Cain Tweaks 9-9-9 Tax Plan to Allow Exemptions

By: Kasie Hunt and Philip Elliott, Associated Press
By: Kasie Hunt and Philip Elliott, Associated Press

Cain Tweaks 9-9-9 Tax Plan to Allow Exemptions

Detroit, MI (AP) - Republican presidential hopeful Herman Cain is
redefining his signature "9-9-9" tax plan, which would have meant
a tax increase for more than four out of five Americans.

Cain on Friday proposed what he calls "opportunity zones" to
help spur neighborhoods in need of a jolt. Cain spoke in front of
an old train depot in Detroit that saw its last passenger in 1988.
Cain says sites such as that one would find a second life under his
economic plan.

Cain also proposed that some economically depressed areas could win exemptions from zoning and building codes. He says minimum wage laws could be waived to give more people jobs.

And he's proposing new tax brackets to reflect different income
levels.

-------------------------------------------------------------

Cain: Out with the Old Tax Code, In with 9-9-9

Las Vegas, (AP) - Herman Cain is defending his tax plan a day
after his Republican rivals assailed his 9-9-9 proposal in a
presidential debate.

At the Western Republican Leadership Conference on Wednesday,
Cain told the audience that his plan will throw out the current tax
code. He says his opponents want to build on what's already in
place.

Rick Perry says he wants to throw out the tax code and replace
it with a flat tax. Mitt Romney wants to make less dramatic tax
changes.

Cain said his opponents, including former Pennsylvania Sen. Rick
Santorum, were too focused on what kind of plan could pass
Congress. He said he wasn't worried about Congress. That's the
"difference between a politician and a problem-solver," Cain
said, which is how he's positioning himself.

(Copyright 2011 by The Associated Press. All Rights Reserved.)


