Help Wanted: Herman Cain
Exclusive: 2012 candidate on his job creation plan
- Duration 10:41
- Date Jun 30, 2011
Exclusive: 2012 candidate on his job creation plan
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Welcome ever -- -- tonight -- say this about President Obama.
He may have trouble finding folks jobs -- man he has no trouble.
Raising cash millions tonight from not one but two events on top of millions more last week to New York after.
Three events tonight the guy who says that the president's missing the main event.
Man -- man -- Herman Jane raising -- CNR a special help wanted series a candidate who came out of nowhere it still raises more -- and among diehard Republican conservative voters anyway I'm talking for repeats -- -- Permanente news says he knows -- thing to do about grown apart and tonight -- belly up first here.
His jobs plan to expand that by her but it's always a pleasure to have you.
-- -- happy to be with you and about that opening about President Obama.
The American people to say this what I hear you cannot buy a second term is gonna take more than that money in order -- second -- are.
But he is having no trouble raising cash and -- Wallace said and -- but talk is he's going to be -- billion dollar man armed.
Whether you're the nominee or not that's going to put whoever it is.
At a distinct -- event when.
-- yes this is why the candidate that the Republican Party puts up.
Has to have real common sense solutions which is what I have developed in our continue to develop secondly.
Is going to have to be a candidate that has proven problem solving experience.
The American people -- Are sick and tired of excuses.
This -- -- of the blame game and they're sick and tired of the deception coming from this president and this administration.
This is why I believe.
That I am doing so well in the polls -- have more money out won't have more money than any of the candidates even the Republican candidates we know that already.
But we are building this campaign team like I would build the business and that is we have -- -- -- -- fault with no debt we've been greatly raise the money.
I -- hit the put a little bit of money in in order to prime the pump but.
-- how much is a little bit funny because I know -- rich but you're not Mitt Romney tried your online well looks like you're not.
You know I can't forget the rest of my life off.
That at -- but people are responding neo.
Two of my common sense solutions message.
And mind clear problem solving track -- whether you were talking about Pillsbury.
Burger King got -- the National Restaurant Association.
Eight each one of those situations I had a daunting problem that I -- the soft.
And I use the same.
Business principles to approach to problem.
And more importantly solve the problem is ever wanted to situations and that's what's resonating with the voters as I make my case on this campaign -- Okay and doesn't do wanna get to those resolutions -- -- -- -- on religion -- a trigger finger graphics -- but result but I do want to ask you very quickly.
Yes you do have a lot of good ideas you do -- -- gender great deal passed within the Republican Party.
Herman and and a lot of your voters -- the those who want to vote for you.
-- we really like and we feel very strongly about it but we just don't feel that not all but that we don't field.
He has a chance because the mainstream media says you don't have its hands and even Republican money brokers.
Say they are very impressed -- you know but because you don't come from the familiar Petri -- and having been either a senator congressman or governor.
That is right you'll.
How -- -- breakthrough.
The way -- breakthrough.
Is the continued to do the things that I'm doing and that is take my message to the American people.
When they hear me.
And they liked it they don't necessarily look for the mainstream.
You know in order to be -- -- -- confirmed what they believe.
So I continue to take my message to the people it is resonating and here's something that the establishment.
Is under estimating -- -- social media.
My presence in the social media and -- -- -- -- is much bigger than many of the other candidates including Mitt Romney.
So when you take the social media and you take the Tea Party citizens' movement.
You have a combination they have that quite frankly it.
Ten years ago I would have had a chance and this is what's being discounted by members of the establishment media and some members of the republic.
No other and I would agree that a monopoly -- not just saying this is a friend and admire but I -- -- people you know when they see -- doesn't have the experience.
It's -- well when it comes to the is is a matter like jobs and and and creating and actually he's only wondered -- that is -- but that's neither here and there I don't want to now start touching on how you would.
Create those job and we were kind of rifling through a couple of examples let's get right to -- -- -- debuting that on this show and we're flattered about that let's go one by I want.
