October 11, 2011

The Best News for Herman Cain …

Filed under: Taxes & Government — Tom @ 12:13 am

… isn’t his polling number at Gallup, though it’s obviously quite strong and its direction quite dramatic:

GallupGOPraceOct3to7

No, the best news is the number at the bottom right showing that the undecideds have gone from 10% to 20% since the last poll 2-1/2 weeks ago. That’s not supposed to happen at this stage of the contest, especially when no one has dropped out.

This has to mean that a lot of people who thought they had made up their minds are now reevaluating. They know who Romney is; I don’t see how he gets above 25% if the field remains intact. They’re souring on Perry. They’re drifting from Paul; the idea that he’s getting intensely bent out of shape over killing a terrorist who is supposedly a “citizen” is likely a factor.

That 20% undecided is mostly Cain’s to win. Shoot, a good portion of that 20% still probably don’t know who he is. All he has to do is keep doing what he’s been doing, which is being himself, and working hard on visibility, which is why the book and radio/TV appearance strategy so many have ridiculed and have tried to portray as “not campaigning” looks awfully smart.

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2 Comments

  1. A question about the 9-9-9 plan, does the flat income tax of 9% include the 7.65% – SS (6.2%) and Medicare Tax (FICA 1.45%) or is that ON TOP OF THEM?

    While listening to Greta interview Herman Cain this evening, she seem to state it was including them meaning an 1.35% plus the 7.65% and Cain didn’t correct her. So I’m confused, is it 9 plus 7.65 for a total of 16.65% or is it 9% meaning my withholding would drastically drop under this plan???

    If it caps total individual income taxes including SS and Medicare we have a real voter incentive given that the IRS paperwork is going to be greatly simplified and put a lot of people at H&R Block and Jackson/Hewitt out of business not to mention put a big dent in Turbotax and TaxCut software sales.

    Comment by dscott — October 12, 2011 @ 2:06 am

  2. NO. The FICA tax goes away (not as clear on the employer side). The 9% sales tax ends up being smaller in effect than the payroll tax because not all income is spent buying things.

    Downside (or upside, depending on viewpoint): All direct linkage is lost between FICA tax paid in and SocSec benefits.

    Comment by TBlumer — October 12, 2011 @ 2:25 am

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