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Herman Cain's 999 Plan(The facts laid out)
Herman Cain.com ^ | Herman Cain

Posted on 10/13/2011 8:30:53 AM PDT by Watchdog85

Vision for Economic Growth

•The natural state of our economy is prosperity. Freedom ensures that. •We must get the government off our backs, out of our pockets and out of our way in order to return to prosperity. •Policy uncertainty is killing the economy.

Economic Guiding Principles

1.Production drives the economy, not spending. ◦We can not spend our way to prosperity. ◦Government spending IS taxation. ◦Government spending is like taking a bucket of water from the deep end of the pool, pouring it in the shallow end. Then they HOPE that the water level will CHANGE. 2.Risk taking drives growth . ◦Business formation and job creation are dependent on entrepreneurs taking risks. ◦Investors who fund those entrepreneurs likewise take risks. 3.Measurements must be dependable. ◦A dollar must always be a dollar just as an hour is always 60 minutes. ◦Sound money is crucial for prosperity.

We Must Unite Not Divide

•When one party seeks to spend so that the other party must focus on cutting, we must unite around economic growth. •Unite all tax payers, don’t divide them into “income” tax payers vs. “payroll” tax payers. •Unite those wanting to eliminate deductions with those seeking lower rates. •As a first step, unite the “Flat-Taxers” with the “Fair-Taxers” Economic Growth is the Key •This is the worst recovery since the Depression. •If the President’s goal was to tie for last place with the previous worst recovery, he failed by 6 million jobs. •If we had a typical recovery, 13 million more Americans would be employed today. •That means more tax revenue, less government spending and 13 million less people opposed to reasonable spending cuts. •The Super Committee must deliver a robust growth solution. •America can’t wait for 2012, we need growth NOW 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.

Phase 1 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

This is Herman Cain:

•Chief Executive Officer and President of THE New Voice, Inc., a business consulting company, and Head Coach of HITM (Hermanator’s Intelligent Thinkers Movement) •Former Chairman of Godfather’s Pizza, Inc. after serving as CEO and President for ten years, 1986 - 1996. In 1988 he bought the company from The Pillsbury Company •Former President of the Tax Leadership Council, the public educational component of Americans for Fair Taxation •Past Chairman of the Board of the National Restaurant Association (1994-1995), and former full time CEO and President of the Association (1996-1999) •Member of The National Commission on Economic Growth and Tax Reform (1995), chaired by former Republican Vice-Presidential candidate, Jack Kemp •Former Member, Strategic Air Command (STRATCOM) Citizens Advisory Board, Omaha, Nebraska •Radio Talk Show Host, “The Herman Cain Show”, News Talk 750 WSB – Atlanta, Monday - Friday, 7pm-10pm EST •FOX News Business Commentator and Columnist with NorthStarNational.com, World Net Daily and DailyCaller.com •At a nationally televised Presidential Town Hall Meeting on Health Care Reform (1994), challenged President Bill Clinton’s health care proposal when he said, “Mr. President, with all due respect, your calculations are incorrect…” •Served on the Boards of Directors of AGCO, Inc., Georgia Chamber of Commerce, Hallmark Cards Inc., Whirlpool, Inc.,and Morehouse College, Atlanta, Georgia •Graduated from Morehouse College with a B.S. in Mathematics in 1967. Earned his Master’s Degree in Computer Science from Purdue University in 1971. Recipient of eight Honorary Doctorate Degrees from Morehouse College, New York City Technical College; Suffolk University, Johnson & Wales University, Creighton University, Purdue University, Tougaloo College and the University of Nebraska •Author of four books, Leadership Is Common Sense (1997), Speak As A Leader (1999), CEO of SELF (October, 2001), and They Think You’re Stupid (May, 2005) •A native and current resident of Atlanta, Georgia. Married for over 40 years with two adult children and three grandchildren


TOPICS: Politics/Elections
KEYWORDS: dsj; hermancain
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Herman Cains 999 plan directly from his website. Should clarify alot of details for some people.
1 posted on 10/13/2011 8:31:04 AM PDT by Watchdog85
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To: Watchdog85

The only thing I hate worse than a politician with a plan is a politician with one.


