By BARBARA ESPINOSA

Herman Cain’s sound bite “If ten percent is good enough for God. then nine percent should be good enough for the government” sounds good and everyone claps and nods their heads.

.
It doesn’t make a difference what language you say NINE NINE NINE English or
Spanish nueve, French neuf, German neun, Greek nona, Arabic nain/,Hebrew Tey’sha it’s using the marketing technique of repetition to get people to agree and remember what you said. That’s the reason commercials are repetitious.

Economist have debuked that 9-9-9 is a good plan, main reason the higest paid wage earners who now pay higher taxes would be paying less. It’s a 3 step plan that would end up without interest deduction on home loans and other deductions for families such as child care, before you shake your head yes to nine-nine-nine, learn all the facts.

Herman Cain’s bid for the Republican presidential nomination is fueled in part by his proposed U.S. tax code overhaul that tax policy veterans say doesn’t add up.

Herman Cain’s bid for the Republican presidential nomination is fueled in part by his proposed U.S. tax code overhaul that tax policy veterans say doesn’t add up. Photographer: Spencer Platt/Getty Images

Herman Cain’s bid for the Republican presidential nomination is fueled in part by his proposed U.S. tax code overhaul that tax policy veterans say doesn’t add up.

His proposal is gaining attention after a Washington Post-ABC News poll released yesterday found that Cain is tied for second place with Texas Governor Rick Perry among Republicans and Republican-leaning independents. A Quinnipiac Universitypoll published today has Cain in second place and Perry in third.
In campaign stops, Cain touts his 9-9-9 plan as a concept that will lead to a fairer tax system. The proposal would tax sales transactions and gross income for individuals and businesses at 9 percent while eliminating levies on capital gains. It also ends the taxes that fund Social Security, and corporations wouldn’t pay a tax on dividends.

Following the broad contours of Cain’s plan, the U.S. would have collected almost $2 trillion in 2010, according to a Bloomberg News calculation based on data from the Commerce Department’s Bureau of Economic Analysis. The U.S. actually collected almost $2.2 trillion that year, according to the White House Office of Management and Budget.

UNREALISTIC PROPOSAL

Tax policy experts say Cain’s plan is unrealistic because it presumes that no deductions and exemptions will be permitted, no matter how popular.

“Either Herman Cain is the tax messiah or is proposing a system that has no correspondence to real-world tax systems,”said Edward Kleinbard, a former chief of staff to the congressional Joint Committee on Taxation. “In practice, it will have the same economic effect as a 27 percent uncappedpayroll tax.” Read Full Article

Read More: www.americanfreedombybarbara.com