The president is having a devilish time getting nose job -- what -- Herman -- due to start creating a more now.
Herman -- has an economic vision.
Which means you start will some guiding economic principles.
If you don't have -- got an economic principles then the specifics aren't going to make and other such as he has not.
Such at number one.
The business sector is the engine to drive this economy.
You must produce people you consume.
What that means he has all the programs coming from this administration have loaded up at the -- they haven't put in it -- in the engine which is the business sector.
This is why.
I would pro polls 81 -- fat percent max tax for corporations and individuals.
And I would also -- polls -- spending taxes on repatriated profits.
I would they -- make sure that these tax rates are permanent.
Uncertainty is -- this economy regional that's.
Whatever it is you're an encyclopedia but does so people know of the top corporate parents are now I'm 35 -- 35% are you -- get this when he thought about and keep it there.
Our -- and yes.
Yes the second economic principle is risk taking -- economic growth.
The biggest one of the biggest barriers to drive an economic growth is the capital gains tax rate.
Apple polls taken it to zero.
I liken it to a wall the capital gains tax Neal -- the wall between people will mining and people will ideals.
New ideas and new businesses -- most about a new job growth.
So relative to that principle.
Capital gains tax rate take it does he wrote is the primary driver if you -- -- the possible and I know you do admit -- you view as do.
That risk taking draft economic growth and in the third and final economic principle that draft this.
Is that -- -- he admits must be dependable.
Namely the -- When we -- -- this economy.
At least eight fact the 6% growth rate which I believe these tax changes would do.
And at the same time we got serious.
Those programs that a draft -- us all of this -- of bankruptcy.
Then we'll have a -- that he was going in the right direction up.
We'll have spending going in the right direction down and -- the value of the -- will read game a lot of respect that it is lose.
Well you get five or six resigned grow divide the dollar will go up now that the president might take issue on the 0% capital gains rate because.
Right will say that a lot of millionaires and billionaires.
To pay that rate.
If they pay any taxes and all that's the one -- attacked.
Right now at around 50% and it's right that he says it's it's a bargain you're -- to 0% some particularly.
On of this area.
-- under under Kate administration.
The argument go well millionaires and billionaires get off paying nothing.
But he sent back is not true and here's why.
Medium to small businesses.
-- -- all incorporated S sub chapter S corporations.
That means that if that restaurant.
Makes any cash.
And makes a profit they -- -- has to run it through his personal income tax return.
And we have seen this asked to put it back into the business he's got to take a haircut -- taxes first if he -- -- to invest it.
And hope he can get some gain -- his capital well guess what.
That's double taxation so the -- -- of the job that are going to be created.
Although to be created by beating the small businesses and the capital gains tax is one of the biggest penalties again there -- are -- on the -- taking.
Then let me get to the repatriation wanted the -- a couple of trillion that's invested abroad that if it gets back home you know we'd be off to the race is -- There is -- to talk on capitol Norman where there'd be a carrot and stick approach let will let you take that money back home at a very low tax rate.
But you've got -- let's -- -- I think the latest figures a quarter of it.
To creating jobs would permit Jane DOK with that kind of a -- in other words sure does is get the tax cut.
Bring the money home but they have to commit to hiring -- I would be okay -- the -- at 5% requirement.
That you keep it home what you invested here or you buy equipment for you operations here I could -- with -- that and here's why.
I believe the most businesses are gonna do that it away so I could support that.
-- they don't always you don't always in the early -- the way and they had a had a similar sentiments although the numbers are far different.
Most of them just -- -- back -- higher dividends -- bought -- stock they didn't hire a heck of a lot more people so that's why and how people are a little dated debt.
You know these companies -- placing some faith and might not deliver.
Right so that they -- -- we -- get -- what didn't work in the past because not everything that didn't work in the past.
If that indication that we can't make it work in the future so Oxley act illegal -- that but okay not to reduce the tax on repatriated profits we need to take this zero.
This economy is in drastic shape.
So we need to take big steps to put fuel in the engine that's driving this economy aren't you.