Herman Cain Bets On Main Street-John Ransom - Townhall Finance: finance.townhall.com/columnists/johnransom/2011/04...treet
Here are some great quotes from the above story. Looks quite workable both policy-wise and economics-wise to get this country back on its feet.
"The current administration’s hostility towards the job creators of America, from small businesses to our biggest corporations,” Cain told Townhall Finance,"is based on the fact that only 7 percent of President Obama’s administration has ever held a job in the private sector.”
"For decades Democrats have insisted on taxing profits generated by U.S. companies in foreign countries,” Cain wrote in an editorial in Investor’s Business Daily,"because they thought it would force businesses to keep the investments in the U.S.” Cain says that it’s had the opposite effect, costing jobs here at home.
"Significantly lowering the top corporate tax rate, reducing the capital gains tax rate to zero, suspending the tax on repatriated foreign profits, making the tax rates permanent, and a one-year payroll tax holiday for employees and employers would be a good start.”
"Cain would first look at across the board reductions of between ten and fifteen percent in federal spending for all departments and programs. Cabinet members who couldn’t make the cuts would be sent walking."
"After that Cain would institute a comprehensive review of government, eliminating some programs or departments entirely. While Cain is mum on which departments he would chop, grassroots conservatives would like to see the elimination of the EPA, the Department of Energy and the Department of Education, along with de-funding the United Nations in any potential downsizing of government. "
http://chum.ly/n/81ea66
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