There’s no doubt that Herman Cain’s challengers for the Republican nomination want to knock him out of the race ASAP. They want the nomination. There is also no doubt that his challengers, and the media, are not being honest with you about Cain’s 9-9-9 plan.
The demagoguery begins with misrepresentation #1. Adding a sales tax. The truth that they all intentionally miss is that this plan REPLACES (that means ends) the current income tax, payroll tax, capital gains tax, death tax, and the double taxation of dividends. This 9 percent sales tax is not in addition to the current IRS tax code. The taxes that are eliminated more than make up for a 9 percent tax which is applied only on new goods and services. Advantage to ‘working people.’
On the corporate / business level, Cain’s 9-9-9 plan provides certainty. The 9-9-9 plan eliminates the FUD factor. The biggest impediment to economic recovery we face is the Fear, Uncertainty, and Doubt that this administration foments, and that Cain’s challengers’ plans do not address. His challengers want to tinker around with the current abortion of a tax code which is part of the problem for our economic woes. The current tax code, which supports hundreds of special interest lobbyists and manipulative politicians, must go.
Whether it is a deliberate dodge or incomplete preparation, Cain’s opponents (media included) don’t talk about Phase 2 of Cain’s plan for economic recovery. That’s because they have nothing better that can touch it.
Phase 1 will give an immediate stimulus to business and personal income. It will end the FUD factor. It will increase the tax base. It will level the playing field for our multi-national businesses. The reason Phase 1 is needed is because it will be an economic stimulus right away. And it does all that now.
The other blatant obfuscation of Cain’s 9-9-9 plan is its ‘Phase 2.’ Enacting the FairTax requires educating the folks about it. Because of that, it will take longer to implement. What they are all missing is that 9-9-9 is the bridge to the FairTax. 9-9-9 is Phase 1. The FairTax is Phase 2. Which so far has not even been mentioned by his opponents or the media.
Bottom line, Herman Cain has the right solution to the country’s problem. It is bold enough to do exactly what is needed. The FairTax will be the economic engine to grow our economy. And growing the economy is the only possible way to solve our economic problems. The solution is not higher taxes. The solution, according to Cain, is eliminating the FUD factor, decreasing spending, broadening the tax base, and decreasing taxes.