Source: http://www.washingtonpost.com/politics/cain-defends-9-9-9-tax-overhaul-plan/2011/10/16/gIQAFQblpL_story.html
Coupled with Herman Cain's rising favor in the polls, the public has expressed increased interest in the specifics of his 9-9-9 flat tax plan. Cain also expressed his desire that Americans acquire a sense of humor, because electrocuting immigrants is hysterical. Not many specifics are known regarding how the plan would effect individual Americans, aside from it replacing the current tax code with a 9 percent corporate income tax, 9 percent personal income tax and 9 percent national sales tax. Cain expressed, and rightfully so, that while some will face greater federal tax payments, the plan would benefit the majority of Americans. While that is certainly true, the poor and middle class would face an increase in tax rates, while those with greater economic stability would be the ones paying less. While wealthy Americans utilize a multitude of loopholes when it comes to mortgage payments, a 9 percent income tax is a significant decrease for the financial fortunate, by over 20 percent for some Americans. Cain remains steadfast in defending the plan, and while it could certainly prove beneficial, more details are needed.
Herman Cain is the only Republican that has actually done something truly interesting or headline worthy so far. In reality I believe he should be the Republican Candidate for election. But, do you think he will be? He isn't necessarily the "safe" bet for the Republicans. I'm guessing that even if he gets ahead by 5 % popularity over Romney they will still go with Romney because he is the Republicans' safe card. In the end though, none of them are really making much headway against Obama at this moment in time. The CLASS act has just been removed from the "Obamacare" package and while many republicans are surely going to get Obama for doing so, no major force can go into opposing Obama because the Republicans are so busy battling it out. Right now I don't see the Republicans showing potential to pull the swing voters like Obama had done and Obama hasn't done nearly as much as he did in the previous election. However, as soon has Obama starts to use those tens of millions of dollars towards the campaign I believe the house will fall like a house of cards. What do you think? Do you believe Herman Cain is likely to win? If so, can he beat Obama?
ReplyDeleteHerman Cain better not get elected. That 999 tax? ANY flat tax that can be applied to most of America needs to get shot down.
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