Washington (CNN) - A leading fiscal conservative group, Club for Growth, supported Herman Cain's '9-9-9' tax plan Friday, saying it would pave the way to an "economic boom."
"Herman Cain's proposal might not be the perfect plan, but it is a truly revolutionary tax reform that would amount to a massive job creating tax cut on investments, savings, and income," said Club for Growth President Chris Chocola.
The presidential hopeful hit the road today on a bus tour promoting the plan, which aims to replace the current tax system with a flat 9% rate on income taxes, a 9% rate on corporate taxes and a new 9% national sales tax.
The group, which lobbied strongly against any tax hikes in this summer's debt ceiling showdown, applauded Cain for proposing to eliminate taxes on capital gains and dividends. Meanwhile, its president chided other GOP White House hopefuls for holding back on presenting their own low-tax plans.
"Instead of tearing down ideas that would create economic growth and jobs, the other Republican presidential candidates should produce their own plans to achieve a flatter and more growth-oriented tax code," Chocola said.
But not all fiscal conservative groups are fully enthused by Cain's proposal.
Grover Norquist, an anti-tax political heavyweight in Washington and president of Americans for Tax Reform, described Cain's plan to CNN on Thursday as bold and dramatic but warned against adding a national sales tax.
"If you've got one needle drawing blood out of your arm, that can hurt," Norquist told CNN's Jim Acosta. "You put in two more, you really begin to draw blood out of a person or the income out of people's pockets."
From CNN Politics
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Decreasing taxes ont he rich and increasing taxes on the the poor – How can you switch the burden from the rich to the poor – THEY DON'T HAVE IT!!!!!
Where is the real substance after 9-9-9 fizzles out?
Forget it. This plan won't see the light of day. Noone but the ignorant support it.
At least "Nortwist" doesn't want to pay a national sales tax anymore than I do. But, I just can't vote for a man I don't like or trust.
Concervative groups that are filthy rich and don't give a damm about struggling American's,YEAH THAT GROUP.
Another reason not to back Cain. None of the mooks who are part of this secret society give a rat's a$$ about solving our problems, as long as they stay wealthy and the remaining 99% are kept to busy trying to survive.
I'm glad we have this 9-9-9 plan, now there will be incentive for some to invent the personal computer, electric cars, and even I-phones. Now that we know that it a level playing field and even the poor person making $20,000 a year will pay the same amount as a person making $20,000 a year, but has a million dollars in capital gains in additional income - this economy is really going to take off.
And the dividends that companies (some of which live off the taypayer) pay to stockholders - guess what, free baby, free and clear money - just like selling drugs on the street.
Even I could run against this kind of thinking.
now I KNOW this plan is no good if a conservative group like this backs it.
Eliminate capital gains & dividend taxes? 9% sales tax? I ain't buyin' it! (Pun). Flip it to 9% on CG's & dividends about a certain amount & no sales tax, talk about a stimulus! Now you've got a winner...
If the GOP knew what was good for it, they would stay as far away from anything Grover Norquist says or does.
Good for Herman Cain many media pundits try to bring Herman Cain campaign down using 9-9-9
It is not the 9-9-9 plan – it is the C-C-C plan: Cut taxes for the rich; Cut benefits for everyone else; Cut regulation so to make the world safe for exploitation.
Of course the Club for Growth loves this. If a millionaire has to pay 9% more for a gallon of milk for this VAT so be it. Now tell the same thing to the family that is struggling to make ends meet that milk now costs 9% more. The cost analysis of this fiasco is showing there will be a significantly higher burden on those with an annual family income of less than $120K. Under this plan, every one will be paying a 9% VAT, even the states with no Sales Tax. Lower income families will have a tougher time deciding between paying for heat in the winter, medicine or food. And what about retirees on fixed incomes? Will they be expected to pay 9% of their income in taxes, too?
Once Joe Six-Pack realizes that his wallet will be hit a lot harder, then you can watch Herman go down hard. Unfortunately, some other right-wing-nut on this blog will probably point out that is why they need Ron Paul. There. I saved you the trouble of saying it.
Cancer often can start with a growth. The club for growth has made every elected republican have the backbone of oatmeal.
I'm trying to figure out how long it will take Mr. Cain to learn from not walking down flights of stairs with your hands in your pockets......l think since he's already a corporate shill and the de facto's have already signed the certificate for Bachmann, Newt, Paul, and Mittens, Cain and Perry will be it............I know, it's hilarious!
So let's see. If I'm a minimum wage worker who doesn't currently pay Federal income tax, I will now have to pay 9% of my income regardless of the fact that it isn't enough to live on as it is. And since I'm only a human person and not one of those Supreme Court fictional corporation persons, cutting that tax doesn't help offset my new taxes. And now I have to pay a 9% sales tax on almost everything I buy. How's that for Class Warfare. Sounds like a rout to me.
Sure they do........it does benefit the rich. I cannot support it, in its present form, period.
While I don't believe in taxing the rich unfairly, I do recognize the need for the wealthiest people in the country, to pay more than ordinary working people, who barely make a living.
Nor can I support a national sales tax. It unduly adds cost of living for lower middle class, and poor families, and it does NOT ensure funding of the federal government.......something we cannot leave to the vagaries of the economy.
I like Herman Cain........but I cannot, and will not.......support his tax plan.
Oh dear ... where were Teapublican economists when God was handing out brains?
Recently I heard a respected economist state that Cain's 9-9-9 plan will hurt the poor and benefit the rich.
Is this so?
If this is so, is this really what we want to do?
With CAIN more PAIN! Another 999 days of economic chaos. Extreme conservatives have redefined the meaning of christian conservatism to that of Judas, 666!
Well – so now those who are less fortunate and therefore spend most of their income on living expenses will be paying 18% in sales taxes, 9% for state sales tax plus and additional 9% for this new federal tax – how is such a regressive tax OK? Many of these same people who support Cain's idea, applauded the new republican's elected to leadership in many states who refused to raise sales tax revenue, claiming that it would hurt businesses and the economy, but then as a consequence, handed out pink slips to teacher's and first responders due to a lack of revenue. How does anyone explain this huge contradiction?
Here's a little tidbit that the Cain cabal don't like people knowing about: Mr. Cain is a professional lobbyist. One of the things he lobbied the strongest AGAINST was a minimum wage for restaurant workers. Stay classy, Mr. Cain.
Well – so now those who are less fortunate and therefore spend most of their income on living expenses will be paying 18% in sales taxes, 9% for state sales tax plus and additional 9% for this new federal tax – how is such a regressive tax OK? Many of these same people who support Cain's idea, applauded the new republican's elected to leadership in many states who refused to raise sales tax revenue, claiming that it would hurt businesses and the economy, but then as a consequence, handed out pink slips to teacher's and first responders due to a lack of revenue. How does anyone explain this huge contradiction?
What a bunch of morons (mother and son) : Never heard of choices !!
Talk about class warfare. Soaking the poor is the worst type of class warfare there is!