Cain: My tax plan is better
October 31st, 2011
01:53 PM ET
3 years ago

Cain: My tax plan is better

Washington (CNN) - Despite the media swarm focused on the sexual harassment allegations surrounding Herman Cain, the presidential candidate aimed to defend his 9-9-9 tax plan and slinging a few arrows at his competitors during a fiscal policy discussion in Washington, D.C Monday.

Speaking at the American Enterprise Institute, Cain said his Republican opponents were "scrambling to come up with something" better than his proposal.

His comments come nearly a week after Texas Gov. Rick Perry introduced a plan that would give taxpayers a 20% flat tax rate option. Calling Perry's plan the "flat tax light" plan, Cain argued it keeps many of the present-day tax provisions and doesn't differ strongly enough from the current system.

The former Godfather's Pizza executive jumped to front-runner status over the last month while pushing his tax plan, which proposes a 9% rate on corporate taxes, a 9% rate on income taxes and a new national 9% tax rate.

After taking heat for his plan at a recent CNN debate in Las Vegas, Cain said other candidates' plans simply "pivot off the current tax code" rather than scraping it entirely and starting over with new ideas.

In an apparent knock against opponent Mitt Romney, who introduced a lengthy economic plan in September, Cain said '9-9-9' offers "individual solutions to problems" and not "a 59 point plan that covers a whole lot of stuff that's not even related."

When asked if Cain thinks he can sustain his campaign's momentum to win the GOP nomination, Cain said it's up to the American people, not the Republican Party.

"That's why this flavor of the week, is now the flavor of the month, and it still tastes good," Cain said.

The packed room was buzzing with higher-than-normal media attention, as the event was Cain's first public appearance since news broke Sunday night of alleged sexual harassment cases against Cain when he led the National Restaurant Association.

The moderator asked that audience questions be related to fiscal policy only, saying Cain will make more appearances later in the day and can answer questions then.

"I will take all of the arrows later," Cain said when one person posted a question about the allegations.

Also see:

Paul to end student loans?

Cain denies harassment allegations

Heating up between Romney, Obama camps


Filed under: 2012 • Herman Cain • Taxes
soundoff (20 Responses)
  1. Wire Palladin, S. F.

    Actually, Herb's plan and Perry's plan both (Mittens will say he thought of them first) will bankrupt America. But the republicans have been on a mission to do just that for years.

    October 31, 2011 01:59 pm at 1:59 pm |
  2. Greg in Arkansas

    "Tax plan is better"......for who???.....not the 99%ers, that's for sure.....

    October 31, 2011 02:02 pm at 2:02 pm |
  3. Clwyd

    What is it now? 9-0-9 or 9-9-9 or the real name 666? all designed to lower taxes for the rich and make those who can't hardly feed them selves start paying what little they have! Republicans are all animals of the lowest form!

    October 31, 2011 02:07 pm at 2:07 pm |
  4. Ron

    My Cain is mentally ill if he actually thinks the republican and democratic congress will eliminate the tax code. The code protects too many of the rich who pay off these congressmen and their elections.

    October 31, 2011 02:13 pm at 2:13 pm |
  5. Four and The Door

    9-9-9 is based on proven economic principles and can be a key part of solving several of the problems that have just gone the wrong way the harder Obama has tried to fix them. It will get American businesses back in growth mode. It will put Americans back to work. And both of these will drive Federal Government revenues up. Yes it can be done and we can do it with someone who knows how to manage a budget and an organization. Coming soon. January 2013.

    October 31, 2011 02:16 pm at 2:16 pm |
  6. Yellow Rose

    Wire Palladin, S. F.

    Actually, Herb's plan and Perry's plan both (Mittens will say he thought of them first) will bankrupt America. But the republicans have been on a mission to do just that for years.
    ***********************************************************************************************
    Well, the Republicans may "have been on a mission" to bankrupt America, but the Democrats have bankrupt America. Lets just say the Republicans haven't accomplished their mission like the Democrats have.

    October 31, 2011 02:20 pm at 2:20 pm |
  7. Wire Palladin, S. F.

    @Yellow Rose- It will be hard to surpass "W's" increase in the national debt. Unfunded wars, unfunded tax cuts, and big bank and wall street bail outs, have added over $5.5 trillion by conservative estimates.