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  • by Ken Location: Tallahassee on Oct 23, 2011 at 05:54 PM
    Have you heard about H.C.'s 4th 9? Don't worry you will if he is elected!
  • by n,a Location: n,a on Oct 23, 2011 at 06:14 AM
    I can understand were yall are come from I am on SSI because if alot medical problem i have and i can't work at all so ur say someone who has alot of medical problem like be need to be cut i dint think so i have all ray had surgery done and that won't never fix it at all and ur right we don't need him we need someone who well tell everyone to grow up and get a job
  • by Who really will get the money on Oct 21, 2011 at 06:20 PM
    we don't need more taxes. We need less spending. You want more money stop spending it all. Cut half if these people on Medicaid, Foodstamps ect and stop bribing then to have children out of wedlock vs going on to college and getting a degree. All of you who think more taxes means more money to the little guy, you are not the little guy China is and if they get more taxes that will be who gets the money not you all.
  • by L on Oct 20, 2011 at 11:50 AM
    I can't wait for vote for Herman Cain.
  • by unbeleivable on Oct 20, 2011 at 07:04 AM
    People are so stupid. I like Cain and he will certainly get my vote. His 9-9-9 plan will take years to get implemented but it is a good start. There are things in it that will be refined and polished as it progresses. There is no way that he will be able to implement it the first year or two of his Presidency. The truth of the matter is that something like 48% of the population pay no tax whatsoever under our current tax code. Under Cain's plan everyone gets to pay, including the drug guys and the illegals. Also, the rich do pay more because they are the ones that are going to buy the big ticket items that will carry a higher sales tax. I intend to go to http://hermancain.com and read more about it. I hope the fools like "Anonymous @04:47AM" will take the time to do so as well.
    • reply
      by Gerry on Oct 20, 2011 at 07:51 AM in reply to unbeleivable
      You don't know what you're talking about. Are you trying to say 47% of families pay no federal income tax? That is not nearly the same as saying 48% of the population pay no tax whatsoever. FICA is federal tax. Did you know that? Sales tax is a regressive tax. Do you know what that means?
      • reply
        by get real on Oct 20, 2011 at 12:53 PM in reply to Gerry
        Re-read the person's post sir. It clearly says "under our current tax code". That should give you a hint. Moron...
        • reply
          by Gerry on Oct 20, 2011 at 02:28 PM in reply to get real
          Title 26 of the US Code is the Internal Revenue Code. Subtitle C is Employment Taxes. Chapter 21 deals with FICA.
        • reply
          by say what? on Oct 20, 2011 at 02:54 PM in reply to get real
          This "Gerry" dude obviously has nothing to do all day if he can quote you where the tax codes are described. Get a life.
  • by Gerry Location: Tallahassee on Oct 20, 2011 at 06:39 AM
    Cain's plan includes food and medicine in the 9% sales tax. Cain's plan is simple, perhaps simple-minded. Even at subsistence level, people have to eat. Fixed income retirees are going to see a 9% tax on medicine. How is an older person whose income is entirely from Social Security, going to like a 9% sales tax on food and medicine. Not much, I would guess. This plan is a gimmick. Herman Cain is a gimmick.
    • reply
      by Jack on Oct 20, 2011 at 07:48 AM in reply to Gerry
      You're a gimmick.
      • reply
        by Gerry on Oct 20, 2011 at 08:31 AM in reply to Jack
        Try to find out the difference between "tact" and "tack." Do you read at all or do you just listen to Limbaugh the high school grad on radio? PS: At 11:30 AM, Cain below 7% on intrade.
        • reply
          by Jack on Oct 21, 2011 at 04:28 AM in reply to Gerry
          Not the same Jack that commented earlier. But I have noted several posts you've made that refer to Intrade. You seem to follow that pretty closely, always pushing the current stats of the candidates. Do you feel that Intrade is an unbiased mix of the majority of America presenting a true picture of the candidates standing? From your earlier post I also note that you're concerned about retirees being able to afford the 9% sales tax. As learned as your appear to be, assume you're familiar with the Fair Tax proposal. What are your thoughts on the Fair Tax?
        • reply
          by Gerry on Oct 21, 2011 at 08:02 AM in reply to Gerry
          @ Jack I think Intrade is European, based in Ireland, I think. It is not just Americans who buy and sell. It has the advantage of being continuous, a number is always available. I've never bought or sold. An American can't use a debit or credit card to set up an account. I'd guess the Intrade player would be more knowledgeable and motivated than most. I don't know enough about the Fair tax to comment.
    • reply
      by say what??? on Oct 20, 2011 at 08:03 AM in reply to Gerry
      Herman Cain is a gimmick? And you sir, are an idiot.
  • by finance major Location: Tallahassee on Oct 20, 2011 at 05:20 AM
    Actually if you do any in depth study at all, while Cains plan is by no means perfect, it is most certainly better than what is currently in place. Everyone who buys any thing is currently paying hidden or "embedded" taxes. You make it fairer by cutting out the loopholes and exemptions that big corporations and the wealthy now utilize, and get rid of the insane tax code in place now. It increases taxes on the "poor" only by making everyone equally accountable that earns living and is able to consume products. Lets not call anyone anything, just study their plans and debate the merits. Cain at least has the guts to offer a solution, not keep appeasing the special interest and politics as usual.
    • reply
      by MBA major on Oct 20, 2011 at 05:53 AM in reply to finance major
      Well said. We go from a 22% embedded tax to a 9% point of sale tax.
    • reply
      by Tallynole on Oct 20, 2011 at 06:20 AM in reply to finance major
      Please link to the in depth study that shows this... Every study that has been conducted said this will only raise taxes on everyone but a select few. Also all this tax code will do is drive the used market (exemptions from sales tax for used items) which does nothing for businesses and industry.
  • by Anonymous on Oct 20, 2011 at 01:47 AM
    And his rivals have good reason to call him out - he admits his clever idea would increase taxes on the poor and give a larger tax reduction to the rich. Lets call him "Herman Hood" - take from the poor to give to the rich.
    • reply
      by Jeff on Oct 20, 2011 at 05:18 AM in reply to
      That is the dumbest thing I've read this morning.
      • reply
        by L on Oct 20, 2011 at 11:51 AM in reply to Jeff
        Agreed.
    • reply
      by GV on Oct 20, 2011 at 05:22 AM in reply to
      How is making everyone pay their fair share"taking from the rich and giving to the poor"?It's the poor people who get the taxes given to them after they are collected,not the rich.Now everybody's money would get redistributed,not just the ones who work for a living.
      • reply
        by Old Soldier on Oct 20, 2011 at 06:07 AM in reply to GV
        Seems to me anyone who puts stupid remarks out like this Anonymous person, they never even bother to investigate hermans Cain's proposed tax plan and is simply speaking vial trash. I would llabel this person as a POS liberal
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