Meanwhile, Back at Policy Code 9-9-9
While Herman Cain dealt with sexual harassment charges, a sober and wonky discussion -- the first of its kind -- took place today on his 9-9-9 tax plan.
Lowrie's said 9-9-9 is a simpler, more transparent tax system that seeks to boost production incentives and eliminate barriers between capital and entrepreneurs. Lowrie also said 9-9-9 is revenue neutral ("period") and isn't an add-on tax, but a substitute tax.
The American Enterprise Institute welcomed Cain, who discussed the broad outlines, and then followed with a panel discussion featuring Cain's chief economic adviser, Rich Lowrie.
The lengthiest defense against criticism of 9-9-9 can be found in Lowrie's opening statement. That begins at 1:25:40 and ends at 1:40:35.
Lowrie's said 9-9-9 is a simpler, more transparent tax system that seeks to boost production incentives and eliminate barriers between capital and entrepreneurs. Lowrie also said 9-9-9 is revenue neutral ("period") and isn't an add-on tax, but a substitute tax.
"We're pulling out 40 percentage points of taxation and putting in 27 percentage points," Lowrie said, adding the plan has made it "safe for politicians to follow" the former Godfather's Pizza CEO into the tax reform debate.
If you're looking for a substantive analysis of 9-9-9, its economic goals, conservative and liberal criticism, and the relationship between tax policy and U.S. economic growth, this is the best you will find.
Leave A Comment