Cain had best online fundraising day of campaign yesterday

Despite the scrutiny, or likely because of it, Herman Cain yesterday had his best online fundraising day of his campaign, according to his campaign.

It raised roughly $300,000 in online donations, campaign spokesman J.D. Gordon told NBC News. Campaign Manager Mark Block told The Daily Caller in a taped interview on its website Cain has raised $5 million since Oct. 1, at a rate of about $1.5 million per week. 

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It should garner him lots of democrat votes too. Too bad it wasn't salacious...then they would love him..but maybe only if he was a lighter skinned black.

    Reply#54 - Tue Nov 1, 2011 11:04 PM EDT

    Where is all of this "lighter skinned black" stuff coming from? Gee, wonder what'll hit the e-mail circuit next...

    • 1 vote
    #54.1 - Thu Nov 3, 2011 3:11 PM EDT
    Reply

    HERMAN CAIN IS A FRAUD, BEING A FORMER DISTRICT CHAIRMAN FOR THE FEDERAL RESERVE..PEOPLE ARE @!$%#IN STUPID TO THINK HIS 9-9-9 PLAN WILL HELP THE AVERAGE AMERICAN OR EVEN THE SMALL BUSINESS OWNER AND HERES WHY:
    As he continues to heavily tout his "9-9-9 plan", Herman Cain has seen his popularity soar. But is the Herman Cain tax plan a good idea for America? Without a doubt, the "9-9-9 plan" is simple and it is easy to remember. To most Americans, it sounds like a low tax plan. But is that the truth? As you will see below, Herman Cain's 9-9-9 plan will actually raise federal taxes on some middle income Americans to as high as 37 percent. If the other Republican candidates understood this, they would be jumping all over Cain. But instead the best that most of them seem to be able to do is to make jokes about it. For example, Jon Huntsman said that he thought that the 9-9-9 plan "was the price of a pizza when I first heard about it." That is a funny line, but the reality is that the future of our tax system is very serious business. Our economy is dying and our nation is drowning in debt. We need some very real solutions to our very real problems. So let's take a closer look at the 9-9-9 plan that Herman Cain is proposing….
    The one great thing about the 9-9-9 plan is that it would completely eliminate the current tax code. That should be the starting point for any proposal for reforming our current system of taxation. Under Herman Cain's plan, all current federal taxes would be eliminated. Social Security taxes would be eliminated, estate taxes would be eliminated and capital gains taxes would be eliminated. All current tax deductions and loopholes would be eliminated as well.
    So far so good.
    Under the 9-9-9 plan, the current tax system would be replaced with a 9 percent personal income tax, a 9 percent business income tax and a 9 percent national sales tax. Uh oh. 9 sounds like a low number, but when you add tax on top of tax on top of tax they can add up very quickly. The truth is that some Americans would end up paying significantly more taxes under the Herman Cain tax plan.
    Even Herman Cain is admitting this. The following is what Cain said about his plan the other day on NBC's Meet The Press….
    "Some people will pay more"
    So who will be paying more? Will it be the those at the top of the food chain? No, the reality is that the Herman Cain tax plan would represent a substantial tax hike for millions of middle income families.
    According to ABC News, an average family of four with a yearly income of just under $50,000 (i.e. the median household income), would pay approximately $2,725 more to the federal government in taxes under the 9-9-9 plan.
    Well, that doesn't sound good. That doesn't sound like a recipe for economic recovery. But if you are a middle income small business owner, the news is much worse than that. Under Herman Cain's tax plan, some small business owners could end up paying up to 37 percent of their incomes in taxes to the federal government.
    Here is how that breaks down….
    #1) First they would pay the 9 percent personal income tax.
    #2) Secondly, they would pay 9 percent on all business income. There would not even be a deduction for wages paid out. This would hit some small businesses incredibly hard. In fact, small businesses that have a very tight profit margin could be totally wiped out by this.
    A lot of people have assumed that the 9 percent tax on businesses is only on corporations. But that simply is not the case.
    In a recent article, Paul Krugman of the New York Times explained what the 9-9-9 plan really says….
    From comments I see that some readers believe that Cain's second "9″ is a profits tax, which I've argued in the past probably falls on capital owners. But it isn't: it's a tax on all business income, defined as sales minus purchased inputs and dividends — but with no deduction for wages.
    Ouch. Okay, so now we are up to 18 percent for small business owners.
    #3) The 9-9-9 plan also calls for a 9 percent national sales tax. Of course the truth is that very few people will spend all of their money on things that the national sales tax is imposed upon, but theoretically this could add another 9 percent to an individual's tax burden.
    So now we are up to a potential total of 27 percent for small business owners.
    The 9-9-9 plan would also make sales taxes absolutely crushing in some areas of the United States. For example, it has been projected that once you throw in state and local sales taxes, some areas of the country could be facing a combined sales tax as high as 17 percent once the 9-9-9 plan is implemented.
    Cain's plan would also set the stage for a VAT tax to be implemented. Many countries in Europe have already implemented a VAT tax, and quite a few liberal politicians in the U.S. have been eager to institute one here.
    The potential dangers of a VAT tax were described in a recent article by Dean Clancy….

