The revenue neutral 9-9-9 Plan would replace all current taxes, including the payroll tax, capital gains tax, and the estate tax and taxes on repatriated profits. The plan would establish the following:
VISION for ECONOMIC RENEWAL
•The natural state of our economy is prosperity; freedom ensures that
•In order to return to prosperity, Government must get off our backs, out of our pockets, and our of our way
1.Production drives the economy, not spending.
Production is the engine, consumption is the caboose.
• We can not spend our way to prosperity
• Government spending is to take a bucket of water from the deepend of the pool, pour it in the shallow end, then Hope that thewater level will Change.
2. Risk taking drives growth
• Business formation and job creation are dependent onentrepreneurs taking risks
•Investors who fund entrepreneurs likewise take risks
3. Measurements must be dependable
•A dollar must always be a dollar, as an hour is always 60 minutes
•Sound money is crucial for prosperity
UNITE,never DIVIDE;UNITEDaround ECONOMIC GROWTH
•When one party is so focused on spending so that the other must
focus on cutting, we must unite around economic growth
•Unite income tax payers with payroll taxpayers so we all pull for low rates.
•Unite those wanting to eliminate deductions with those seeking
•Unite the Flat-Taxers with the Fair-Taxers.
According to former Reagan Treasury official Gary Robbins of Fiscal Associates, the 9-9-9 Plan will expand GDP by $2 trillion, create 6 mission new jobs, increase business investment by one third, and increase wages by 10%.
9-9-9 PLAN: SUMMARY
•Removes all payroll taxes and unites all tax payers
•Provides the lease incentive to evade taxes and the fewest
opportunities to do so
•Lifts a $430 billion dead-weight burden on the economy due to
compliance, enforcement, collections, etc…
•Is fair, simple, efficient, neutral, and transparent
•Ends nearly all deductions and special interest favors
•Features zero tax on capital gains and repatriated profits
•Exports leave our shores without the Business Tax or the Sales Tax
embedded in their cost, making them world class competitive.
Imports are subject to the same taxation as domestically produced
goods, leveling the playing field.
•Lowest marginal rates on production
•Kills the Death Tax
•Allows immediate expensing of business investments
•Eliminates double taxation of dividends
•Increases capital formation which aids capital availability for small
•Increased capital per worker drives productivity and wage growth
•Features a platform to launch properly structured Empowerment Zones
to renew our inner cities
•The pro-growth, pro-job, pro-export economic policies of the 9-9-9 Plan