(Image Source: Wikipedia Commons / Gage Skidmore)


BY ERIK SHUTE
ANCHOR JONAH JAVAD

 

You're watching multisource political video news analysis from Newsy
 

Down a ‘9’, but not out. On Friday, GOP Candidate Hermain Cain announced he’s dropping the middle 9 of his 9-9-9 plan as an exemption for the poor. Now, reactions from the political field focus on the details -- or lack there of, in Cain’s triple digit deal.


CNBC was there to hear Cain’s announcement set against the backdrop of a depressed Detroit neighborhood.


“If you're at or below the poverty level, your plan isn't 9-9-9, it's 9-0-9. Say amen, y'all? 9-0-9.”

 

In other words, if you are at or below the poverty level based on family size, then you don't pay the “middle nine” tax on your income.


The media spent time analyzing Cain’s decision wondering if his fool-proof 9-9-9 plan is becoming too complicated.
Fox News talked with 2008 GOP Candidate Mike Huckabee.


“What people loved about 9-9-9 was the simplicity. Now that you start having exceptions and here are different ways in which it can be nuanced it will end up land which is, okay, create some exemptions and then you get more when someone else lobbies... "
 

Analysts on CNN came to a different conclusion. Cain’s plan is starting a much needed conversation -- and he should be prepared to defend it down to the details.


GERGEN: “This is the most important pledge he's making... we need other studies of this plan to determine what the real effects are, otherwise you're buying a pig in the poke.”
AVLON: “This is a problem with bumper sticker policy, the devil is in the details, when rhetoric meets the real world... Some of the clarifications today made it less regressive and he almost put forth a pro-growth, anti-poverty agenda, but there are not a lot of details.”

 


The Washington Post spoke with Roberton Williams, a senior fellow of the Tax Policy Center which approved Cain’s 9-9-9 plan. He concludes if you take 9-9-9 an add ‘0’, what changed?


“‘Those folks are still going to be left with a sales tax...’ So even with the ‘9-0-9’ tweaks, ‘you still have the fact that poor people will bear a higher tax liability, and rich people will bear a much, much lower one.’”


We’ll finish up with a clip from CNN a few months ago, when Cain started promoting his plan - no exceptions.


CROWLEY: “Is there any exception, as you see it, in this consumption tax? Would you -- except for clothing perhaps? Except for food? Would food be a consumption?”
CAIN: No, you don't have to do that.
CROWLEY: No exemptions to the sales tax.
CAIN: No, you don't need those exemptions. No, you don't need those exemptions.
CROWLEY: So a person poor person is paying the same amount of tax on groceries as I am.
CAIN: “Right.”

 


9-9-9 is down a 9, but Cain is still up in the polls. The latest numbers show Cain pulling away in Iowa gaining 37% of caucus votes.

Politics News: Cain Changes 999

Cain Drops a '9' for the Poor, Should 9-9-9 Have Exceptions?

October 22, 2011
(2:34)
GOP Candidate Herman Cain announced on Friday he would allow people living below the poverty line to use a '9-0-9' plan, dropping the 9% income tax.
   
TRANSCRIPT

To leave a comment, please log in with Facebook Connect or your Newsy account. Register here to create one.
MOST RECENT|MOST POPULAR|MOST COMMENTED|HIGHEST RATED

Bankia Suspends Shares; Multibillion Euro Bailout in Future?
The Spanish bank halts trading of its shares in advance of a board meeting. Bankia is expected to request a major bailout from the government.
(2:10)
May 25, 2012
Top News Headlines: Police Find Mother of Kids Left in Shed
More headlines: FBI identifies man in Miami plane incident; Hurricane Bud headed toward Mexico; Wall Street analysts look at Facebook's flop.
(1:24)
May 25, 2012
Exonerated Former Football Star Asks for Second Chance
After Brian Banks' rape conviction from 2002 was dismissed, he's asking NFL coaches for a chance to prove himself on the field.
(1:20)
May 25, 2012
Ukrainian Lawmakers Brawl Over Language Bill
A Ukrainian Parliament session erupted into a boxing match over the proposal to make Russian the official language of the eastern region.
(1:13)
May 25, 2012
Average Salary for CEO: $9.6 Million
According to an analysis from The Associated Press, the average salary for the head of a public company was $9.6 million in 2011.
(2:28)
May 25, 2012
Egyptian Election Pacing Toward Secular-Religious Showdown
Muslim Brotherhood candidate Mohamed Morsi and former air force chief Ahmed Shafiq poised to face off in second round.
(2:02)
May 25, 2012
French President Makes Surprise Visit to Afghanistan
The new French president visited Afghanistan vowing to pull all French troops from the country by later this year.
(1:42)
May 25, 2012
Microsoft Holds Top Spot in Google Piracy Report
Google released an online piracy report which shows that Microsoft holds the top spot for URL removal requests.
(1:37)
May 25, 2012
Top News Headlines: SpaceX Nears Historic Hookup
More headlines: Hollande visits Afghanistan; Bankia shares suspended; Suspected suicide bomb kills two in Turkey.
(1:29)
May 25, 2012
Iran Talks End in Stalemate
Lack of decisive resolution to nuclear negotiation prompts diplomats to postpone Baghdad talks.
(1:23)
May 25, 2012
New Orleans to be Largest City Without Daily Newspaper
The 175-year-old New Orleans Times-Picayune will cut back production, cut staff and focus on digital.
(1:59)
May 25, 2012
Mortgage Rates Hit Record Low
The average rate for a 30-year fixed loan fell to 3.78 percent. That's four straight weeks of lows.
(1:46)
May 25, 2012
Facebook Launches Camera App
Facebook Camera is now in the Apple app store, complete with the ability to swipe to see albums and tap to see enlarged photos.
(1:43)
May 25, 2012
Warren, Brown Neck and Neck in Mass. Senate Race
The latest poll has Elizabeth Warren and Scott Brown in a dead heat, with 48% backing Brown and 47% backing Democratic challenger Warren.
(1:29)
May 24, 2012

Newsy

www2