9–9–9 Plan

The 9–9–9 Plan was a tax proposal that was a centerpiece of Herman Cain's 2012 campaign for the Republican Party's nomination for president of the United States.

"[4] Cain's campaign website summarized the 9–9–9 Plan: Our current economic crisis calls for bold action to truly stimulate the economy and Renew America back to its greatness.

The 9–9–9 Plan gets Washington D.C. out of the business of picking winners and losers, using the tax code to dole out favors, and dividing the country with class warfare.

It is neutral with respect to savings and consumption, capital and labor, imports and exports and whether companies pay dividends or retain earnings.

[5]Under his plan, corporations would be able to deduct the costs of goods sold if the inputs were made in the US and capital expenditures, but not wages, salaries, and benefits to employees.

[11] Economist Arthur Laffer,[3] financial analyst Larry Kudlow,[12] and the Club for Growth[13] have spoken favorably of the 9–9–9 Plan.

On October 21, Cain told an audience in Detroit that the plan would be "9–0–9" for the poor, saying, "if you are at or below the poverty level ... then you don't pay that middle 9 on your income.

[1] Also, Arthur Laffer, a supply-side economist, told Human Events that "Herman Cain's 9–9–9 plan would be a vast improvement over the current tax system and boom the U.S.

[19] Bruce Bartlett, an economist under the Reagan and H. W. Bush administrations has written that Cain's plan "would increase the budget deficit without doing anything to stimulate demand.

[21] CBS News reported: In '9–9–9 the Movie – Slaying the Tax Monster,' the Cain campaign continues to hammer home the idea that a simple plan is the best one.

The 9–9–9 Plan is simple enough to vanquish the ineffective bureaucrats that lurk in the dark crannies of complexity; transparent enough to deter cronyism, and fair enough—fair being the dictionary definition, not the president's class warfare definition—to level the playing field and keep the government from picking winners and losers, the video's narrator says.