I’ve made up my mind who I stand behind for President and I’ve never felt stronger about a candidate. Herman’s 999 plan is the fastest most effective way to drop unemployment below five percent and get the economy humming again. Despite the lame stream media focusing on tabloid politics and touting Rino Romney as the front-runner, the polls still show Herman in the lead nationally.
So Why isn’t corporate America backing his bold vision; a vision that would transform the corporate tax rate from the highest in the world to the lowest, while eliminating FICA a matching employer tax of 7.5%? The silence is a combination of fear and survival.
Between the President and OWS, corporate profits and excessive salaries have been demonized to the point the most successful businesses are hiding in the shadows, fearful of repercussions from the angry mob? Shift the focus from the media phyco-babble and turn attention to the benefits of 999. I believe under 999 OWS demonstrators will find a job so they can stop whining!
This week on Dick Morris lunch alert, Herman explained the impact of removing the FICA tax. He used a loaf of bread as an example of how it would lower the price of products. From the farmer who grows the wheat,to the mill, distributor and the retailer, each step 7.5% is taken away from their cost of employment,lowering the price 20 to 30%, more than offsetting the 9% sales tax. In his simple example he doesn’t take into account that each of those employers insurance,healthcare and other service also with lower employment costs. The multiplying effect isn’t even measurable!
What would be the impact on the price of a new Chevy? Each car with a thousand parts from dozens of suppliers and hundreds of players in the supply chain.What if a new car price dropped ten thousand dollars?Combine that with the US going from the highest to the lowest corporate tax rate. What would that do for exports? What would the economy look like in Detroit if we tripled exports? The question is no longer do we want to just defeat Obama. It is do we want a little change like 8%unemployment or real change like a fair tax code a buzzing economy and unemployment under 5%.
999, do the math. If you see what I see I encourage you to use your sphere of influence to get business leaders to come out of hiding and endorse Herman for President, after all they have more credibility than Washington and the lame steam media.