    A VAT is a form of national sales tax that is collected at every stage of the process from the initial sale of raw materials to a manufacturer to the final sale of a finished product to an end-consumer. It's the most insidious of all taxes, because it is built into the price of everything and consumers can't see how much of the price is due to the tax. When taxes rise, prices rise, but consumers mistakenly assume that's just market forces at work. Politicians love a VAT: it lets them take a lot more money out of our wallets. And VATs usually exist side by side with income taxes, not in lieu of them. Taxpayers should hate VATs for the same reasons politicians love them.

    SOURCE: INFOWARRIORSUNITED: The 9-9-9 Plan: Is The Herman Cain Tax Plan A Good Idea?

    • 1 vote
    Reply#55 - Tue Nov 1, 2011 11:36 PM EDT

    Wouldn't surprise me if he sent that money himself to throw a smoke screen and say

    that he still has support from people. Sometimes, politicians don't play by the rules, or let's just say most

    of the time. They throw up an illusion to make it appear things are okay. Don't be fooled people.

      Reply#56 - Wed Nov 2, 2011 1:53 AM EDT

      msnbc,,,you have article after article about Cain BUT NOTHING about the bonus freddy and fannie are giving, solandra, fast and furious or any other scandels you are protecting this puke of a president and administration from the hardworking taxpaying people! And you wonder why ethic"s and just the whole idea of this great country going down the tube!!

      • 1 vote
      Reply#57 - Wed Nov 2, 2011 6:21 AM EDT

      What a great lineup: an old wacko, a struttin' Texas looney, a dirty old (pizza) man, a crazy biotch and a rich white boy. Forgot about Newt, but he's only available on tape and at a cost.

        Reply#58 - Wed Nov 2, 2011 7:08 AM EDT

        J knownothing,,,Yep, that is the class we expect out of a socialist lib moocher as yourself!

        • 1 vote
        #58.1 - Wed Nov 2, 2011 8:27 AM EDT
        Reply

        Surprised by this article? Americans can recognize a witchhunt when they see one coming from the liberals. No surprise about the increased funding. Good for the Cain Campaign!

        • 1 vote
        Reply#59 - Wed Nov 2, 2011 7:34 AM EDT

        Yep, the Federal Reserve is running the printing presses to get their stooge into office. Caine is bought and paid for by the FED banking industry......... just like Obama.

          Reply#60 - Wed Nov 2, 2011 9:51 AM EDT

          Has anyone considered the possibility that the Cain camp leaked this themselves in order to get ahead of the story and play the victim?

          • 1 vote
          Reply#61 - Thu Nov 3, 2011 3:09 PM EDT
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