Herman Cain

UGA12

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Between The Hedges
Have a friend that is a big supporter and me and him have spoken a couple of times about his real chances. I told him a few months ago that he had zero chance becuase of a lack of exposer by the media and his own party. The last few days have put his foot in the door and forced people to at least look. Whether it goes any further than that is yet to be seen. With Perry faltering and a lack of any other real challengers to Romney, it may be the opening Cain needs.
 

UGA12

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Would also add that at this point in America his business background could be at a premium never before seen. Will be fun to see how this one plays out on many levels from the left and right alike!
 

StevieD

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I don't like his thoughts of cutting taxes across the board. Not sure how that will create jobs when it is still cheaper to make overseas and ship to America.

He has no answer to Social Security.

Not a fan just another guy spewing the Republican Mantra.
 

Cie

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just another guy spewing the Republican Mantra.

I disagree completely. I like him because his positions on taxation vary from what I perceive to be the norm in his party.

As for social security, I would withdraw from the program today if allowed. I am preparing for retirement myself. Hell, I would not want to wait until my 60s to retire anyway.
 

StevieD

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I disagree completely. I like him because his positions on taxation vary from what I perceive to be the norm in his party.

As for social security, I would withdraw from the program today if allowed. I am preparing for retirement myself. Hell, I would not want to wait until my 60s to retire anyway.

From the website "Currently, the federal government taxes too much and too often. Meaningful tax reform should be implemented immediately to alleviate that suffocating tax burden placed on businesses and individuals in America. This means across-the-board tax cuts to provide long-term relief, including reducing the capital gains tax, suspending taxes on repatriated profits and permanently eliminating the death tax."

Plus he wants less regulations. This is how we got in the mess we are in. As for retiring before 60, best of luck to you. Was a dream of mine too before these tax cuts and removal of regulations during the Bush Dynasty brought everything down.
 

The Sponge

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If there wasn't a black man in office already these phony Cane supporters would be nowhere to be found. That is reality. they can spin it all they want but do people think DTB would even look at this guy if Hillary was president :mj07:
 

ssd

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999 plan.

9% corporate tax, 9% flat tax, 9% national sales tax.

Current circumstances call for bolder action.
The Phase 1 Enhanced Plan incorporates the features of Phase One and gets us a step closer to Phase two.
I call on the Super Committee to pass the Phase 1 Enhanced Plan along with their spending cut package.
The Phase 1 Enhanced Plan unites Flat Tax supporters with Fair tax supporters.
Achieves the broadest possible tax base along with the lowest possible rate of 9%.
It ends the Payroll Tax completely ? a permanent holiday!
Zero capital gains tax
Ends the Death Tax.
Eliminates double taxation of dividends
Business Flat Tax ? 9%
Gross income less all investments, all purchases from other businesses and all dividends paid to shareholders.
Empowerment Zones will offer additional deductions for payroll employed in the zone.
Individual Flat Tax ? 9%.
Gross income less charitable deductions.
Empowerment Zones will offer additional deductions for those living and/or working in the zone.
National Sales Tax ? 9%.
This gets the Fair Tax off the sidelines and into the game.


Too common sense. Unites all tax payers so we all pay income taxes and no one pays payroll taxes.
Provides the least incentive to evade taxes and the fewest opportunities to do so.

i wish him luck
 

StevieD

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StevieD

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999 plan.

9% corporate tax, 9% flat tax, 9% national sales tax.

Current circumstances call for bolder action.
The Phase 1 Enhanced Plan incorporates the features of Phase One and gets us a step closer to Phase two.
I call on the Super Committee to pass the Phase 1 Enhanced Plan along with their spending cut package.
The Phase 1 Enhanced Plan unites Flat Tax supporters with Fair tax supporters.
Achieves the broadest possible tax base along with the lowest possible rate of 9%.
It ends the Payroll Tax completely ? a permanent holiday!
Zero capital gains tax
Ends the Death Tax.
Eliminates double taxation of dividends
Business Flat Tax ? 9%
Gross income less all investments, all purchases from other businesses and all dividends paid to shareholders.
Empowerment Zones will offer additional deductions for payroll employed in the zone.
Individual Flat Tax ? 9%.
Gross income less charitable deductions.
Empowerment Zones will offer additional deductions for those living and/or working in the zone.
National Sales Tax ? 9%.
This gets the Fair Tax off the sidelines and into the game.