    October 31, 2011 02:27 pm at 2:27 pm |
  8. Indy

    Four and the Door

    You have a blanket statement that says that Cains 999 plan will put Americans back to work, and you talk about proven economic principals, then you say it can be done with someone that knows how to manage a budget. Could you please provide some back up to what you are saying I really would like to hear more about the facts you are basing this on.And you are talking about Congress when it comes to knowing how to budget right ? Thanks

    October 31, 2011 02:47 pm at 2:47 pm |
  9. Sniffit

    "9-9-9 is based on proven economic principles and can be a key part of solving several of the problems that have just gone the wrong way the harder'

    No it's not. It's complete and utter pandering follishness from any standpoint you look at it. It's not even serious. Economists have overwhelmingly panned it and pointed out that it would raise taxes on 84% of us and decrease it for those making $200K or more...so much so that people making $1M or more would see a 174% decrease in their collective share of the nation's tax burden. But hey, if you'd like, I'll gladly agree with you that his plan is "based on proven economic principles"...if you want to stipulate to that, then it would simply prove that instead of being a clueless grifter trying to buy votes with nice-sounding bad plan, Cain actually knew what his plan would do and intended the wealth and burden shifting middle-class destroying effects of his so-called tax reform plan.

    October 31, 2011 02:49 pm at 2:49 pm |
  10. ThinkAgain

    Better than what, a stick in the eye?

    Go away, Herbie ...

    October 31, 2011 02:52 pm at 2:52 pm |
  11. Sniffit

    "It will get American businesses back in growth mode. It will put Americans back to work. And both of these will drive Federal Government revenues up. "

    CUTTING TAXES DOES NOT, HAS NEVER AND WILL NEVER INCREASE GOV'T REVENUE. Cain's plan would completely obliterate revenue and kill SS and Medicare. Any minor increase in revenue attributable to decreasing unemployment would come nowhere near the amount of revenue already lost by reducing taxes to 9%.

    October 31, 2011 02:52 pm at 2:52 pm |
  12. Rudy NYC

    Four and The Door wrote:
    9-9-9 is based on proven economic principles and can be a key part of solving several of the problems that have just gone the wrong way the harder Obama has tried to fix them.
    --------–
    Unfortunately for Mr. Cain's plan, the "proven economic principles" that you are referring to have the colloquial name "trickle down economics." Simple mathematics easily proves that if the plan were in effect this year, the annual deficit would easily be $500 billion higher.

    Name one problem that Obama has tried to solve that has gone the wrong way. Oh, please, say unemployment rate. I suggest that you check your facts before you say unemployment rate. The conservative spin machine has the actual facts completely distorted from reality.

    October 31, 2011 02:53 pm at 2:53 pm |
  13. ThinkAgain

    If lowering taxes on wealthy individuals and corporations resulted in job creation HERE IN THE US, then why hasn't this happened yet? The Bush tax cuts have been in place for 10 years.

    October 31, 2011 02:53 pm at 2:53 pm |
  14. ThinkAgain

    How does Herbie explain the 40-year economic expansion starting with FDR's New Deal (when upper-bracket taxes were much higher than today) and continuing until Reagan (when upper-bracket taxes were cut)?

    October 31, 2011 02:54 pm at 2:54 pm |
  15. Al-NY,NY

    9-9-9. 9-0-9......what's next Herm....9-infinity-9? Get your head out of it and be clear on one issue for once.

    October 31, 2011 03:01 pm at 3:01 pm |
  16. Mike

    Wire Palladin do you know what planet we are on? Obama has already passed Ws increase in national debt and when this idiot idea of obama care takes effect he will have more than doubled it! Man you liberals are clueless it is almost comical! If you want to be a socialist so bad move to the wonderful and caring peoples republic of china or europe!

    October 31, 2011 03:15 pm at 3:15 pm |
  17. The Real Tom Paine

    Four and The Door, those princples have been proven to work in Chile: do we look like Chile?

    October 31, 2011 03:22 pm at 3:22 pm |
  18. The Real Tom Paine

    Mike, thanks to the policies of the cons over the last 30 years, China, own us. Its too bad you can't admit your whole philosphy is based on a false premise of borrowing, spending, then cutting revenue. Most of those decisions were made during those years you thought were so wonderful the Bush years, where we saw a net gain of only 2 million jobs in 8 years.

    October 31, 2011 03:25 pm at 3:25 pm |
  19. blaqmajik

    wire Palladin, Don't listen to these fools supporting W's mismanagement of our country's finances. It’s like explaining English to a dog, yeah they might get some key words, but will they ever be able to hold a conversation...nope!

    October 31, 2011 03:28 pm at 3:28 pm |
  20. The Greedy Old PIgs have declared class war on US!

    "9-9-9 is based on proven economic principles " LOL! Good joke there, Four. Oh wait, you're serious? Then tell us when and where exactly Mr. KochCain's plan (or one with the same "principles") has ever worked for a country like the US.

    October 31, 2011 03:33 pm at 3:33 pm |