Herman Cain powered by 9-9-9 plan
ATLANTA – If there’s a policy star in the Republican presidential primary, it may be Herman Cain’s 9-9-9 tax overhaul plan.
It has helped fuel the Georgia businessman’s sudden surge in the GOP race. But behind the catchy slogan is a reality: Experts say it will raise taxes on some Americans.
Better-known Republicans seeking the White House relentlessly assailed both Cain and the centerpiece of his unlikely presidential bid, mocking it as simplistic and politically unworkable.
“I thought it was the price of a pizza when I first heard about it,” joked former Utah Gov. Jon Huntsman.
The plan would scrap the current tax code and replace it with a 9 percent tax on personal income and corporations, as well as a new 9 percent national sales tax.
Cain argues the 9-9-9 proposal would expand the tax base so more Americans are contributing to government coffers while, at the same time, getting government out of the business of picking winners and losers through the tax code.
The final phase of Cain’s plan would move to a so-called fair tax, eliminating the income and corporate income taxes in favor of a national sales tax.
“It’s bold,” said Jeanne Seaver, co-founder of the Savannah, Ga., tea party. “I like that you know where you stand with his plan.”
USF joins the Association of American Universities
USF has accepted an invitation to join the Association of American Universities (AAU) according to a universitywide email from President Rhea Law on Thursday morning. The AAU is a “prestigious” group in higher education composed of 71 research universities, according to the email. Member universities earn the majority of competitively awarded federal funding for research […]
Students pleased, concerned for DeSantis’ 2024 presidential run
Gov. Ron DeSantis announced a run for the oval office after months of speculation and rumors, leaving students divided in the wake – with some hoping for his victory and others going against it. Taking place in a virtual Twitter livestream hosted by entrepreneur and Tesla founder Elon Musk, DeSantis made the announcement on May […]
BOT ACE committee approves grant application, degree termination
The Board of Trustees’ (BOT) Academics and Campus Environment (ACE) committee approved a grant application for the Eileen Hoffman Hafer UMatter program, an updated Master Plan for ONE USF and the degree termination of the Master’s in foreign language education in a Tuesday morning virtual meeting. UMatter is applying for a grant renewal of $2.5 […]
New Nursing/STEM building at Sarasota-Manatee campus in final design stages
USF is finalizing the design for the new Nursing/STEM building at the Sarasota-Manatee campus to expand its accelerated nursing program, according to Regional Chancellor of the Sarasota-Manatee Campus Karen Holbrook. The 75,000-square-foot building was designed by Willis A. Smith Construction – a general contractor from Sarasota – architects and an ideation committee of around 80-100 […]
BOT finance committee approves recreation fields relocation plans, capital improvement plan summary
In a virtual Tuesday morning meeting, the Board of Trustees (BOT) finance committee voted to approve a recreation field relocation plan and a five-year capital improvement plan summary to be sent to the Board of Governors for approval. Due to the construction of the new on-campus stadium, various currently-operational student recreational facilities will be displaced. […]
Judy Genshaft Honors College not operational due to supply chain delays
The new Judy Genshaft Honors College (JGHC) will not be operational until June 12 due to supply chain delays and to conduct systems checks, according to Director of Communication and Engagement Aaron Nichols. A sign on the doors of the JGHC reads “We appreciate your interest in our beautiful new building, but it is still […]