Political Notes – Cain plan cuts taxes for upper-income brackets

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The analysts at the Tax Policy Center in Washington, D.C. have run the numbers on Herman Cain’s “9-9-9” tax plan and conclude that it will result in tax cuts largely for American taxpayers who make more than $200,000 a year.

For 84 percent of the country’s taxpayers, the Cain plan would mean a net tax increase, according to the center’s analysis.

Cain’s proposal, which has garnered him much media attention because of its catchy title, would revise the current federal tax code so that the personal income tax rate would be 9 percent, the corporate income tax rate would be 9 percent, and there would be a national sales tax of 9 percent on the purchase of goods and services.

The national sales tax part of Cain’s proposal has given pause to conservatives who are uneasy about the idea of this new tax revenue stream becoming available to the federal government

Economist Stephen Moore, who is credited with helping develop the Cain tax plan, says the sales tax portion of it should be dropped and replaced with a 9 percent payroll tax.

“I’ve come to the conclusion that the American people and the voters do not want a national sales tax,” Moore said in a radio interview. “[Cain’s] going to have to replace that national sales tax with a 9 percent payroll tax. And if you do that, it’s a total winner.”

Meanwhile, Cain, a former businessman and talk radio host, continues to do well in polls of states where key Republican primaries will be held.

An NBC-Marist College poll shows that “Cain holds a narrow lead in South Carolina’s Republican primary, and he’s running neck and neck in Florida with former Massachusetts Gov. Mitt Romney.”

The NBC poll has Cain with 30 percent support in South Carolina and Romney at 26 percent. Texas Gov. Rick Perry weighed in with 9 percent, Newt Gingrich was at 6 percent and Reps. Michele Bachmann and Ron Paul had 5 percent apiece.

Cain had 32 percent support among likely voters in Florida, while Romney was close behind at 31 percent, Perry was at 8 percent and Paul and Gingrich were at 6 percent

Zoller zinger

Another talk radio host, Martha Zoller, threw a dart or two at her principle opponent in the 9th Congressional District Republican primary, state Rep. Doug Collins (R-Gainesville).

In an interview with Daniel McKeon of the FYN website, Zoller responds to Collins’ remarks that she “lacks the necessary experience” to run for Congress: “If litigations and dinners with lobbyists are the kind of experience that you need, then I think there’s a problem.”

Helping Doug

Rep. Doug McKillip (R-Athens), a recent party switcher, is getting some assistance from House Speaker David Ralston and other GOP leaders as he raises money for his expected election challenges next year.

From a blog report by Blake Aued of the Athens Banner-Herald:

House Speaker David Ralston is headlining a fundraiser for McKillip today from 5-7 p.m. at the Hotel Indigo’s Rialto Room. Yes, that would be the artsy-fartsy LEED certified hotel smack in the middle of socialist Athens.

McKillip had $23,000 on hand as of July 1, the last time he filed a campaign finance report, including $8,000 he raised at an Atlanta event Jan. 4.

He’ll need far more, though. In 2006, he spent $108,000 to win a three-way race for an open seat as a Democrat. His re-election campaign next year could be one of the most expensive House races in the state, and he’ll be barred from raising money for about three months when the legislature convenes in January.

McKillip’s new district — made up of portions of Clarke, Oconee, Barrow and Jackson counties — gives him an edge, but he may have to run a primary gauntlet if rumors are true that someone will challenge him from the right. Then he’ll face a well-funded Democrat to be named later next November. All that will take some serious bank.

New MAG president

Dr. Sandra B. Reed of Thomasville has been sworn in as the new president of the Medical Association of Georgia (MAG), the powerful lobbying group for the state’s physician community.

She said her efforts as MAG president will including promoting patient-centered health care and “free-market solutions” for the medical payment system.  “I believe that (MAG’s efforts) ultimately comes down to preserving the best medical care in the world,” said Reed, who has a medical degree from the Medical College of Georgia.

© 2011 by The Georgia Report

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Tags: 9-9-9 plan , 9th Congressional District , Doug Collins , Doug McKillip , GOP primary , Herman Cain , MAG president , Martha Zoller , Mitt Romney , Stephen Moore