONE RICH OR POOR and is a SMALL BUSINESS KILLER!), the capital gains tax (which hurts investments from 401k to mutual funds) and gift and death taxes! The 9-9-9 plan might add a sales tax, but it gets rid of other devastating taxation that Bachmann disingenious leaves out of her attack.

Attack 2 - The Price of Good will Go Up:
The opposite is true! Yes there will be a 9% sales tax, but corporations and small businesses who produce and sell these goods are getting a significant tax decrease along with more business certainity. The 35% corporate tax, the BUSINESS payroll taxes (7.5% per employee), capital gains taxes and high income flow-through taxes just get pushed onto the consumer in the form of higher PRICES. We might not pay the business taxes directly, but we still pay them!!! With the reduction in taxes and REGULATIONS on these businesses prices will go down. The sales tax will increase the cost, but the overall price at the end, even with the sales tax will be less, since the corps and small businesses are pushing less of the cost onto the consumer. The 9% tax increase will be offset by the less costs getting pushed onto the consumer.

Attack 3 - Raises Taxes on 84% of Americans:
First, true, many Americans don't plan Federal income taxes, but they pay payroll taxes. Payroll taxes on EMPLOYEES are roughly 6.2% to 7.5% (the business pays additional taxes of 7.5%), the POOR/Low Income Wage Earner pays this. Again some lower income earners (single, no children, non-homeowner making between $24K-$50K) pay income taxes, but many usually don't pay any Federal income taxes, so the increase might be 1.5%-2.8%. So it could be true. However, not all the details on the plan are out! So not everything at this point is known. Cain might have a plan here (and he is a man that always has a plan). Second, the Cain campaign has said it's working on ways to lessen the burden on the poor. I bet there will be a 1.5%- 2.8% earned income tax relief (making it income tax neutral on them). Third, the vast majority of American's INCOME taxes will be reduced and reduced significantly!!!! (1) Most Non-Senior/Non-Social Security American pays federal income taxes and (2) the 6.2-7.5% payroll and there is a SIGNIFANT reduction in income taxes.

The reason they are still saying taxes still increase on these people is because of the sales taxes! HOWEVER, the taxes the Cain Haters aren't taking into account are the business taxes that are currently be pushed onto consumersthat will be GONE or lessened (see above). With these business taxes gone or lessened, the price of goods will go down and offset the sales tax. In the end the MAJORITY of Americans will have lower income taxes and the sales tax will be offset by lower cost of goods.

84% would pay more under Cain's 9-9-9 tax plan - Oct. 18, 2011
84% would pay more under Cain's 9-9-9 tax plan - Oct. 18, 2011
First, while the Cain campaign has said it is working on ways to lessen the tax burden on low-income households, the Tax Policy Center said it didn't have enough detail to assume what that change would be. One way to address regressivity is to offer a rebate to low-income households.

The second reason has to do with how Cain would restructure taxes.

Under the current system, most of the lowest income households end up owing no federal income tax. That's because their incomes are so low that they're exempt, or because their tax liability is canceled out by the standard deduction and tax breaks, such as the Earned Income Tax Credit.

The Cain plan doesn't exempt very low incomes from taxation. And while it would eliminate the payroll tax, which is the heaviest tax for low-income families, that tax relief would be offset for many by the elimination of the EITC and other tax breaks they qualify for now.

Attack 4 - The Anderson Cooper Attack:
Here Anderson Cooper, without knowing all the facts of the plan, states as FACT that one study says Cain's plan would produce, $2.2 trillion in revenue, vs the $2.5 trillion on the current plan. Yet the non-partisan Tax Relief Center (who is critical of Cain's plan and is used as the ammo of the left in attacking it) says that in 2013, the Cain 999 Plan will raise $2.55 trillion. With the economic boom to come with Cain's 999 plan, I wouldn't be surprised to see $3 trillion by 2013!!! Means it revenue neutral in 2013 and a revenue increase in 2014!!!

http://www.taxpolicycenter.org/taxtopics/Cain-9-9-9-plan.cfmThe Tax Policy Center estimates that, if fully phased in, the plan would raise about $2.55 trillion of revenues at 2013 levels of income and consumption, virtually the same amount that would be collected if current tax policy were in place that year

Attack 5 - Bruce Barlett Attack:
His second attack is Cain is proposing a VAT tax and capital gains don't hurt business and lowering them doesn't help economic growth. First, Bruce (who might have worked under many Republicans), but he that doesn't make him any less disingenuous! One, he admits he knows little details about the plan. Then he says its a VAT tax. Which is untrue. Then he says removal of capital gains won't help the economy. Yet even Obama acknowledged raising capital gains would hurt the economy. I mean the man's book is , The New American Economy: The Failure of Reaganomics and a New Way Forward, does anyone really think he doesn't have an agenda? He has an agenda alright!

Facts are this, business hire when economy is good, there is certainity and less burden on them. Cain's plan will provide a steroid shot to the business community. This bold plan will create a recovery the world has never seen before.

