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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rst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 - Immediate Boost

•AsIhaveoutlined,thefollowingrepresenttheminimumforfeedingtheeconomicengineandarethe“lowhangingfruit”offeringthemost“bangforthebuck”•Reduceindividualandbusinessincometaxestoamaximum

25%

•Eliminatetaxesonrepatriatedforeignprotsandcapitalgains•Thecapitalgainstaxisawallseparatingthosewithideasfromthosewithmoney•Whywouldwewanttowalloffthosewithideas?That’swherewegetbusinessformation,jobcreationandinnovation.•Whencompaniessellproductsoverseastheyfacedoubletaxationwhenthoseprotsarebroughthome(repatriation)toinvestinAmericaandpayitsworkers•Companiesdon’tshipjobsoverseas,Liberalsshipcapitaloverseasandthejobsmerelyfollow.

Phase 1 - Enhanced Plan

•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

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HermanCain 999economicgrowth

Not really a great category for Herman Cain's infamous 9-9-9 Plan. Turn the numbers around and it's a 6-6-6 plan. That's about right for the former CEO of Godfather's Pizza turned presidential candidate. When all is said and done, his plan will raise taxes for most households except, of course, for the wealthiest in the nation.

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