Cain on Debate: Attacks on 9-9-9 Tax Plan Unsubstantiated

Wednesday, 19 Oct 2011 04:20 AM

By Hiram Reisner

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Fresh off Tuesday night’s fiery GOP presidential debate, Herman Cain refuted claims that his much-attacked 9-9-9 tax overhaul plan will raise taxes on the average American and said he was not given enough time to fend off the unrelenting assaults on his proposal.
 
“It was a little frustrating at first, because I was getting attacked so much on our plan, the 9-9-9 plan — and I really didn’t feel as if I had ample, enough time to counter some of it, but I know we had to move on,” Cain told CNN’s Anderson Cooper. “Look, we had fiscal associates analyze this whole thing from a static standpoint and a dynamic standpoint — we provide all the analysis, all of the tables — and if they go through it, they will see our assumptions.

“What some of these organizations are doing, they are making their own assumption which do not agree with our assumptions,” Cain said. “And so, this is why I make my appeal to the American people: Sit down and do your own 9-9-9 math and see how it affects yours family relative to the taxes you paid last year.”

Editor's Note: Who’s your GOP pick for 2012? Vote Here Now.

Cooper noted that all the other six candidates on the Las Vegas debate stage launched barrages against Cain’s plan and said it would result in higher taxes. The CNN host noted that the 47 percent of Americans who pay no taxes would do so under Cain’s proposal.

Cain disagreed.

“No, for two reasons: Prices would go down. We take the embedded — we take the embedded taxes out of the cost of goods and services in that first ‘9’, because businesses are able to deduct those purchases made from U.S. companies — and what will happen is competition will drive [down] prices, and as a result, people won’t be paying any more,” Cain said. “Secondly, because of the new goods/used good rules . . . if you buy used goods, you don’t pay taxes on it because it has been paid — everything gets taxed once — this is why most people will actually see a tax decrease if they go through the math.”

Cooper asked Cain now that in many polls he is running neck-and-neck with former Massachusetts Gov. Mitt Romney, whether he has the money and organization to take him on down the campaign road. Cooper said that some analysts have suggested that Cain does not.

“First of all, we already staff in New Hampshire, Iowa, South Carolina, Florida, and in several other states — we have a staff of about three people in New Hampshire, and we’re in the process of adding more people in New Hampshire,” Cain said. “The other thing is, we are raising money — we got money to stay in this race — people are saying we are broke now.

“The other thing is, we are hiring people now — we are hiring people for our corporate offices for all of the states — we are ramping up,” he said. “And the good news is, there are plenty of good people out there, and we are adding them very rapidly.”

Editor's Note: Who’s your GOP pick for 2012? Vote Here Now.

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