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Vision for Economic Growth
Thenaturalstateofoureconomyisprosperity.
Freedomensuresthat.
Wemustgetthegovernmentoffourbacks,outofourpocketsandoutofourwayinordertoreturntoprosperity
Policyuncertaintyiskillingtheeconomy
Economic Guiding
Principles1.Productiondrivestheeconomy,notspending
Wecannotspendourwaytoprosperity
GovernmentspendingIStaxation
Governmentspendingisliketakingabucketofwaterfromthedeependofthepool,pouringitintheshallowend.ThentheyHOPEthatthewaterlevelwillCHANGE.
2.Risktakingdrivesgrowth
Businessformationandjobcreationaredependentonentrepreneurstakingrisks
Investorswhofundthoseentrepreneurslikewisetakerisks
3.Measurementsmustbedependable
Adollarmustalwaysbeadollarjustasanhourisalways60minutes
Soundmoneyiscrucialforprosperity
We Must Unite Not Divide
Whenonepartyseekstospendsothattheotherpartymust
focusoncutting,wemustunitearoundeconomicgrowth
Unitealltaxpayers,dontdividethemintoincometaxpayersvs.payrolltaxpayers
Unitethosewantingtoeliminatedeductionswiththoseseekinglowerrates
Asarststep,unitetheFlat-TaxerswiththeFair-Taxers
Economic Growth is the Key
ThisistheworstrecoverysincetheDepression
IfthePresidentsgoalwastotieforlastplaceworstrecovery,hefailedby6millionjobs
Ifwehadatypicalrecovery,13millionmoreAbeemployedtoday
Thatmeansmoretaxrevenue,lessgovernmenmillionlesspeopleopposedtoreasonablespen
TheSuperCommitteemustdeliverarobustgr
Americacantwaitfor2012,weneedgrowth
Phase 1 - Immediate Boost
AsIhaveoutlined,thefollowingrepresentthe
feedingtheeconomicengineandarethelow
offeringthemostbangforthebuck
Reduceindividualandbusinessincometaxes
25%
Eliminatetaxesonrepatriatedforeignprots
Thecapitalgainstaxisawallseparatingthos
thosewithmoney
Whywouldwewanttowalloffthosewithidewegetbusinessformation,jobcreationandin
Whencompaniessellproductsoverseastheyf
taxationwhenthoseprotsarebroughthome
investinAmericaandpayitsworkers
Companiesdontshipjobsoverseas,Liberalss
overseasandthejobsmerelyfollow.
Phase 1 - Enhanced Plan
Currentcircumstancescallforbolderaction
ThePhase1EnhancedPlanincorporatesthefOneandgetsusastepclosertoPhasetwo
IcallontheSuperCommitteetopassthePhasPlanalongwiththeirspendingcutpackage
ThePhase1EnhancedPlanunitesFlatTaxsutaxsupporters
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Achievesthebroadestpossibletaxbasealongwiththelowestpossiblerateof9%
ItendsthePayrollTaxcompletelyapermanentholiday!
EndstheDeathTax
BusinessFlatTax9%
Grossincomelessallinvestments,allpurchasesfromotherbusinessesandalldividendspaidtoshareholders
EmpowermentZoneswillofferadditionaldeductionsforpayrollemployedinthezone
IndividualFlatTax9%
Grossincomelesscharitabledeductions
EmpowermentZoneswillofferadditionaldeductionsforthoselivingand/orworkinginthezone
NationalSalesTax9%
ThisgetstheFairTaxoffthesidelinesandintothegame.
Phase 2 The Fair Tax
Amidstabackdropoftheeconomicboomcreatedby
thePhase1EnhancedPlan,Iwillbegintheprocess
ofeducatingtheAmericanpeopleonthebenetsof
continuingthenextsteptotheFairTax.
TheFairTaxwouldultimatelyreplaceindividualand
corporateincometaxes
Itwouldmakeitpossibletoendthe
IRSasweknowit.
TheFairTaxmakesour
exportedgoodsandservices
themostcompetitively
internationallythanany
othertaxsystem.
Friends of Herman CP.O. Box 2158
Stockbridge, GA 302(678) 601-2772
www.hermancain.com
Phase 1 Enhanced Plan Summary
Unitesalltaxpayerssoweallpayincometaxesandnoone
payspayrolltaxes
Providestheleastincentivetoevadetaxesandthefewest
opportunitiestodoso
Liftsa$430billiondead-weightburdenontheeconomy
duetocompliance,enforcement,collection,etc.
Isfair,neutral,transparent,andefcient
Endsnearlyalldeductionsandspecialinterestfavors
Endsallpayrolltaxes
EndstheDeathTax
Featureszerotaxoncapitalgainsandrepatriatedprots
Lowestmarginalratesonproduction
Allowsimmediateexpensingofbusinessinvestments
Dividenddeductibilitywillhelpretirees,improve
accounting,andmoderatestock-optiondrivenexecutive
compensation
Increasescapitalformation.Capitalperworkerdrives
productivityandwagegrowth
Capitalformationwillaidcapitalavailabilityforsmall
businesses
Featuresaplatformtolaunchproperlystructured
EmpowermentZonestorevitalizeourinnercities
WeallknowtheFedhastripledthemoneysupplysince
2008.Theyhavebeenprintingmoneyoutofthinairto
nancetheObamaspendingmachine.WhiletrueFed
reformthatrestoressoundmoneymayhavetowaitformy
election,thebestthingwecandonowistopursuepolicies
thatincreasetheDEMANDfordollarstohelpmitigatethe
risksassociatedwiththeincreaseinthesupply.
Pro-growtheconomicpoliciesequalastrongdollarpolicy
This is Herman Cain: ChiefExecutiveOfcerandPresidentofTHENew
abusinessconsultingcompany,andHeadCoach(HermanatorsIntelligentThinkersMovement)
FormerChairmanofGodfathersPizza,Inc.afteandPresidentfortenyears,1986-1996.In198companyfromThePillsburyCompany
FormerPresidentoftheTaxLeadershipCouncileducationalcomponentofAmericansforFairT
PastChairmanoftheBoardoftheNationalRes(1994-1995),andformerfulltimeCEOandPres
Association(1996-1999) MemberofTheNationalCommissiononEcono
TaxReform(1995),chairedbyformerRepublicacandidate,JackKemp
FormerMember,StrategicAirCommand(STRAAdvisoryBoard,Omaha,Nebraska
RadioTalkShowHost,TheHermanCainShow
NewsTalk750WSBAtlanta,Monday-Friday,
FOXNewsBusinessCommentatorandColumniNorthStarNational.com,WorldNetDailyandDa
AtanationallytelevisedPresidentialTownHalCareReform(1994),challengedPresidentBillCproposalwhenhesaid,Mr.President,withallcalculationsareincorrect
ServedontheBoardsofDirectorsofAGCO,IncofCommerce,HallmarkCardsInc.,Whirlpool,ICollege,Atlanta,Georgia
GraduatedfromMorehouseCollegewithaB.S.1967.EarnedhisMastersDegreeinComputerSUniversityin1971.RecipientofeightHonoraryD
fromMorehouseCollege,NewYorkCityTechnicUniversity,Johnson&WalesUniversity,CreightoPurdueUniversity,TougalooCollegeandtheUn
Authoroffourbooks,LeadershipIsCommonSeAsALeader(1999),CEOofSELF(October,200YoureStupid(May,2005)
AnativeandcurrentresidentofAtlanta,Georg40yearswithtwoadultchildrenandthreegran
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