Thursday, October 13, 2011

Godfather of Supply Side Economics Endorses Cain999...Paul Ryan Endorses 999 Plan 

The Daily Caller reports that GOP Budget Chairman, Paul Ryan is endorsing Herman Cain's 999 Plan.

""House Budget Committee chairman Paul Ryan says he “loves” presidential candidate Herman Cain’s signature “9-9-9″ tax plan.

Ryan told The Daily Caller in an exclusive interview that Cain’s plan shows the GOP presidential campaign season has entered into a more advanced stage where ideas — not just personalities — have come to the forefront.

“We need more bold ideas like this because it is specific and credible,” Ryan said. “I’m more of a flat-tax kind of a guy.”

The budget chairman went on to say that ideas like Cain’s plan could help shape the debate over tax reform moving into 2013.
“It’s great to see such bold ideas,” Ryan told TheDC."
          The Every Day Conservative sees this endorsement as huge for Cain.  This is the man responsible for forging    the new Republican President's Economic Recovery Plan through Congress.  This is Huge News and counters the objections that Herman Cain's 999 Plan cannot get passage in Congress.
Human Events wrote about the Godfather of Pizza Business linking up with an Endorsement from the Godfather of Supply Side Economics, Reagan staffer and economist Art Laffer.
"The Godfather of supply-side economics, Arthur Laffer, has given Herman Cain's signature "9-9-9" economic plan a critical boost, even as it has come under heavy fire from his GOP presidential competitors...

The famed economist told HUMAN EVENTS that the proposal was pro-growth and would create the proper conditions for America's economy to expand and thrive again.

"Herman Cain’s 9-9-9 plan would be a vast improvement over the current tax system and a boon to the U.S. economy," Laffer told HUMAN EVENTS in a statement. "The goal of supply-side tax reform is always a broadening of the tax base and lowering of marginal tax rates."

Added Laffer: "Mr. Cain’s plan is simple, transparent, neutral with respect to capital and labor, and savings and consumption, and also greatly decreases the hidden costs of tax compliance. There is no doubt that economic growth would surge upon implementation of 9-9-9."" 

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