2 posted on 10/13/2011 8:35:03 AM PDT by Captain PJ
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To: Watchdog85

He can’t win. /s

Cain/Patraeus 2012


3 posted on 10/13/2011 8:36:16 AM PDT by petercooper (2012 - Purge more RINO's.)
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To: Watchdog85

Thanks for posting this. I’m interested in what other FReepers think about it.


4 posted on 10/13/2011 8:37:12 AM PDT by American Quilter (Herman Cain for President: a conservative with 40 years of executive experience.)
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To: petercooper

Cain/Petraeus 2012


5 posted on 10/13/2011 8:37:21 AM PDT by petercooper (2012 - Purge more RINO's.)
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To: Watchdog85

Just like Holder is willing to read everything he is supposed to before calling a news conference about the issue?

Many are just to terrified to make the effort because it just neuters their agenda.


6 posted on 10/13/2011 8:37:45 AM PDT by mazda77
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To: Captain PJ
The only thing I hate worse than a politician with a plan is a politician with one.

A remarkably stupid thing to say.

7 posted on 10/13/2011 8:37:57 AM PDT by MNJohnnie (Giving more money to DC to fix the Debt is like giving free drugs to addicts think it will cure them)
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To: Watchdog85
Unites all tax payers so we all pay income taxes and no one pays payroll taxes.
I like that! Oh, hell yeah; I like that.
8 posted on 10/13/2011 8:38:14 AM PDT by no dems (The HERMANator in 2012 !)
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To: Watchdog85
Empowerment zones in black and white:

◦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.
9 posted on 10/13/2011 8:42:30 AM PDT by lahargis
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To: Captain PJ
The only thing I hate worse than a politician with a plan is a politician with one.

Sense that does make not much of.

10 posted on 10/13/2011 8:42:48 AM PDT by Izzy Dunne (Hello, I'm a TAGLINE virus. Please help me spread by copying me into YOUR tag line.)
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To: Watchdog85

Here’s a little tidbit for for the Ron Paul fanatics who say Cain loves the FED.

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


11 posted on 10/13/2011 8:42:57 AM PDT by Watchdog85
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To: Watchdog85

Cain’s tax plan is for the federal level, as I understand it. Would state and local income and sales taxes remain in effect?


12 posted on 10/13/2011 8:44:13 AM PDT by American Quilter (Herman Cain for President: a conservative with 40 years of executive experience.)
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To: Captain PJ
The only thing I hate worse than a politician with a plan is a politician with one.

THAT'S hilarious! (i don't get it)

13 posted on 10/13/2011 8:44:38 AM PDT by Tenacious 1 (Government For the People - an obviously concealed oxymoron)
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To: Watchdog85

I love Herman and I love this plan.

The problem I have with it is that at some point the Democrats will regain control and it could easily become 25,25,25.

I don’t see any way to prevent that.


14 posted on 10/13/2011 8:45:04 AM PDT by schaef21
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To: Watchdog85

999 has no chance of passing. it won’t even get out of committee.

it’s a starting point. you want a flat tax? fair tax? whatever you want— HERMAN CAIN is our best chance to throw out the current tax code.

this is the best chance we’re ever going to get.

if mitt romney is elected you can look forward to Hillary in 2016.


15 posted on 10/13/2011 8:45:04 AM PDT by exist
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To: Watchdog85

Vision for Economic Growth

Economic Guiding Principles

  1. Production drives the economy, not spending.
    • We can not spend our way to prosperity.
    • Government spending IS taxation.
    • Government spending is like taking a bucket of water from the deep end of the pool, pouring it in the shallow end. Then they HOPE that the water level will CHANGE.
  2. Risk taking drives growth .
    • Business formation and job creation are dependent on entrepreneurs taking risks.
    • Investors who fund those entrepreneurs likewise take risks.
  3. Measurements must be dependable.
    • A dollar must always be a dollar just as an hour is always 60 minutes.
    • Sound money is crucial for prosperity.

