Click here to load reader
Upload
zim-vicom
View
214
Download
0
Embed Size (px)
Citation preview
8/3/2019 Herman Cain 999 Plan
http://slidepdf.com/reader/full/herman-cain-999-plan 1/2
9% NatioNal SaleS tax
• Unlikeastatesalestax,whichisanadd-ontaxthatincreases
thepriceofgoodsandservices,thisisareplacementtax.It
replacestaxesthatarealreadyembeddedinsellingprices.
Byreplacinghighermarginalratesintheproductionprocess
withlowermarginalrates,marginalproductioncostsactually
decline,whichwillleadtopricesbeingthesameorlower,not
higher.
eCoNoMiC iMPaCt
• AccordingtoformerReaganTreasuryofcialGaryRobbins,of
FiscalAssociates,the9-9-9PlanwillexpandGDPby$2trillion,
create6millionnewjobs,increasebusinessinvestmentbyonethird
andincreasewagesby10%.
9-9-9 PLAN: SUMMARY
• Removesallpayrolltaxesandunitesalltaxpayers
• Providestheleastincentivetoevadetaxesandthefewest
opportunitiestodoso
• Liftsa$430billiondead-weightburdenontheeconomy
duetocompliance,enforcement,collection,etc…
• Isfair,simple,efcient,neutral,andtransparent
• Endsnearlyalldeductionsandspecialinterestfavors
• Featureszerotaxoncapitalgainsandrepatriatedprots• ExportsleaveourshoreswithouttheBusinessTaxortheSales
Taxembeddedintheircost,makingthemworldclasscompetitive.
Importsaresubjecttothesametaxationasdomestically
producedgoods,levelingtheplayingeld.
• Lowestmarginalratesonproduction
• KillstheDeathTax
• Allowsimmediateexpensingofbusinessinvestments
• Eliminatesdoubletaxationofdividends
• Increasescapitalformationwhichaidscapitalavailability
forsmallbusinesses
• Increasedcapitalperworkerdrivesproductivityandwagegrowth
• FeaturesaplatformtolaunchproperlystructuredEmpowermentZonestorenewourinnercities
• Thepro-growth,pro-job,pro-exporteconomicpoliciesof
the9-9-9 Planequalsastrongdollarpolicy
Amidstabackdropoftheeconomicrenewalcreatedbythe 9-9-9 Plan
IwillbegintheprocessofeducatingtheAmericanpeopleonthebenets
ofcontinuingthenextsteptotheFairTax.
• Ultimatelyreplacesindividualandcorporateincometaxes
• EndstheIRSasweknowitandrepealsthe16thAmendment
MEET HERMAN CAIN
Mr.Cainhasmorethan40yearsexperienceinthetheprivatesectorwherehe
balancedbudgets,createdjobsandrescuedfailingcompanies.Ano-nonsense
businessleaderwhohasturnedstrugglingcompaniesaroundtorenewed
success,Mr.Cain’spolicieswilldothesamefortheUnitedStatesofAmerica.
Find out more at www.HermanCain.com/about
CAIN’S VISION for
VISION for ECONOMIC RENEWAL
• Thenaturalstateofoureconomyisprosperity;freedomensuresthat
• Inordertoreturntoprosperity,Governmentmustgetoffourbacks,outofourpocketsandoutofourway
ECONOMIC GUIDING PRINCIPLES
1. Production drives the economy, not spending.
Production is the engine, consumption is the caboose.
• Wecannotspendourwaytoprosperity
• Governmentspendingistotakeabucketofwaterfromthedeep
endofthepool,pouritintheshallowend,then Hopethatthe
waterlevelwillChange.
2. Rsk kng rs grwh
• Businessformationandjobcreationaredependentonentrepreneurs
takingrisks• Investorswhofundentrepreneurslikewisetakerisks
3. Msrmns ms b pnb
• Adollarmustalwaysbeadollar,asanhourisalways60minutes
• Soundmoneyiscrucialforprosperity
UNITE, never DIVIDE ;
UNITED around ECONOMIC GROWTH
• Whenonepartyissofocusedonspendingsothattheothermust
focusoncutting,wemustunitearoundeconomicgrowth
• Uniteincometaxpayerswith payroll taxpayerssoweallpull
forlowrates.
• Unitethosewantingtoeliminatedeductionswiththoseseeking
lowerrates
• UnitetheFlat-TaxerswiththeFair-Taxers
Ourcurrenteconomiccrisiscallsforboldactiontotrulystimulatethe
economyandRenewAmericabacktoitsgreatness.The9-9-9 Plan
getsWashingtonD.C.outofthebusinessofpickingwinnersandlosers,
usingthetaxcodetodoleoutfavors,anddividingthecountrywith
classwarfare.Itisfair,simple,transparentandefcient.Ittaxesevery-
thingonceandnothingtwice.Ittaxesthebroadestpossiblebaseatthe
lowestpossiblerates.Itisneutralwithrespecttosavingsandconsump-
tion,capitalandlabor,importsandexportsandwhethercompanies
paydividendsorretainearnings.
9% BuSiNeSS Flat tax
• GrossincomelessallpurchasesfromotherU.S.located
businesses,allcapitalinvestment,andnetexports.
• EmpowermentZoneswillofferdeductionsforthepayroll
ofthoseemployedinthezone
9% iNdividual Flat tax
• Grossincomelesscharitabledeductions
• EmpowermentZoneswillofferadditionaldeductionsforthose
livingand/orworkinginthezone
PHASE ONE
PHASE TWO
8/3/2019 Herman Cain 999 Plan
http://slidepdf.com/reader/full/herman-cain-999-plan 2/2
Scanwithyoursmartphone
toseethe9-9-9video.