The GOP presidential contender says President Obama is perpetrating a fraud on Americans.
One of Herman Cain’s campaign mantras is “Let’s keep it real,” and according to the GOP presidential hopeful, President Obama isn’t being honest with the American public about the potential of “green jobs” to help restore the nation’s economy.
“This whole rhetoric about ‘grow green jobs’ is a deception on the American people in my opinion,” Cain said in a Monday interview with Fox News’s Gretchen Carlson. “It might happen 15 or 20 years from now, but today businesses need some certainty and businesses need some incentive to grow again.”
On Tuesday, Obama heads to Iowa to promote Democrats’ “Make It in America” agenda and the importance of the manufacturing industry. Cain plans to unveil his economic plan in the Hawkeye state the next day, which, based on a preview to Fox News, stays true to the congressional Republicans’ refusal to increase revenues by closing tax loopholes for corporations and the wealthiest Americans.
“We’ve got to lower the top corporate tax rate and the top personal income tax rate to a maximum of 25 percent,” Cain said. “We’ve got to take the capital gains tax rate to zero, not cut it, or trim it—take it to zero. We have to suspend taxes on repatriated profits. We have nearly $3 trillion that have been generated by multinational companies that won’t come home because it’s gonna be taxed the second time. And one of the most important elements—make them permanent. Uncertainty is what’s been killing the economic engine that drives this economy.”
Cain also had harsh words for the role Obama has played in the ongoing debate between Capitol Hill lawmakers on raising the nation’s debt ceiling, which he said the president should have began tackling a year ago.
“A year ago, I would have had a plan that said, okay, we see this coming, folks, if the economy doesn't turn around,” Cain said, outlining how he would have approached the problem. “Number one, make sure that we pay all the interest on the debt so that we don't default or pay more interest. Number two, let's make sure we pay our military and their families. Number three, make sure people get their Social Security checks. Number four, make sure that people's Medicare bills get paid and Medicaid. Then, everything else is on the table and then you would be able to avoid this crisis.”
(Photo: Steve Pope/Getty Images)