Updated: Herman Cain’s 9-9-9 Common-Sense Plan
As your Veteran brother, I’m bringing you this update to Cain’s 9-9-9 Common-Sense Economic Plan because some Veterans, their families and other readers are being confused by the Media and Presidential Competitors who quite frankly either don’t understand numbers OR think Cain’s solution is too simple.
The fact is, as I will quickly show you, Cain’s 9-9-9 Plan does work. That doesn’t mean Congress and the Senate will approve it, because most of those folks have made a career out of confusing the Public (We the People) for their own personal gains. You know it, I know it, and best of all, THEY– the Politicos and Bureaucrats relish in the personal wealth scam they’ve got going.
On September 23, 2011 Herman Cain announced on Fox News his 9-9-9 plan has been scored and shown to be revenue neutral for the Federal Government. Other evaluators have said it will increase the Gross Domestic Product by 5% per year and reduce unemployment by 50%. One of our VNN commentors said, “Never, never, never!” So, let’s see!
** Currently the Federal Government — if they follow their own budget guidelines – needs $ 2.17 Trillions per year to operate as is.
** Under Cain’s 9-9-9 Plan, the Taxable Cash flow Receipts in the following major amounts per year:
$12.5 Trillions From Personal Taxpayers (We the People )
$ 1.0 Trilli0ns From Net Corporate Income & Corporate Dividends
$10.0 Trillions From Consumer Spending
$23.5 Trillions 9-9-9 Taxable Income
$ 2.15 Trillions 9-9-9 Operating Cash for the Federal Government
** As you can see, Cain’s 9-9-9 plan of $2.15 Trillions is pretty damn close to the Federal Governments loose fitting need of $2.17 Trillions per year.
This 9-9-9 tax rate will put tremendous pressure on investors from around the world to pour money back into the U.S. Economy. will spur U.S. businesses to expand and create a huge volume of new American jobs. I’m always happy and open for comments.
As a Veteran, I need to say, whether you vote for Herman Cain or not, even choose for him to run for your party or not, this is a man who speaks common-sense. Whether his solutions are perfectly tuned or not, I don’t know yet. But, at least he has the framework of solutions that make sense for us Vets, makes sense for our families—young, old, and in-between–and makes sense for America NOW and IN THE FUTURE. Is he a Politician? Happily, no. Is he a loud-mouth, hand-me-everything, do-nothing type? Nope; sorry; he’s the wrong guy if you need that to make your life appear meaningful.
But, if you want a guy who is for us, the folks, regardless of our skin tint, our particular religion—or none, who doesn’t have a racist bone in his body, who only cares about ALL Americans and their economic well-being, then look deeply at this man’s qualifications.
Enjoy his solution below!
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 what’s convincing, what’s reasonable and how much time should be allowed for a course correction. Then take action.
President Obama’s economic policies have failed unreasonably. He has no plan for a course correction. He has promised a plan for focusing on job creation since he has been in office. He has had nearly three years to get it right, and now he wants a month to write another speech, following a three day bus tour that produced nothing but a bunch of photo-ops. We are not convinced we will hear anything new. A Board’s action would be unanimous.
Mr. President, you’re fired.
I realize that only the voters can fire President Barack Obama in November of 2012. But his performance and his potential plan for serious economic growth are not likely to change anything. The Board of Directors would have no choice.
But America has a choice. Elect Herman Cain president in 2012.
Here’s Phase 1 of my economic growth plan. It’s called the 9-9-9 plan.
- A 9% business flat tax
Gross income less all investments, all purchases from other businesses,
and all dividends paid to shareholders.
- A 9% individual income flat tax
Gross income less charitable deductions
- A 9% national sales tax
This significantly expands the tax base which helps everybody.
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
Current economic conditions call for bold moves to boost and supercharge this economy. If we are in an economic recovery as the administration claims, this economy is still 6 million jobs below the worst recovery since the Great Depression. The latest evidence shows that we are still in economic decline.
This plan is bold and doable. It has been developed and analyzed by some of the best economic minds in the nation. Remember, I surround myself with good people. That’s the key to my success and it will continue to be.
I offer this plan to the president, the Congress and the “super committee”. I could wait until after I am elected president, but America can’t keep waiting.
Struggling businesses and fifteen million unemployed people can’t wait.
We need serious economic growth NOW! Please Mr. President, just do it!
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