The Reality Report w/ Gary Franchi

Season 2011 Episode 07.26.11

A Closer look at Herman Cain 2012

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In the 2012 election, the voters must know their options inside and out. Herman Cain seems to speak as a true blue constitutional realist at first glance, but the Reality Report does not conclude without a closer look. This is Gary Franchi with a thorough policy view of the GOP nomination hopeful, Herman Cain. Cain is Tennessee born, Georgia raised, and finished his masters in computer science at Indiana's Purdue University. Since then, he's taken the roles of a talk radio host, national columnist, author of four books, CEO of Godfather's Pizza, CEO of the National Restaurant association, and even Deputy Chairman of the Federal Reserve Bank of Kansas City . He is staunchly against abortion and gay marriage But what is his express plan for the country if he were the commander in chief? Here he is in a group of New Hampshire supporters speaking on the proper role of government. 0:05-:025 "Provide for ... ... the free market system." It seems simple enough, but what does that mean for his economic policy? From 2:03- 2:09 "That is correct. I would lower the... ...cap gains rate to 0." 0:48- 1:21 "My proposal is ... with the American public" Cain goes on to unveil his five phase economic plan. He proposes to #1.Lower the TARP corporate tax rate from 35% to 25% and lower individual income tax rates... #2." take capital gains to zero... #3. "suspend taxes totally on foreign repatriated profits.. #4. "give every worker in America a 6.2% raise by providing a real payroll tax holiday for a year for the employee and the employer." #5. " make tax breaks permanent or indefinite. He is also an avid supporter of the fair tax replacing the tax code, and wants to repeal the 16th amendment. On The O'Reiley Factor, Cain expounds on how he believes his plan will pay for the national debt. Cut 1: "But how do you get the 14 tril. + debt down... ...going in the right direction." 2:14- 2:57 Cut 2: "But Bill ... ... ymoreless

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