Forget 9-9-9, Santorum unveils 0-0-0 tax plan

Republican presidential candidate Rick Santorum has fellow candidate Herman Cain's number.

At campaign stops across the country, Cain has been touting his "9-9-9" tax plan. It calls for throwing out all existing tax policies and replacing them with a nine percent business flat tax, a nine percent individual flat tax, and a nine percent national sales tax.

Friday at the Values Voter Summit in Washington, D.C., Santorum unveiled his own plan called "0-0-0."

"I know there's a plan out there that's the 9-9-9 plan," the former Pennsylvania senator explained. "I got a better plan. It's the zero-zero-zero plan."

"Twenty-one percent of the people working on this country when I was growing up were involved in manufacturing. Now, it's nine. We need to get those jobs back. How? Zero corporate income tax on any manufacturer or processor in this country. Because those manufacturing jobs left this country, there's $1.2 trillion in corporate profits sitting all over that won't come back because of taxes. Zero corporate tax on all of that money brought back if, in fact, it is invested in plants in this country... And zero, we will zero out and repeal every regulation the Obama administration has put in place. That is a hundred million dollars to business and more."

Santorum also offered one more reason that he was the superior candidate.

"Experience matters," he said. "When that phone call comes at 3 o'clock in the morning, ladies and gentleman, I will be up and waiting for the call because I will know what's going on in the world around us. You won't have to get me out of bed!"

Listen to this video from CNN, broadcast Oct. 7, 2011.

Watch this video on iPhone/iPad