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In his new book, '9-9-9: An Army of Davids', Herman Cain gives unique solutions to fixing our current economic crisis
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So here's a man who.
Has no problem dealing with media is no problem dealing with anybody -- -- fact.
He's mr.
999.
Higher McCain how are you -- think.
Hello out they'll thank you and I both like to think that.
Think you'd guess for that very nice compliment that he paid relative to my 999 plan thank you.
Yeah well I was actually that was going to be -- segue but you know -- took bits -- daddy let's forget.
I -- so mr.
-- you have we're talking about your new book it's called 999.
An army of -- in it'd be a way to break it down for me basically we were showing -- cover it by the way.
In the end is it this isn't the same 999 plane -- that you introduced on that the ad campaign trail or -- does -- go into even more specific.
It goes into much more depth but it is the same man that man plan that I've talked about when I was in the Republican primary.
And the reason to subtitles is an army of Davids is because.
Washington DC is broken and island nation is broke.
And we'll go on that and they represent the big government don't lie yet.
Is going to take an army updated its meaning the voters that are going to force change from the bottom up.
I -- biggest domestic Brit.
Is this sluggish economy not -- is the answer to that but the people this army of Davids.
That's what's gonna have to force to change in order to get him throughout the tax code and put in the structure not a man that.
And speaking of that -- did there's something that I think it's a little bit that is blasphemous in your book here mr.
-- you're talking about the business flat tax you're talking about blacklist tastes -- -- -- Republican Party.
Cohorts that is they have the first nine year tied -- we talk my businesses.
You're you're you're saying that you should tax the same way and -- the same way -- corps as corpse.
Assuming you're -- Republican and the folks don't wanna hear that.
That's too bad they're -- here because the thing about the man -- man plan.
He is the fact that all businesses are treated the same.
All taxpayers treated -- saying.
And it helps to level the -- -- -- For American made products they don't get taxed before we try to sell them in foreign countries and so this helps to level the playing field.
So even though some of my Republican cohorts may not want to hear.
This is what that people want and this is why I am continuing to deal.
This army of day -- so so that they will be able to feel the heat remember it was senator Everett Dirksen who say it when they feel the heat they will see the light.
Well this army of Davids has come -- with the heat they will see the light.
Mr.
-- who is this book for Politico is or is there something somehow that.
He -- people for their personal finances they can glean -- -- -- -- from your book or even if someone who is running small business perhaps they can pick up some some pointers.
As to how to get their operation a little more economically sound.
-- is written such that he can appeal to people who sit eradicate kitchen table trying to figure out how can we make this nation better.
Our current tax code is strangling American businesses.
Especially small businesses when you add on the regulatory burden.
And so about the -- about the tax code it will liberate -- it will liberate businesses wanted to biggest threats right now to this economy.
Is the uncertainty that's been created by this administration and this congress because we don't even know what the tax code is going to be January 1 2013.
And so that also we get to that date.
Weather out there being in something done other than raise taxes which is -- fear right now.
It's gonna continue to -- to basically generate that -- -- is so this book is written that he could appeal to all groups of people.
I used to call -- in my campaign than LeRoy and -- route.
One of my favorite uncle uncle LeRoy and my favorite -- -- -- Betsy they didn't have a lot of education but they can understand.
-- that.
And you know -- a lot of times that you need street smarts and the folks who they didn't -- student two Nickels together mig 25 dollars they're the ones -- not to -- -- -- -- better than some folks who have a lot of it.
I think -- re absolutely right -- the okay.
I only get too specific about double subchapter S&C -- but I do when I go back to.
As you know you have gotten -- opposition.
From.
Again some folks would normally support you.
In your political -- saying that it's not fair to this whole flat tax -- -- work because.
It is the first of all it it a lot of those larger business up suffered they suffer as well in the small business -- businesses suffer so why are you still.
Sort of pushing -- and what is it that you can say -- -- mr.
-- that kind of shuts them up for what once and for all.
Well so -- they are did wrong.
What this man man man planned is that it brings the flat tax supporters.
To the table with a fat tax supporters at the lowest possible rate.
9%.
That's the beauty yet the simplicity.
And the visibility of it secondly.
In the book now and then that an army of Davids can we idea of a historical perspective.
