Herman Cain's 999 Plan
Herman Cain 999 Tax Plan
Cain's 999 Tax Reform Plan
Herman Cain has outlined his 999 plan in which he claims that it will be a vast improvement over the current tax system. I doubt Cain has really considered the unfair burden of a flat progressive tax system on the unemployed and the elderly. All the presidential candidates need to admit their are no quick fixes for the economy. And to increase taxes on those struggling the most and who are living on no to fixed incomes is completely unreasonable.
Granted I believe Herman Cain will pick up corporate donations for this move but in the end he will become unelectable.
A Review of the 999 plan.
So the 999 plan is pretty simple and straight forward. So Tax attorney's if this passes you are out of a job. But basically it goes like this.
9% national sales tax
9% payroll tax
9% corporate tax
Now these taxes only apply to new items but it mitigates the horrendous inflation that has occurred and it has not addressed how to reduce inflation.
First, it sounds really great. 9% payroll tax down from 15%. But unfortunately unemployment is so high that this only benefits the employed who are getting laid off in droves. So even if a worker gets this 9% tax break they could become unemployed and lose the income as Herman Cain's plan has no plan for an economic recovery. Tax reductions will not cause an economic recovery.
Second, 9% corporate tax. Well corporate America will be happy with that except when they are laid off as well because their is no plan for an economic recovery.
Third, a 9 % flat national tax is a substantial increase of sales tax. Herman Cain claims his plan will not tax anyone buying used goods. I don't think Herman Cain really understands that people can't even afford to buy things on consignment right now. And his flat regressive tax of 9% national sales tax taxes things like food and medicine which are normally never taxed. And you can't dodge the tax because there is no such thing as used medicine or used food. So this plan is an increase of taxes because it is a consumption tax which really hits the unemployed and the elderly the hardest.
I just don't think Herman Cain gets it that Elderly people are having to choose between food and medicine. And to tax both of those items is to endanger our senior citizens. This is also true for the unemployed in America who are struggling just to put food on the table for their children and buy their children medicine when they are sick. Why would Herman Cain pass taxes onto the poorest people in America besides to fill his campaign chest?
I announced before that Herman Cain is out of the race and he no leadership experience in government and no foreign policy experience. He is also so weak on national security. Even worse is this tax plan which if Herman Cain thought it out would make him completely unelectable. Cain's 999 tax is more inflation which shifts the tax burden unfairly to the elderly and the unemployed without addressing the really basics of rebuilding American prosperity.
No one wants to see the unemployed and the elderly harmed in the name of corporations and especially in Florida. So it is hard to believe Herman Cain actually carried Florida given his 999 tax reform plan. It is quite a lucrative business running for president even if you don't win. Ask Sarah Palin who is now a celebrity and a millionaire. So it is no surprise now that Sarah Palin is a millionaire she is fighting taxes with tooth and nail. It is really too bad because Sarah Palin understands what it is to be poor both financially, spiritually and morally.
As for the Republican candidates or the presidential candidates in general, they need to find someone who isn't a millionaire and so detached form the realities of what is going on outside of the beltway so they can address the real problems of this country which aren't apparent from inside the beltway.
999 tax reform plan and the Republicans standing up and saving no more taxes makes them absolutely unelectable. But I appreciate how much money all of these candidates have made running on unelectable platforms including but not limited to Herman Cain. Could you imagine if Herman Cain had to live like the rest of us or his cancer medication was taxed so he couldn't afford it? That is the sentence he is giving to cancer patients all over the country with his 999 plan. And Chemo is really really expensive. Not to mention what this plan will do to the senior citizens and the unemployed.
Herman Cain is completely against a millionaires tax but he will tax food, gasoline, and medicine while increasing inflation and hurting the uemployed and the elderly. Everone in America can become unemployed and elderly.
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