If Mr Cain was to gain the presidency what are the chances his 999 plan would get through congress?.
den
2011/11/11 12:39:53
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Top Opinion
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FAWKES' NOOSE ~ ΔTX 2011/11/11 13:26:28
Herman Cain will not be President. It has nothing to do with his groping hand problem, he is clueless about just about everything other than the pizza business. In the last debate, every time he said 999 in that nasal voice, the audience laughed. Cost of bread too high... 999 will take care of it. Russians getting too frisky again.... 999 will handle them. Pipeline running through Nebraska a problem---- try 999 for that. China might provoke a trade war.... no problem, 999 to the rescue.
tell me how does 9-9-9 creates a better education system, or jobs. yes lower taxes is the first step in creating jobs but it is not the only one needed.
I remember that days of when people had jobs, houses, cars and could afford gas for those cars. But, those were the days when we had a republican president and a republican majority in congress.
You probably still erroneously blame the ultra minority TEA party for our credit downgrade.
Cain's 999 plan is just Step I in a two step proposal. Step II is abolishing the 9% flat income taxes on individuals & business, and replaces it with ONLY a sales tax on new goods and services while exempting purchases of used goods, investments, tuition and "B-to-B" transactions. By abolishing all taxes on income and profits, all the embedded taxes that inflates the price of everything we buy today, goes away. With those hidden taxes gone, prices would come down. Add back the national sales tax and most items would sell for around what they did before. And you pay for them with untaxed earnings. The name of this existing bill is "The Fair Tax Act of 2011"
Unlike every tax reform proposal by the other GOP Presidential Wannabees, Herman Cain's Step II is an existing bill (HR-25/S-13) that is already in Congress,
HR-25/S-13 already has been approved in committee hearings in the House Ways & Means Committee and currently has almost SIX DOZEN congressional BIPARTISAN cosponsors.
It's promoters are now waiting for a President that would sign the bill into law once it clears the general floor vote in the House and passes the Senate.
Recall that Ronald Reagan lowered tax rates an...
Cain's 999 plan is just Step I in a two step proposal. Step II is abolishing the 9% flat income taxes on individuals & business, and replaces it with ONLY a sales tax on new goods and services while exempting purchases of used goods, investments, tuition and "B-to-B" transactions. By abolishing all taxes on income and profits, all the embedded taxes that inflates the price of everything we buy today, goes away. With those hidden taxes gone, prices would come down. Add back the national sales tax and most items would sell for around what they did before. And you pay for them with untaxed earnings. The name of this existing bill is "The Fair Tax Act of 2011"
Unlike every tax reform proposal by the other GOP Presidential Wannabees, Herman Cain's Step II is an existing bill (HR-25/S-13) that is already in Congress,
HR-25/S-13 already has been approved in committee hearings in the House Ways & Means Committee and currently has almost SIX DOZEN congressional BIPARTISAN cosponsors.
It's promoters are now waiting for a President that would sign the bill into law once it clears the general floor vote in the House and passes the Senate.
Recall that Ronald Reagan lowered tax rates and simplified the tax code with his Tax Reform Act of 1986. Reagan became president when the top bracket was 70%, TRA'86 dropped the top rate down to just 28%... and he did it with a Democratic Congress.
== == ==
bill Overview
Co-sponsors: Show Cosponsors (8)
Cosponsors:Richard Burr [R-NC]Thomas Coburn [R-OK]John Cornyn [R-TX]Jim DeMint [R-SC]James Inhofe [R-OK]John Isakson [R-GA] Richard Lugar [R-IN]Jerry Moran [R-KS]
Text: Summary | Full Text
Status: Introduced Jan 25, 2011
Referred to Committee View Committee Assignments
Reported by Committee ...
Senate Vote ...
House Vote ...
Signed by President ...
== == ==
Please note the line "Status"
Status: "This bill is in the first step in the legislative process" ...
Where do you see that the bill is 'abandoned' ?
HR-25 currently has 66 cosponsors according to Thomas.gov (link above)
Status: "Referred to the House Committee on Ways and Means."
No mention of the bill being Abandoned.
Adding your link's 8 cosponsors for a total of 74 cosponsors... so I was wrong... its MORE than SIX DOZEN cosponsors. Thanks for the correction, Fawkes!
And you left out this part: "The majority of bills and resolutions never make it out of committee."
...and
"See the Related Legislation page for other bills related to this one and a list of subject terms that have been applied to this bill. Sometimes the text of one bill or resolution is incorporated into another, and in those cases the original bill or resolution, as it would appear here, would seem to be abandoned."
Here's the list for S-13
COSPONSORS(8), BY DATE [order is left to right]: (Sort: alphabetical order)
Sen Isakson, Johnny [GA] - 1/25/2011
Sen Moran, Jerry [KS] - 1/25/2011
Sen Burr, Richard [NC] - 1/25/2011
Sen Coburn, Tom [OK] - 1/25/2011
Sen DeMint, Jim [SC] - 1/25/2011
Sen Cornyn, John [TX] - 3/30/2011
Sen Inhofe, James M. [OK] - 6/6/2011
Sen Lugar, Richard G. [IN] - 6/6/2011
Note the latest additions were June 6th for this "abandoned" bill..
LMAO You're clueless.
If we are discussing how a potential future POTUS can push through legilation, the make-up and status of the current senate has little bearing on the outcome of a bill that would be supported by that hypothetical POTUS.
If the assumption is that the new president would support a bill, the same assumption would be needed for having a congress that would act on that bill. Otherwise, we would need a POTUS with the character of Ronald Reagan to go around Congress and appeal to the legislative body's constituents directly... especially if that constituency had just elected him on a platform that included such proposed reform legislation.
If you can't follow along with the dialog of this thread, Fawkes...maybe you need to take notes.
Fawkes, how does a House bill (HR) get "replaced by" a Senate bill ("S")???
Either a bill passes the house or if fails the house... it doesn't get "replaced" by a bill that is in another legislative body.
Bottom line is that Cain has endorsing & supporting existing legislation while the others are simply pulling stuff out of their rectal-crainial inversion.
years - if ever