1. Democrats – Obama’s Jobs Plan Progressive income tax Pro: more tax revenue Con: not fair to wealthy; many loopholes to get out of paying full tax amount Tax credit for first-time home buyers Pro: improves housing market Con: expensive in short run

2. Obama’s Jobs Plan (cont’d) Money to improve infrastructure Pro: repairs old structures; creates jobs Con: lengthens projects to maintain jobs; expensive Personal tax cuts Pro: increases spending Con: much of what we buy comes from outside U.S. → positive effects weakened

4. Republicans Reduce federal regulations until unemployment drops Pro: eliminates regulations that are stifling job creation Con: too few regulations could cause problems like corruption Eliminate Environmental Protection Agency Pro: extremely expensive to fund all of the EPA projects (i.e. greener factories) Con: environment facing many problems, like global warming, that we need to fix before its too late

5. Republicans – Cain’s 9-9-9 Plan 9% personal income tax, 9% sales tax and 9% corporate income tax Pro: simpler than current tax system; flat tax for individuals & businesses; shifts taxation from production to consumption Con: adds national retail sales tax on top of income tax; creates possibility of adding a Value Added Tax, which is unknowingly built into the price of everything

6. ResponseAll votersRepublicansDemocratsIndependents Approve39%63%14%43% Disapprove51%30%73%49% Not sure10%7%14%7% Republican Presidential candidate Herman Cain is proposing a change in the federal tax code to replace current personal income and business tax rates with a flat 9% rate on both, and to also have a 9% national sales tax. Do you approve or disapprove of this plan Cain calls "9-9-9"? Zogby ©

7. Bibliography Bivins, Larry. "Lawmakers See Pros, Cons in President Barack Obama's Debt-reduction Plan." Postcrescent.com. Gannett, 20 Sept. 2011. Web. 2 Jan. 2012.. Center on Budget and Policy Priorities. Center on Budget and Policy Priorities, 2012. Web. 03 Jan. 2012.. Clancy, Dean. "Herman Cain's "999 Plan": The Good, the Bad, and the Ugly." FreedomWorks | Lower Taxes, Less Government, More Freedom. FreedomWorks, 6 Oct. 2011. Web. 02 Jan. 2012..

8. Bibliography (cont’d) DNC Services Corporation. Democrats - Change That Matters. Democratic National Committee, 2011. Web. 03 Jan. 2012.. Lincoln, Blanche, and Dan Danner. "Open Letter to President Obama." Small Businesses for Sensible Regulations. National Federations of Independent Business, 1 Nov. 2011. Web. 03 Jan. 2012.. Mascaro, Lisa. "Super Committee Fails to Agree on Deficit-reduction Plan." Featured Articles From The Los Angeles Times. 21 Nov. 2011. Web. 03 Jan. 2012.. Newport, Frank. "Americans Favor Obama Jobs Plan by 45% to 32%." Gallup.Com. Gallup, Inc, 14 Sept. 2011. Web. 02 Jan. 2012..

9. Bibliography (cont’d) RNC: Republican National Committee | RNC: Republican National Committee | GOP. Republican National Committee, 2011. Web. 03 Jan. 2012.. Roth, Zachary. "Cain Tweaks 9-9-9 Plan — for Poor, It’s 9-0-9." Yahoo! News. Yahoo! Inc, 21 Oct. 2011. Web. 02 Jan. 2012.. Schiermeyer, Corry. "IBOPE Zogby Poll: 51% Disapprove of Cain's 9-9-9 Tax Plan & 48% Believe It Would Raise Their Taxes." IBOPE | Zogby International. Zogby International, 27 Oct. 2011. Web. 02 Jan. 2012.. Taylor, Timothy. "History of the U.S. Economy in the 20th Century." The Great Courses. The Teaching Company, LLC. Web. 03 Jan. 2012.. The Cato Institute. Cato Institute, 03 Jan. 2012. Web. 03 Jan. 2012..

10. Bibliography (cont’d) U.S. Congress Joint Economic Committee. United States Congress, 2010. Web. 03 Jan. 2012.. U.S. National Debt Clock : Real Time. Usdebtclock.org, 2012. Web. 03 Jan. 2012.. World Development Indicators Database. "Gross Domestic Product 2010." World Bank, 1 July 2011. Web. 3 Jan. 2012. <http://siteresources.worldbank.org/DATASTATISTICS/Resources/ GDP.pdf Wyss, David. "Obama's Stimulus Plan: Hits and Misses." Businessweek. 18 Feb. 2009. Web. 02 Jan. 2012.. "Year-End Review." Business News & Financial News - The Wall Street Journal - Wsj.com. Dow Jones & Company, Inc., 2011. Web. 03 Jan. 2012..