asterism
Congress != Progress
He favors the Fair Tax wherein INCOME TAX IS ELIMINATED! One provision in the Fair Tax proposal is that it would not be implemented until the repeal of the 16th Amendment.Perry is the only one making sense on illegal immigration. Sad that the rightwing in the GOP is stuck on this.
The president is not a CEO. He is the foreman with a bunch of disgruntled sub-contractors. LBJ was effective as president because he knew who's ass to kiss and who's balls to kick to get what he wanted. Cain will come in with no such experience. As such he will be less effective than Obama.
As to Cain's tax reform, I am utterly against a national sales tax. First, every such VAT scheme has resulted in higher rates over time. Second, because there are exemptions businesses spend time and resources figuring out ways around the rules instead of focusing on making and selling product.
Here's one article about it:
Europe's VAT Lessons - WSJ.com
Here's another that discusses the arbitrary and capricious nature of VAT in Britain.
TaxProf Blog: WSJ: Small Bras and the VAT
Of course I would pick him over Obama. I'd pick Jesse Jackson over Obama.
There's nothing wrong with that. We could get rid of half the current employees of the IRS and use the rest to collect the tax. Nobody need know how much money anybody else makes...just tax what they spend. What could be simpler?
I don't know where you get your information from, but it is dead wrong. Cain favors continuing the personal income tax and adding a national sales tax. The 9-9-9 plan.
CURL: Cain's '9-9-9' tax plan is fairer share - Washington Times
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.
Phase 2 The Fair Tax
Amidst a backdrop of the economic boom created by the Phase 1 Enhanced Plan, I will begin the process of educating the American people on the benefits of continuing the next step to the Fair Tax.
The Fair Tax would ultimately replace individual and corporate income taxes.
It would make it possible to end the IRS as we know it.
The Fair Tax makes our exported goods and services the most competitively internationally than any other tax system.
999 | Herman Cain for President