We Must Unite Not Divide

Economic Growth is the Key

Phase 1 - 9-9-9

Phase 2 – The Fair Tax

Phase 1 Enhanced Plan – Summary

This is Herman Cain:

Friends of Herman Cain, Inc.

P.O. Box 2158

Stockbridge, GA 30281

(678) 601-2772


16 posted on 10/13/2011 8:45:21 AM PDT by Izzy Dunne (Hello, I'm a TAGLINE virus. Please help me spread by copying me into YOUR tag line.)
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To: Watchdog85

Okay, maybe I am an idiot, but someone ‘splain to me.

I pay 9% tax on crap I buy to re-sell. Currently I pay no tax because its wholesale.

I pay 9% tax on my gross sales of crap I bough and paid tax on—whereas currently I can deduct the cost of the crap from the gross, as well as the cost to do the event, the fuel to get there, etc.

I make little money as it is—now It will be even less.

Oh, and as it is, no one at a fair wants to pay sale s tax, which in some jurisdictions, would be 9% federal + 9% state.

Am I missing something here?


17 posted on 10/13/2011 8:46:38 AM PDT by abigkahuna
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To: Watchdog85; All

One of the best parts of the plan:

•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


18 posted on 10/13/2011 8:46:38 AM PDT by Watchdog85
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To: Captain PJ

“The only thing I hate worse than a politician with a plan is a politician with one”

I put you in the “need to vote on a bill before you find out what is in it” category.


19 posted on 10/13/2011 8:47:13 AM PDT by doggieboy
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To: Watchdog85
Here’s a little tidbit for for the Ron Paul fanatics who say Cain loves the FED.

Ron Paul says Iran is not a threat. Anyone who supports him is a blithering idiot.

20 posted on 10/13/2011 8:47:24 AM PDT by Erik Latranyi (Cain for President - Because I like the content of his character)
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To: Watchdog85

What is so fair about the “empowerment zones”?


21 posted on 10/13/2011 8:49:04 AM PDT by lahargis
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To: Watchdog85
National Sales Tax – 9%.

This gets the Fair Tax off the sidelines and into the game.

This does not explain anything. This could be a retail tax or a VAT. He needs to add much more detail, or drop the whole subject.

22 posted on 10/13/2011 8:52:28 AM PDT by DManA
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To: schaef21

If democrats regain control, they could raise the rates on whatever tax system is in place. With 100% of the people paying the sales tax and income tax, it would make it harder to raise those rates than the current system of ‘tax the rich’. Not the mention the 2/3 requirment to raise the rates. Which, admittedly could be removed with a simple majority in congress and signature by the president. But that is one more hurdle required than now.


23 posted on 10/13/2011 8:52:28 AM PDT by tnlibertarian (Things are so bad now, Kenyans are saying Obama was born in the USA.)
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To: Izzy Dunne

I think he needs to clarify th Empowerment Zones before he gets my support. Sounds more like Perpetual Welfare Zones to me.


24 posted on 10/13/2011 8:52:45 AM PDT by Samogon (Wise men talk because they have something to say; fools, because they have to say something. - Plato)
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To: abigkahuna
>>Am I missing something here?,<

Yep! There is no tax on wholesale, only retail. You’re thinking of the VAT tax where a tax is added at all levels. Cain’s 999 has no tax on wholesale and no tax on sales of used stuff.

25 posted on 10/13/2011 8:54:40 AM PDT by CynicalBear
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To: abigkahuna

35% to 9% is a big difference.

wholesale product taxed 35% to make the product.

cains plan: wholesale product taxed 9% plus your 9%= 18%


26 posted on 10/13/2011 8:57:38 AM PDT by Watchdog85
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To: Watchdog85

Michele Bachman Turner Overdrive says this plan cannot possibly work because using the economic theories and mathematical models of Professor Lou C. Fur, if one indicates and applies the U.D. method to the 999, you can rationalize and observe the negative demensional plane.


27 posted on 10/13/2011 8:57:46 AM PDT by GrandJediMasterYoda (Mark Halperin - Learned the hard way what happens when you speak the truth on PMSNBC.)
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To: Izzy Dunne

Thanks, I could not get it to post like that.