Of how we got to this point as well -- has.
Why this economy is not moving and it is not moving primarily because.
Of the tax policies that have been ignored by this administration and we need to start over sold to the goals that criticize my play and I simply say.
Read the book.
They simply don't understand that plan and even when -- -- up on the president to campaign that they had not really the complete -- it it is not progressive on the pool.
And yes he treats all tax feels the same we have a poverty exemption in the.
Mainly is you can't think Clemson pardon me for interrupting but I think one of that there's -- good beat.
The current group criticism that they had a -- but -- your plan I should say.
Is that if you tax a big business in the same reason to a small business you're gonna drive the drive those small businesses out of out of business and I think your whole idea.
Used to sorting -- talking about the David your idea -- to resurrect those small businesses.
But something you're you're you're -- detractors are saying your -- to promoting a plan that would do just the opposite.
Let me explain take the first nine.
Businesses.
Regardless of size -- can deduct from bad.
Profit the profits and that sales that purchases once you -- doubt that you pay tax on you income.
And 9%.
Now today if -- subchapter S corporation you have to -- those profits to -- personal income tax.
The top rate there exceeds the rate of 5%.
I think it's back up that 39%.
-- -- corporations if -- not so captain yes but you start seacor.
The Max is 35%.
So how can they possibly say is having to reversing effect Padilla all in -- -- even hear it nearest.
-- tractor as if you're paying yourself then you're only paying yourself let's -- your company makes.
500000 dollars that you pay yourself out of your company say 75000 dollars in your personal taxes will be based on -- -- 5000 dollar income.
So no.
No you have to add in the hole 500000.
If you'll small sub -- S company makes 500000 dollars.
It rolls into your personal income tax so this is where the critics are absolutely wrong why can't they get it why would what's the problem -- if it in his plan is so brilliant why are they picking up on mr.
McCain.
Well -- -- there are people who want to maintain the status quo.
That's really what idiots on the the current tax code.
If they maintain the status quo it allows politicians and bureaucrats the track and manipulate people's behavior through the tax code.
About picking winners and loses deciding which some loopholes they won't have rolled out which loopholes they want to rolling it.
But the difference would -- -- that is that the American people.
Did it and from the bottom up with this army of Davis we -- going to get them to get it they simply want to maintain the status quo.
And that -- -- goals against that.
I have a question for you regarding your children and when they were younger I know they're they're adults now young adults but I -- to know when -- younger did you have them when you gave them their allowance where they've made too.
Come -- with their own budgets and a plan for that allowance and McCain households.
First of all you didn't get and allow to McCain household.
When my kids were of age -- put in the work and -- father's pizza restaurant.
In that back -- a house and making pizzas.
Bussing dishes clean in the tables they had that very -- allows the McCain household.
So we didn't just give them on allows and they go Willy Nilly all I gave them some serious chores around the house that they had to do in order to earning it.
So it was -- a giveaway plan and McCain household.
Right they learned the hard way.
That's the way should be that's the way was not my household as well yes and went where his glorious stands on the financial I had spoke to rapid -- when asked -- like Gloria.
His regime no pushover that -- -- I watch her.
And with hers -- -- -- the whole thing -- financial.
You know planning of the house achieved if you partake in that.
Oh absolutely in fact.
She.
She basically.
Pays all the deals she has we have some dual accounts he even has won -- campus told occurs we set it up that way for.
You know -- -- is due respect to our wheels but she actually runs the finances for our household and she's also the treasurer.
From my company the new boys so she's very much very much involved in all the to finance the goals on and McCain household and the -- businesses.
And you know it mister -- and that's where -- the last thing.
But I'll bet you any money you don't tell me it is I think I know it though you tell them right Iran I'm sure that Gloria was the one.
Who ran an ad budget when there wasn't much to work with and that was the most difficult budget planning a ball.
Cap.
I won't denied a bit my job with the go out -- try to make it.
And her job was to manage it and she did a great job of managing that that's why we've been a great team that's married couple -- now.
Almost 44 years -- you can't keep going where's your hat.
It was look hot in the studio in Atlanta so I decided not to win today his night it's -- -- -- to you it's nice to -- you.
-- -- -- a steer around Aaron Cain think of that image.
