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Wednesday, October 12, 2011

More on Herman Cain's 9-9-9 Tax Plan

Cain Following up on Monday's post, Kleinbard on Herman Cain's 9-9-9 Tax Plan:

http://taxprof.typepad.com/taxprof_blog/2011/10/more-on--1.html

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Comments

As usual, Bartlett misportrays the issue. Flat tax or national sales tax proposals are not "regressive" except in the sense that such tax systems would force Congress to openly pass legislation appropriating funds to help less fortunate members of American society -- and bear the full political risk of such a policy -- rather than disguising such wealth redistribution under the banner of "progressive" taxation or so-called "tax expenditures."

Posted by: Jake | Oct 12, 2011 10:27:12 AM

I suppose it is necessary to sagely consider any and all proposals, no matter how cracked the pot that they come in. Thousands of hours will be spent analyzing in minute detail such wonderful schemes as a flat tax, a VAT, a 999, a 666 or just getting rid of all taxes and paying as we go. What would really be nice is if politicians would quit using the tax code as a cheap and easy way to pander to voters in the hopes of getting their turn to ruin the country. Find another topic. Trying to get rid of the deficit by lowering taxes is like trying to square the circle. It will take thousands of years to finally understand that it cannot be done.

Posted by: George | Oct 12, 2011 12:26:09 PM

@George: "Trying to get rid of the deficit by lowering taxes is like trying to square the circle. It will take thousands of years to finally understand that it cannot be done."

Sure it works, IF the government stops the pork spending, eliminates the waste on stimulus and green energy programs, and doesn't offer new entitlements. Revenues have increased in the past by lowering taxes, but deficits cannot be reduced if spending goes up even more.

Video link: Ronald Reagan

Posted by: Woody | Oct 12, 2011 9:16:10 PM