28 posted on 10/13/2011 9:01:41 AM PDT by Watchdog85
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To: Watchdog85

A lot of people are complaining that this will be the 29-29-29 plan before long. Any tax plan is subject to increases. The income tax started out as a simple plan to tax only the wealthiest and look at what we have today.

It will be harder for congress to raise a tax that affects everyone. Now only the top 50% pays any income tax so close to a majority aren’t affected by increases.

Money put into savings will be taxed at a lower rate. And too, there will be no capital gains tax to eat away at interest earned on savings.

Foreigners will be contributing to our tax base from purchases.

Businesses will be moving here from overseas instead of the other way around.

And, one of the best parts to this is the saving of the 400 billion now spent to comply with the current laws.

Yes it could become a monster just like the tax code we have now but it will take some time and the economic boom that results will be obvious to everyone. It will be up to the citizens to keep congress in line and with 100% paying in that will be much easier to do. When the top 10% of earners pay 70% of the tax it is a lot easier to get the population behind raising taxes.

Finally, the tax code should be a vehicle for funding legitimate government and not to pick winners and losers or affect peoples’ behavior or to redistribute wealth.


29 posted on 10/13/2011 9:03:06 AM PDT by albionin
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To: Watchdog85

I fixed jets for 25 years. When something was broke I’d troubleshoot, then put together a plan to correct the problem. I stayed with that plan through its course of action until repair was complete.

While another would go around in circles trying to decide what to do, no plan and never attacking the problem. At the end of day my jet was out flying making revenue while the other still sat broke in the hangar.

Nothing gets fixed without a plan, Herman Cain has a plan.


30 posted on 10/13/2011 9:04:58 AM PDT by Java4Jay
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To: abigkahuna

It’s worse than that. Scratch “wholesale” , you’ll be paying 9% on that.


31 posted on 10/13/2011 9:05:53 AM PDT by Texan
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To: albionin

Well said. And welcome to FreeRepublic.


32 posted on 10/13/2011 9:06:51 AM PDT by American Quilter (Herman Cain for President: a conservative with 40 years of executive experience.)
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To: albionin

Oops, sorry—misread the date and thought you were new to FR!


33 posted on 10/13/2011 9:07:59 AM PDT by American Quilter (Herman Cain for President: a conservative with 40 years of executive experience.)
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To: Watchdog85

How about we just skip the distraction of 999 and go straight to the FairTax and be done with it!!


34 posted on 10/13/2011 9:11:01 AM PDT by Bigun ("The most fearsome words in the English language are I'm from the government and I'm here to help!")
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To: abigkahuna
Read this part again: •Business Flat Tax – 9% ◦Gross income less all investments, all purchases from other businesses and all dividends paid to shareholders
35 posted on 10/13/2011 9:15:32 AM PDT by Watchdog85
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To: Watchdog85

well no—wholesale product is not taxed at 35%
Lets say I bought a dozen necklaces from my NY supplier at the trade show in Vegas, He is a sole proprietor that imports from the Philippines. Definitely, not a mega corporation—so the 35% corporate tax does not apply.

Now, if his cost for some reason becomes less, will he charge less? No, he will maximize profits, just like I do. Now, his necklaces are pretty darn low anyway, so saying someone will come in cheaper is a misnomer here.

I live in the world of table top capitalism. Pennies do count. If I can not deduct my fuel, my living expenses on the road and the cost of fairs like I currently do, I would not have much at the end of the year.

Now I gotta do paper work for not only the four out of the five states I sell in at fairs, I gotta do FED sales tax too.

If I am wrong here, point it out to me.


36 posted on 10/13/2011 9:19:04 AM PDT by abigkahuna
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To: abigkahuna

This answers your question:

all purchases from other businesses (No VAT)


37 posted on 10/13/2011 9:19:46 AM PDT by Watchdog85
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To: Bigun

The fair tax would be even better because it would be voluntary and it would allow people to keep their whole paycheck. I think the prebate is a stroke of genious and the whole thing would supercharge the economy. I think Cain thinks that it would be too radical a change to be accepted and that is why the 9-9-9 plan is a transition phase to the ultimate goal of the fair tax.