The Positive Economic Effects of the Cain's Plan:
(1) Overshore Incentive Gone:
Gets rid of the corporate tax loop-holes, that essentially forces business to go over seas! Getting rid of these loop-holes takes away MANY of the unfair advantages large corps have over small businesses. It levels the playing field!

(2) Small Business BOOM:
Gets rid of the small business killing payroll tax. 8-9% decrease and lowers the SUCCESSFULL small business owners income tax (since they have flow-through taxation), so they have more more to expand and HIRE WORKERS! Make no mistake small business hire the majority of Americans!

(3) Have the Lowest Corporate Tax in Industrialized World:
The 35% corporate tax is what drives many corps overseas. Many will come back, many foreign ones will relocate here. Having low taxation (and reformed regulations under Cain), will offset the slave wages in much of the 3rd world (China still needs to be addressed though).
(4) No Capital Gains Means More Investments:
This means corps get to hold onto more of its money. Some will keep it, but many will use it to expand and hire people. Either way anyone with investments (401K, defined pension plan, mutual funds, variable life insurance, money market, IRA, Education IRA) which is the majority of Americans will see a boom in their investments value. This is key for the baby boomers trying to retire.

(5) Lower Costs of Goods:
All Businesses do is push costs onto consumers. Take away the payroll tax, capital gains, lower income tax (for flow-through emtities) and reduction from 35% to 9% for C-Corps and business will push less costs onto consumers. No to mention the less burdensome regulation businesses will see under Cain. Cost of goods will go down, even with the 9% sales tax.

(6) Businesses will FINALLY have CERTAINITY:
Businessman Herman Cain knows that businesses need certainity to expand. They can't take risks now without know if there will be changs. All Obama does is have temporary measures with the promises of added costs later. Businesses can't expand or take risks under those condition. Businessman Herman Cain knows this. His plan gives the business community certainity in order for them to take calculated risk of expansion.

 

[Soggy in NOLA]

Desperate much?

People that like Cain are Desperate... People that like Cain literally don't know why they like him when it comes to policy because Cain has no stance on any policy other than "I'm conservative!"

Cain is an embarrassment to the Republican party and if he is somehow given the nomination I will bet money the Republicans lose by a landslide. I don’t like Mitt at all but I can admit he has at least a decent chance…

Cain's new political tactic is "don't talk," because the more he talks the more damage he does to himself. That's a fucking winner lol!

How much foreign policy experience, or any experience did Obama have? Bush? Clinton?

Sorry, the best trait of any good leader is the ability to hire good people and learn. Cain possesses that just as I think Clinton possessed it. Obama.... no fucking way. He's arrogant and stubborn and thinks he's the smartest guy in any room, which btw, he isn't.

 

[Soggy in NOLA]

Desperate much?

Actually I’m having more fun than I’ve had in years, since ya hadn’t noticed.

Well, that' a good thing 'cause life's short.

 

[GHook93]

Not only will Cain’s 9% flat tax raise taxes for the majority of Americans to cut them for a small minority, his 9% sales tax will never fly because it would hurt retailers across the country, this would leave our government so badly underfunded we would barely be able to pay for our military without running huge deficits, let alone anything else.

His tax plan is so poorly considered that if you vote for him, your letting Herman Cain be Herman Munster.

His plan also drastically lowers tax on business which means they can lower their costs to balance the added tax. The problem with you liberals is that you only think about things in simple terms and never look at the big picture.

Lowering the taxes of business does lower their cost, but not their prices, it raises their profits by a small margin but retailers would lose a lot more because of the sales tax. If the sales tax doesn’t pass then there’s not enough money to fund government, hence massive deficits.

Calling me a liberal is simply a means of distracting from what I’m saying. It’s as though you cry “don’t listen to him, he’s one of them”. That which is logically proven to be true remains fact regardless of who speaks it.

You need to understand business taxation small fry. Business taxation and regulation costs get passed onto the consumer. Lowering those taxation and burdens lower costs of the products!

 

[deepthunk]

His plan also drastically lowers tax on business which means they can lower their costs to balance the added tax. The problem with you liberals is that you only think about things in simple terms and never look at the big picture.

Lowering the taxes of business does lower their cost, but not their prices, it raises their profits by a small margin but retailers would lose a lot more because of the sales tax. If the sales tax doesn’t pass then there’s not enough money to fund government, hence massive deficits.

Calling me a liberal is simply a means of distracting from what I’m saying. It’s as though you cry “don’t listen to him, he’s one of them”. That which is logically proven to be true remains fact regardless of who speaks it.

You need to understand business taxation small fry. Business taxation and regulation costs get passed onto the consumer. Lowering those taxation and burdens lower costs of the products!

The fact is I understand business and the economy on a fundamental level and your failure to acknowledge this shows that your only intent on repeating the same old conservative talking points like a trained parrot.

