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Can Cain’s 9/9/9 Plan Work?

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  • Description

    Presidential candidate Herman Cain argues his taxation plan can right the economy.

  • Duration 6:23
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The -- -- paradigm is one part of Harvard Jamison the greatest from Morehouse College importer universe to.

After working for the Coke cola company and Pillsbury.

Hamburger chain which came became CEO of godfathers pizza.

It also sort of CEO and president of the National Restaurant Association.

-- a resident of Atlanta.

-- -- -- lived almost since our -- -- join us live far his life Delorean.

And his children and grandchildren.

His new book is called this is Herman -- My -- White House please welcomed them insulin program.

Herman drag more restrained thank you for having me having to be here are you terrific soul are what are avenue godfathers pizza dot -- as a steel in existence still headquartered in Omaha Nebraska.

Wanted to things that we had to do not took over back in 1986.

We -- downsized the company.

We had too many unprofitable stools so we had to shut a lot of them but now.

-- stable on the long affiliated with the company but the company did not go bankrupt like a lot of people thought -- -- okay.

To jury in your own pardon and I owned it for a while but -- so my interest yes so in 1988.

My see a full and I -- on leveraged buyout of the company.

From the Pillsbury company because delivered good morning.

They didn't think that the company could succeed but -- get the memo about impossible to fail and so what we ended up doing was.

We leveraged.

All of the things that we own in order to by the company in this field -- about today it won't be a soup book.

Change because of the way the market has changed but it is still a very viable -- larger -- -- dollar those are.

-- on some real simple.

We used the best ingredients and the best.

Solves the best everything all you do is start with the best of every ingredient you gonna you know this pizza now.

Some of them may make that claim we actually did it.

I don't I got -- on our you know that -- bottoms -- I have not met him and I don't know whale.

But he's doing a good job.

Great job -- -- -- -- the big concept young -- so yes yes sort of percent of our business and so on.

So you're understandable -- -- absolutely.

Remember for forty years I have been.

In business -- forty years you know you mentioned early in my time with.

Pillsbury and Burger King got -- National Restaurant Association.

And so my experience is executive experience problem -- and as I like to describe it.

And that's what separates me from all the -- the candidates seeking the Republican nomination.

I've been a problem solve all my life and I've had a lot of tough problems to deal will.

And right now if you look at this country we have we become a nation of crises.

We have an economic crisis got entitlement spending prices got an energy crisis.

Illegal immigration crisis -- -- foreign policy crisis -- prices and the biggest crisis we have -- -- severe deficiency of leadership.

And that's why nothing gets fixed and -- -- -- reasons I'm run for president.

-- through all rights environmental senator.

-- sector numerous medical center.

And visit -- on this program assorted.

Sure would say about numerous television -- four.

Development -- all look for products contributed to a health crisis in this country and inaudible more healthier products.

Well I would disagree with that.

Obviously -- but you know there are people who feel.

Dole's extreme positions but I think for the people who really familiar -- of the products and what they do and how -- consumed it as what is the ingredients you got that other opinion.

So sort of you know and I agree -- and sign up at I would say they -- is He accurate with that assessment I'm not -- colleagues say if you could argue about -- How tried to delay.

999 bland.

Yes all of does that raise that means they're gonna let -- much money is as it is we need to run a country yes -- don't.

Because the way we desire and the Nan -- now and plan.

We started out -- of how much revenues -- -- from payroll tax capital gains tax the death tax corporate income tax personal income tax.

As well ads.

As well as.

The the is the estate tax and corporate and personal income tax so we speak we went calculate -- -- easily look up how big is that key.

How are we replicate that -- We have the lowest possible rate by expanding the base that's how we came -- with the 9% business fat tax.

9% personal income flat tax and 9% national sales tax its revenue neutral and replaces all of that and we don't have -- go to all of this.

430 billion dollars we spend every year just -- -- and fill out the forms so this is how we do raft.

The 999.

-- simple look -- throws out all little loop holes treats all the businesses the same solar -- raising more money in the origin now.

We will -- after we put it in because of the following reason.

In addition to make in the structure simpler we providing certainty to the business community.

When the business community sees some certainty in how the game is going to be played with the taxes going to be they have -- to grow again.

Right now most businesses they afraid to move because it's too much uncertainty based upon many of the policies that right now some -- of Archuleta -- on and on plan and saying that it won't there is 80% of what -- raised now AutoNation said I'd be more sell.

Well the ones who say you have to be a lot more to run the government went to absolutely -- -- pork imports.

Six trillion dollars in debt but that beat the -- them and plan will raise revenue neutral all -- all those other sources that are talked about.

So -- people come -- up with the state -- percent.

I don't know -- assumptions you can change my assumptions that come up with any result that you want to.

-- women who share our calculations.

We've had it rigorously and a last.

So -- -- become -- with the -- of assertions they may have made some different assumptions and so we stand by.

The calculation that we put into it into it in -- of come up with a now it will -- -- to raise more revenue.

Because the business community will be in spy -- to -- again.

Now we calculated based upon initially no growth just replicate the amount of revenue that we already to bring in -- in.

But when businesses start drawn again and because of the teaches that we eliminate in terms of all of confusion and current tax code the end revenues are gonna start to go up.

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