38 posted on 10/13/2011 9:23:42 AM PDT by albionin
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To: American Quilter

I like it.


39 posted on 10/13/2011 9:23:55 AM PDT by GSWarrior (To activate this tagline please contact the Admin Moderator.)
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To: schaef21

Exile, deportation, imprisonment, and execution?


40 posted on 10/13/2011 9:25:19 AM PDT by ichabod1 (Nuts; A house divided against itself cannot stand.)
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To: Watchdog85

Thanks Watchdog85, I didn’t pick that up in the earlier formatting of “The Plan.” But, I see that while purchases from businesses are exempt, costs of doing business are not, or at least not spelled out in the bullet points.
This thing needs some flesh, because folks will be nit picking points not spelled out and the campaign will end up debating the finer points of a plan that may never fly, versus the “grand idea”.


41 posted on 10/13/2011 9:25:40 AM PDT by abigkahuna
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To: abigkahuna
Is your supplier considered a business? If so you remove the cost of the supplies from your gross. •Business Flat Tax – 9% ◦Gross income less all investments, all purchases from other businesses and all dividends paid to shareholders.
42 posted on 10/13/2011 9:27:05 AM PDT by Watchdog85
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To: Captain PJ

Lots of sarcasm-deficient folk on this thread.


43 posted on 10/13/2011 9:31:32 AM PDT by GSWarrior (To activate this tagline please contact the Admin Moderator.)
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To: petercooper

NOW- there is an interesting thought !!!!!


44 posted on 10/13/2011 9:31:42 AM PDT by ridesthemiles
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To: Watchdog85

I have tried hard to pick this “plan” apart. Other than the total lack of a chance of passing... the ONLY real concern I have is that, as others have posted, what happens if the DEMS regain all three branches of government? What stops them from jacking tax rates? Nothing short of some form of constitutional restraint (not that the Constitution means anything to the current batch of leftists).


45 posted on 10/13/2011 9:33:31 AM PDT by TheBattman (They exchanged the truth about God for a lie and worshiped and served the creature...)
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To: Watchdog85

IF this eliminates the “EARNED INCOME CREDIT” I will vote for him tomorrow!!!

This is one of the most insidious IRS scemes we have ever had.

Illegals who file an income tax return are being paid MILLIONS of dollars under the Earned Income Tax Credit.

It is just plain wrong.

I know a 35 y/o who never finished HS—won’t sit for his GED—doesn’t have a driver’s license-still lives with parents & has knocked up 2 women to produce 2 kids.

He barely works part time & when he files his income tax, he gets back over $4000 every year.

It want to strangle him.


46 posted on 10/13/2011 9:34:59 AM PDT by ridesthemiles
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To: Watchdog85

Currently I am allowed to deduct my fuel and a per-diem according to IRS rules. Now the fuel part would be considered a business and something I need to purchase to eventually sell a necklace, lets say. But whereas, I currently can deduct meals and lodging, I dunno if that flys under this plan. Once again, perhaps its not contained in the bullet points.

Like I said above, opposite campaigns would have a field say picking apart something they either mis-read, or, something not in the bullet points. The campaign could get bogged down on these points. Either a finer document needs to be written to answer some of these many points—or a Ross Perot Flip Chart commerical needs to go on the air to explain how everyone is a king.

Now, those that pay no or very little tax will not want to use their government checks to pay any income tax, and they probably won’t. At least the fed sales tax part would pick up some of that slack.


47 posted on 10/13/2011 9:35:45 AM PDT by abigkahuna
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To: schaef21

See my post 78:

http://www.freerepublic.com/focus/news/2791952/posts?page=78#78


48 posted on 10/13/2011 9:37:51 AM PDT by bolobaby
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To: abigkahuna

Here is a link to a calculator for the 999 plan. Maybe this will help all concerned:

http://www.nerds4cain.com/Blog/archives/723


49 posted on 10/13/2011 9:38:34 AM PDT by Watchdog85
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To: Watchdog85

Cain’s 9-9-9 plan eliminates inheritance tax!

‘BRAVO’


50 posted on 10/13/2011 9:40:34 AM PDT by Java4Jay
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