Business’s never pass on cost savings to customers, they pass those savings on as profits to their shareholders so said money can end up on wall street where it creates further overvaluation of stocks without creating any increase in the real world value of the company. This is what’s known as a stock bubble and it destabilizes the market.

If you can’t recognize this simple fact then you’re a blind fool.

 

[RDD_1210]

Not only will Cain’s 9% flat tax raise taxes for the majority of Americans to cut them for a small minority, his 9% sales tax will never fly because it would hurt retailers across the country, this would leave our government so badly underfunded we would barely be able to pay for our military without running huge deficits, let alone anything else.

His tax plan is so poorly considered that if you vote for him, your letting Herman Cain be Herman Munster.

His plan also drastically lowers tax on business which means they can lower their costs to balance the added tax. The problem with you liberals is that you only think about things in simple terms and never look at the big picture.

The irony is strong with this one.

 

[GHook93]

Not only will Cain’s 9% flat tax raise taxes for the majority of Americans to cut them for a small minority, his 9% sales tax will never fly because it would hurt retailers across the country, this would leave our government so badly underfunded we would barely be able to pay for our military without running huge deficits, let alone anything else.

His tax plan is so poorly considered that if you vote for him, your letting Herman Cain be Herman Munster.

His plan also drastically lowers tax on business which means they can lower their costs to balance the added tax. The problem with you liberals is that you only think about things in simple terms and never look at the big picture.

The irony is strong with this one.

It's not irony it's the truth. Business taxes such as the income tax for flow through taxation corporation (such a SP, GP, LP, LLC, LLP and S-Corps), the Corp tax for C-Corps (which regardless of popular proganda most American C-Corps pay, not all American C-Corps get presidential special 0% taxation like GE), payroll taxations (in additional to the payroll tax the employee pays, the employer pays 7.5-9% payroll tax for each employee), capital gains tax, utiliy tax, property tax, gas tax etc. In addition to taxation, cost for burdensome regulation like Sarbanes Oxley, Dodds-Frank, GLB, Obaminationcare etc. get pushed on consumers.

In the end, we, the consumers, pay these business taxation and cost not the corps. The 999 plan lowers the income tax on flow-through business entities, the corporate tax on C-Corps, removes the small business killing payroll tax, the expansion killing capital gains tax etc. Just this alone not getting pushed onto the consumer will lower the cost of goods.These lower costs will offset any increase created by the sales tax!

 

[RDD_1210]

His plan also drastically lowers tax on business which means they can lower their costs to balance the added tax. The problem with you liberals is that you only think about things in simple terms and never look at the big picture.

The irony is strong with this one.

It's not irony it's the truth. Business taxes such as the income tax for flow through taxation corporation (such a SP, GP, LP, LLC, LLP and S-Corps), the Corp tax for C-Corps (which regardless of popular proganda most American C-Corps pay, not all American C-Corps get presidential special 0% taxation like GE), payroll taxations (in additional to the payroll tax the employee pays, the employer pays 7.5-9% payroll tax for each employee), capital gains tax, utiliy tax, property tax, gas tax etc. In addition to taxation, cost for burdensome regulation like Sarbanes Oxley, Dodds-Frank, GLB, Obaminationcare etc. get pushed on consumers.

In the end, we, the consumers, pay these business taxation and cost not the corps. The 999 plan lowers the income tax on flow-through business entities, the corporate tax on C-Corps, removes the small business killing payroll tax, the expansion killing capital gains tax etc. Just this alone not getting pushed onto the consumer will lower the cost of goods.These lower costs will offset any increase created by the sales tax!

You're assuming that any of these savings will be pushed to consumers. Let's be honest, those savings will be kept as profits.

 

[deepthunk]

 

[GHook93]

The irony is strong with this one.

It's not irony it's the truth. Business taxes such as the income tax for flow through taxation corporation (such a SP, GP, LP, LLC, LLP and S-Corps), the Corp tax for C-Corps (which regardless of popular proganda most American C-Corps pay, not all American C-Corps get presidential special 0% taxation like GE), payroll taxations (in additional to the payroll tax the employee pays, the employer pays 7.5-9% payroll tax for each employee), capital gains tax, utiliy tax, property tax, gas tax etc. In addition to taxation, cost for burdensome regulation like Sarbanes Oxley, Dodds-Frank, GLB, Obaminationcare etc. get pushed on consumers.

In the end, we, the consumers, pay these business taxation and cost not the corps. The 999 plan lowers the income tax on flow-through business entities, the corporate tax on C-Corps, removes the small business killing payroll tax, the expansion killing capital gains tax etc. Just this alone not getting pushed onto the consumer will lower the cost of goods.These lower costs will offset any increase created by the sales tax!

You're assuming that any of these savings will be pushed to consumers. Let's be honest, those savings will be kept as profits.

NOT true, in the end a corporation still needs to be competitive! You remove costs and regulation and the prices will go down! Just as when you add them, prices go up!