Personal Liberty Digest™ will be upgraded this weekend to reflect a dynamic new look and mobile-friendly viewing to enhance your experience! Plus, we'll be providing even more of the compelling content you've come to expect, delivered in a whole new way!

  Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty
 

Herman Cain Tax Plan: Dubious Or Dream For Conservatives?

October 17, 2011 by  

Herman Cain Tax Plan: Dubious Or Dream For Conservatives?

One analysis of the Herman Cain tax proposal finds that implementation of the 2012 GOP presidential contender’s 9-9-9 plan may be difficult, but conservatives say it is a welcome idea in the tax discussion.

The Washington Post administered a fact check on claims Cain has made about his plan and found at least some aspects of it to be “highly dubious.”

The article says that while Cain’s claim that he will throw out the current tax plan may be true, his ability to replace it with 9-9-9 would take a long time, and the result would be only temporary. The research indicates such because 9-9-9 is the second of three parts involved in the Cain tax goal. The first step would cut individual and corporate tax rates to a top 25 percent rate, and the last step is actually the replacement of any current tax structure — even 9-9-9 — with a national sales tax or Fair Tax.

The article expresses doubt in the plan:

“As denizens of Washington, we find this three-step process to be highly dubious. It takes years, even decades, to fundamentally overhaul the tax code. Herman Cain is going to do this three times in his presidency?”

The Wall Street Journal says the Cain tax proposal “clearly has roots in the Reagan-era antitax movement.” The newspaper reports that Cain even met extensively with conservative economist Arthur Laffer in considering the basis of his proposal. Laffer has said that 9-9-9 will be a “vast improvement to the current tax system and a boon to the U.S. economy.”

Conservative supporters believe that even though Cain’s proposal may take a long time to implement completely, beginning the discussion is the first step.

Sam Rolley

Staff writer Sam Rolley began a career in journalism working for a small town newspaper while seeking a B.A. in English. After learning about many of the biases present in most modern newsrooms, Rolley became determined to find a position in journalism that would allow him to combat the unsavory image that the news industry has gained. He is dedicated to seeking the truth and exposing the lies disseminated by the mainstream media at the behest of their corporate masters, special interest groups and information gatekeepers.

Facebook Conversations

Join the Discussion:
View Comments to “Herman Cain Tax Plan: Dubious Or Dream For Conservatives?”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at newstips@personalliberty.com

Bottom
close[X]

Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to PersonalLiberty.com,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.