It's refreshing for a candidate to talk specifics in his plan. It seems all the other politicians ALWAYS bring up board talking point ideas, like cut spending by 10% (but never where), lower gas prices (but never how), get rid of the useless government agencies (but never which ones), cut taxes (but not specifically)!
Well my man Herman Cain, has come out with his 9-9-9 plan and it's BRILLIANT! And it's only phase 1!!!
Future President Cain's Creditials to BACK UP HIS PLAN:
Man I love this guy!!!
Well my man Herman Cain, has come out with his 9-9-9 plan and it's BRILLIANT! And it's only phase 1!!!
Herman's Weekly Commentary: "Mr. President, You're Fired"
Heres Phase 1 of my economic growth plan. Its called the 9-9-9 plan.
(1) A 9% business flat tax ==> Gross income less all investments, all purchases from other businesses, and all dividends paid to shareholders (Note: This in cludes getting rid of the offshore and outsourcing incentive tax loopholes)
(2) A 9% individual income flat tax ==> Gross income less charitable deductions (Note: He is talking about taking out all the deductions for a lower income tax! Brilliant)
(3) A 9% national sales tax ==> This significantly expands the tax base which helps everybody. (This is Cain's plan to move to the FAIR TAX and eliminate income, corporate, small business killing payroll and capital gains tax)
This plan has the following advantages:
- It is fair, revenue neutral, transparent and efficient
- Zero tax on capital gains and repatriated profits
- Replaces the payroll tax
- Will aid capital availability for small businesses
- Saves taxpayers $430 billion in annual compliance costs
- It eliminates the uncertainty holding this economy down
Future President Cain's Creditials to BACK UP HIS PLAN:
Having served on the Board of Directors of several major corporations over the last twenty years, I have had the responsibility of voting to hire a new CEO, and voting to fire a current CEO many times. In both instances the decision was based on assessed potential and performance.
Directors hold CEOs responsible for results, and the prudent use of company resources such as cash, equity and human resources. Specific metrics are established for both annual and multi-year performance, which are evaluated in making the hire or fire decision.
If a CEO is underperforming and on the brink of being fired, then we look to see if he or she has identified the right problem, and, has established a plan of action to get things back on track. If the plan is convincing and the performance metrics were missed by a reasonable amount, then he or she would be given a specific amount of time to get back on track.
The Board has to decide whats convincing, whats reasonable and how much time should be allowed for a course correction. Then take action.
Man I love this guy!!!