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October 20, 2011
Co-Author of 9-9-9 Plan Says Cain Should Dump National Sales Tax
Co-Author of 9-9-9 Plan Says Cain Should Dump National Sales Tax
One of the key economists who helped Republican presidential candidate Herman Cain draft his 9-9-9 tax plan is backing away from its most controversial component. Economist Stephen Moore said the criticism Cain endured during the GOP presidential debate Tuesday night shows his proposed 9 percent national sales tax might have to go, reports Fox News.
Cain weathered a storm of complaints over his tax plan at the debate in Las Vegas. Virtually every candidate took turns accusing him of pushing a scheme that would introduce new streams of revenue and hit the middle class hardest.
Moore said the debate further confirms his belief that the candidate should strip the sales tax out of his plan and replace it with a 9 percent payroll tax.
"They wouldn't be able to attack it," Moore told FoxNews.com. "If he had done that a week ago, then they wouldn't be able to attack the plan last night."
Moore said he likes the sales tax idea and thinks it would be "rocket fuel for the economy," but explained that it's just too much of a punching bag.
Moore first raised the idea of changing the Cain plan during an interview over the weekend on economist Larry Kudlow's radio show.
Wild Thing's comment......
Cain is not a bad man, and he can work on his plan if he feels it is necessary. Like I mentioned before I am not a Cain supporter but I am not anti-Cain. I just think Perry is a better candidate on every level.
Being President, holding the highest office in the land and it used to be the most powerful office in the world, That matters to me and it takes a special person to handle it, to listen to we the people, to have substance and experience as a leader.
Posted by Wild Thing at October 20, 2011 04:50 AM
Comments
Citizen Cain is in Murder City Detroit now and told the "PO PEEPS" - with Loretta Scott King at his side - that for them his plan is referred to as 9 - 0 - 9 ! Frau Vader is from Dusseldorf WEST Germany and say's " 9... 9... 9!!!" isn't... German?
Posted by: darthcrUSAderworldtour07 at October 21, 2011 08:49 PM
I can buy either plan but we must dump what we have now to change the dynamics of the nation's current accounts. I have said before that I believe we will have to enter in to all out trade war at some time. Our State Department has gotten us into a corner with the WTO from which there is no obvious escape.
Perry and Gingrich have the resumes to be President Cain has the ideas and Santorum and Bachmann have the hearts of our better Presidents. Ron Paul has been an outstanding defender of the basic elements of the country's foundations for decades. Were he not 75 I might favor him under the it's his turn theory.
Only Huntsman and Romney have turned in below standard jobs as State Governors and as Cain says Romney does have good hair.
Posted by: Avitar at October 23, 2011 03:06 AM
I can buy either plan but we must dump what we have now to change the dynamics of the nation's current accounts. I have said before that I believe we will have to enter in to all out trade war at some time. Our State Department has gotten us into a corner with the WTO from which there is no obvious escape.
Perry and Gingrich have the resumes to be President Cain has the ideas and Santorum and Bachmann have the hearts of our better Presidents. Ron Paul has been an outstanding defender of the basic elements of the country's foundations for decades. Were he not 75 I might favor him under the it's his turn theory.
Only Huntsman and Romney have turned in below standard jobs as State Governors and as Cain says Romney does have good hair.
Posted by: Avitar at October 23, 2011 03:08 AM
