Obama on Herman Cain’s 9-9-9 plan – Not “new”

Oh come on. President Obama says Herman Cain’s plan would ensure the wealthy pay less and the lower and middle class pay more in taxes.

The president goes on.

Obama said that approach [Cain’s 9-9-9 plan] isn’t new. And he said that across the board he hasn’t heard any new ideas on helping the economy from Republicans, either in Congress or the candidates.

Not new? If Herman Cain’s plan isn’t “new” in federal government tax speak, I have no idea what would be new. Like the Democrats have actually brought anything new to the table in the last 40 years? All of their policies are rehashed from The New Deal … ALL OF THEM.

New is Herman Cain’s 9-9-9 plan. New is the Fair Tax. New is the Flat Tax. All of which are conservative proposals that Democrats avoid like the plague.

22 replies
  1. Anne-EH
    Anne-EH says:

    Steve, this should come as NO SUPRISE to any of us as this shows in a simple the fact that we do not have any leadership coming from the White House.

    • phil
      phil says:

      How can there be any leadership coming from the White House when Bobo is still campaigning?? He just don’t got time to lead.

  2. Dimsdale
    Dimsdale says:

    Socialism isn’t new, nor is it successful, but ?bama adheres to its tenets, including the brown/black shirt thuggery, now draped in attractive purple!

    • Dimsdale
      Dimsdale says:

      But by how much?? Does it put everyone’s “skin in the game”?? If so, then there is some value here.? Comparatively, how much will taxes increase at the current rate of unrestrained spending in the current, unfair “progressive” system, including future borrowing?
      ?
      Btw: I am not taking a position for or against Cain yet.? I just note that he is the only one with the testicular fortitude to put one up for scrutiny.

  3. WagTheDog
    WagTheDog says:

    I keep hearing that the wealthy must pay – as someone who looks to be wealthy, I’m rethinking that strategy.? I’ll some of that Obama-stash now, please.

  4. sammy22
    sammy22 says:

    Dims, according to the Tax Policy Center, households making $10k to $20k will see a tax increase of $2705 (plus 950%), while the “rich”? will get a big tax cut.

    • zedgar2
      zedgar2 says:

      Someone did a calculation that purportedly shows that Warren Buffet would pay no tax on his $64 million of income because there is a 0% capital gains tax and a full deduction for charitable giving. If that’s true, it’s hard for me to see how 9-9-9 would ever pass in its current form. It would clearly need to be modified, which would add to the complexity. It’s absolutely great that Cain teed 9-9-9 up so that we can have a serious discussion of the issues. But I think the bloom will be off this specific rose very soon.

    • Fish
      Fish says:

      Sammy,
      ?
      I am no Mathematician, but I believe? GE would pay 9% more than they currently do under the current system.? How much were GE’s profits last year?
      ?
      ?

  5. sammy22
    sammy22 says:

    Meanwhile, Mr. Cain is getting a lot of “ink”, not to mention a fan club. You’d think he and his staff would do some homework before floating this out.

    • Dimsdale
      Dimsdale says:

      Funny, I could say the same about ?bamacare.? At least Cain puts his plan out for everyone to scrutinize before it gets anywhere near Congress.? It could, and certainly would (if the analyses are correct), be modified if need be.

    • NH-Jim
      NH-Jim says:

      With the current administration’s policies, let’s not bring up “doing homework before floating something” argument.? (i.e: Nancy “we must pass this bill so you know what’s in it” Pelosi – and before anyone has read it)
      Latest news has it that Mr. Cain is currently modifying the plan instead of ignoring the criticism and pushing it against all odds down our throats.
      My belief is that if my taxes go up a couple thousand dollars per year, I honestly won’t mind knowing that all my fellow countrymen/women have the same amount of skin in the game.? If those evil loopholes (legal deductions) are no longer existent then isn’t that what progressives want?? Thus, we have an ultra-simplistic tax code that removes the cloak of secrecy from each & every persons’ responsibility to pay for what our constitution calls for.
      Let’s no longer use the tax code & IRS as a welfare program.

  6. Anybody but Obama
    Anybody but Obama says:

    I’m hearing I heard this and I heard that, has anybody gone to his website and looked at the calculator?

  7. Plainvillian
    Plainvillian says:

    The 9% Federal? sales tax seems to draw the most fire.? Let’s look at only that last”9″.
    I’d like to see someone calculate the total price burden impressed on a typical product, maybe a pencil, by the multiple income taxes throughout the production and distribution chain from raw material to consumer’s purchase.? Each producer, handler, assembler, component maker, transporter, distributor, and retailer must add the cost of their income taxes to their cost, before resale price can be determined to ensure a profit.? I’ll bet the total cost of the incremental taxation on income exceeds 9% by a lot and a pencil has very few component parts.
    I’m also guessing the more complex the product, the greater the percentage of total income taxation cost is of the consumer’s cost.? Think about the component parts of a refrigerator or dishwasher.? Even with union wages, we might able to compete with offshore manufacturers of lots of things.? Jobs, anyone?

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