Too common sense. Unites all tax payers so we all pay income taxes and no one pays payroll taxes.
Provides the least incentive to evade taxes and the fewest opportunities to do so.

i wish him luck

The 9% Flat tax places a far greater burden on the struggling middle class that it does the Untra Rich.

The 9% Sales tax again places a far stronger burden on the Middle Class than it does the Untra Rich.

Business Flat tax I can't comment on.:shrug:

This is one dangerous guy who will provide the knock out punch:00x2 to the middle class.
 

ssd

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9% sales tax will derive a far greater amount of revenue from the rich as they are the ones who consume the most as well as purchasing luxury items.

Everyone should have a tax burden. Saying that 9% income tax on anyone is a disproportionate burden is laughable.

9% corporate tax rates 'should' spur hiring as businesses will look to outsource less due to favorable rates. Of course, Muff will argue that no corporation pays the listed marginal rate. Anyway, corporations do not 'pay' tax anyway. If their cost of good sold goes up, guess what, so does your cost to buy the good so the end consumer ends up paying the tax anyway. Lower corporate rates will help.

as for a businessman in the Whitehouse as scary? Well, Congress is basically run by lawyers and we have a $14T - nearly 15T deficit. They have done a WONDERFUL JOB so i can't see how a businessman President could be such a bad idea.
 

Trampled Underfoot

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9% sales tax will derive a far greater amount of revenue from the rich as they are the ones who consume the most as well as purchasing luxury items.

Everyone should have a tax burden. Saying that 9% income tax on anyone is a disproportionate burden is laughable.

9% corporate tax rates 'should' spur hiring as businesses will look to outsource less due to favorable rates. Of course, Muff will argue that no corporation pays the listed marginal rate. Anyway, corporations do not 'pay' tax anyway. If their cost of good sold goes up, guess what, so does your cost to buy the good so the end consumer ends up paying the tax anyway. Lower corporate rates will help.

as for a businessman in the Whitehouse as scary? Well, Congress is basically run by lawyers and we have a $14T - nearly 15T deficit. They have done a WONDERFUL JOB so i can't see how a businessman President could be such a bad idea.

So you want to tax the middle class and the poor 9% on their income and then 9% on purchases? Good luck stimulating the economy.
 

ssd

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yep.

go here and read it before your head splits open because you read "9% income tax on the middle class OMFG!"

http://www.hermancain.com/999plan

His economic plan specifically calls for empowerment zones that will target inner cities to promote economic recovery. For people living and working in an empowerment area, they would be eligible for tax deductions, one of the very few ways to get a tax deduction under this 999 plan.
 

StevieD

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9% sales tax will derive a far greater amount of revenue from the rich as they are the ones who consume the most as well as purchasing luxury items.

Everyone should have a tax burden. Saying that 9% income tax on anyone is a disproportionate burden is laughable.

9% corporate tax rates 'should' spur hiring as businesses will look to outsource less due to favorable rates. Of course, Muff will argue that no corporation pays the listed marginal rate. Anyway, corporations do not 'pay' tax anyway. If their cost of good sold goes up, guess what, so does your cost to buy the good so the end consumer ends up paying the tax anyway. Lower corporate rates will help.

as for a businessman in the Whitehouse as scary? Well, Congress is basically run by lawyers and we have a $14T - nearly 15T deficit. They have done a WONDERFUL JOB so i can't see how a businessman President could be such a bad idea.

So you think that 9% of a guy making $50,000 a year will hurt as much as 9% of a guy making a million? That is what is laughable.

Also he wants zero tax on capital gains. I wonder who that will help? Considering most of the Ultra Rich get their money from capital gains.

And we just had a businessman, a failed one, but a businessman in George Bush. How did he do?

The Government is not a business. It can't be run as one. We did pretty good as a country for over 200 300 years before we put a businessman in the White House.
 
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