Cain Unveils “Economic Vision” Plan in South Carolina

Wednesday, 29 Jun 2011 03:07 PM

  Comment  |
   Contact  |
|  A   A  
  Copy Shortlink
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.

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact  |
  Copy Shortlink
Send me more news as it happens.
Get me on The Wire
Send me more news as it happens.
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Zip Code:
Privacy: We never share your email.
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
You May Also Like

Passengers Push Plane on Icy Russian Runway (With Help of a Tractor)

Wednesday, 26 Nov 2014 20:45 PM

Passengers on a Russian plane got off to push the aircraft to help get it on the runway after it began slipping on ice i . . .

Bernie Tiede, Convicted Murderer Mortician, to Get New Sentencing

Wednesday, 26 Nov 2014 17:39 PM

Bernie Tiede, the mortician who was convicted of killing his companion Marjorie Nugent in 1996, will receive a new sente . . .

Chrysler Pentastar Logo Getting Phased Out With FCA Formation

Wednesday, 26 Nov 2014 15:51 PM

Chrysler's iconic Pentastar logo is being phased out as the company introduces a new logo in keeping with the newly form . . .

Top Stories

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved