Herman Cain, former CEO of Godfather’s Pizza and presidential hopeful, unveiled his “Economic Vision: Jobs for America” plan in Greenville, SC earlier today, according to a
press release from Cain's camp.
Cain’s plan touts three main guiding principles.
First, Cain insists that production drives the economy arguing that the federal government should ease burdens on excessive taxation and regulation to allow economic growth to flourish and increase production. He goes on to say that the tax rate for top personal and corporate income tax brackets should not exceed 25 percent. The government should also scrutinize current economic regulations and eliminate those which place an exccessive financial burden on job creators.
Second, Cain insists that risk-taking drives growth.
“The capital gains tax represents a wall between people with money and people with ideas,” Cain explained. It is those “people with ideas” that Cain calls “the catalyst for new businesses and new job growth.”
Third, Cain insists that measurements must be dependable. The government must provide monetary stability by restructuring government assistance programs and making meaningful spending cuts. This will reduce the national debt and breed confidence in the value of the dollar.
Cain strongly believes that, if implemented properly, this plan would cut the unemployment rate in half and stimulate innovation.
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