Will someone who likes Herman Cain as a candidate please campaign for him here. Give it your best shot.
I'd like to hear more about his plans for the nation from someone who feels informed enough to be a good advocate.
Edit: p.s. What are the odds of Cain being able to get his plans through Congress? Assume the best information campaign possible, to convince the people, so they can convince their representatives. Will that be enough? Will Congress cooperate?
What is the 9-9-9 plan? Here you go
Phase 1 - 9-9-9
•Current circumstances call for bolder action.
•The Phase 1 Enhanced Plan incorporates the features of Phase One and gets us a step closer to Phase two.
•I call on the Super Committee to pass the Phase 1 Enhanced Plan along with their spending cut package.
•The Phase 1 Enhanced Plan unites Flat Tax supporters with Fair tax supporters.
•Achieves the broadest possible tax base along with the lowest possible rate of 9%.
•It ends the Payroll Tax completely – a permanent holiday!
•Zero capital gains tax
•Ends the Death Tax.
•Eliminates double taxation of dividends
•Business Flat Tax – 9%
◦Gross income less all investments, all purchases from other businesses and all dividends paid to shareholders.
◦Empowerment Zones will offer additional deductions for payroll employed in the zone.
•Individual Flat Tax – 9%.
◦Gross income less charitable deductions.
◦Empowerment Zones will offer additional deductions for those living and/or working in the zone.
•National Sales Tax – 9%.
◦This gets the Fair Tax off the sidelines and into the game.
Phase 2 – The Fair Tax
•Amidst a backdrop of the economic boom created by the Phase 1 Enhanced Plan, I will begin the process of educating the American people on the benefits of continuing the next step to the Fair Tax.
•The Fair Tax would ultimately replace individual and corporate income taxes.
•It would make it possible to end the IRS as we know it.
•The Fair Tax makes our exported goods and services the most competitively internationally than any other tax system.
Enhanced Plan – Summary•Unites all tax payers so we all pay income taxes and no one pays payroll taxes
•Provides the least incentive to evade taxes and the fewest opportunities to do so
•Lifts a $430 billion dead-weight burden on the economy due to compliance, enforcement, collection, etc.
•Is fair, neutral, transparent, and efficient
•Ends nearly all deductions and special interest favors
•Ends all payroll taxes
•Ends the Death Tax
•Features zero tax on capital gains and repatriated profits
•Lowest marginal rates on production
•Allows immediate expensing of business investments
•Eliminates double taxation of dividends
•Increases capital formation. Capital per worker drives productivity and wage growth
•Capital formation will aid capital availability for small businesses
•Features a platform to launch properly structured Empowerment Zones to revitalize our inner cities
•We all know the Fed has tripled the money supply since 2008. They have been printing money out of thin air to finance the Obama spending machine. While true Fed reform that restores sound money may have to wait for my election, the best thing we can do now is to pursue policies that increase the DEMAND for dollars to help mitigate the risks associated with the increase in the supply.
•Pro-growth economic policies equal a strong dollar policy
If the republicans get a majority in the senate and retain a majority in the house the odds of him being able to do this increase greatly. If the dems hold one or gain the other then the odds are slim.
Also if the majority of americans get behind the plan then yes, as you say, they can pressure their reps to vote for it.
I personally have an issue with the 9-9-9 plan and that issue is that some income, such as cap gains, is exempt from the 9% income tax. If it was ANY and ALL income at 9% I wouldn't have an issue.
Anything else you specifically want to know about?
. But still I'm glad I helped show you something new even if its bad for my guy.
