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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        

 

ECONOMIC GUIDING PRINCIPLES

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 deep end of the pool, pour it in the shallow end, then Hope that the water level will Change. 

 

2. Risk taking drives growth

          •    Business formation and job creation are dependent on entrepreneurs 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; UNITED around 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

                         lower rates.

          •       Unite the Flat-Taxers  with the Fair-Taxers.

 
 


PHASE ONE

Our current economic crisis calls for bold action to truly stimulate the economy and Renew America back to its greatness. The 9-9-9 Plan gets Washington D.C. out of the business of picking winners and losers, using the tax code to dole out favors, and dividing the country with class warfare. It is fair, simple, transparent and efficient. It taxes everything once and nothing twice. It taxes the broadest possible base at the lowest possible rates. It is neutral with respect to savings and consumptions, capital and labor, imports and exports and whether companies pay dividends or retain earnings.

 

9% BUSINESS FLAT TAX
Gross income less all purchases from other U.S. located businesses, all capital investment,and net exports
 
Empowerment Zones will offer deductions for the payroll of those
employed in the zone.
 
9% INDIVIDUAL FLAT TAX
Gross income less charitable deductions
 
Empowerment Zones will offer additional deductions for those living and/or working in the zone.

 

9% NATIONAL SALES TAX

Unlike a state sales tax, which is an add-on tax that increases the price of goods and services, this is a replacement tax. It replaces taxes that are already embedded in selling prices. By replacing higher marginal rates in the production process with lower marginal rates, marginal production costs actually decline, which will lead to prices being the same or lower, not higher.

 


 

 

ECONOMIC IMPACT
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

                businesses

       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

                equals a strong dollar policy
 
 
 

PHASE TWO

Amidst a backdrop of the economic renewal created by the 9-9-9 Plan, we will begin the proess of educating the American people on the benefits of continuing the next step to the Fair tax.

       Ultimately replaces individual and corporate income taxes

       Ends the IRS as we know it and repeals the 16th Amendment