Bachmann Calls For Huge Corporate Tax Cut Alongside Tax Increase For The Working Poor

[Donnachaidh]

http://thinkprogress.org/economy/2011/06/11/242953/bachmann-tax-increase-poor/

Several of the 2012 GOP presidential hopefuls have laid out economic platforms that would include huge cuts in the corporate tax rate. Former Massachusetts Gov. Mitt Romney (R) called for lowering the corporate tax rate from 35 percent to 25 percent, while former Minnesota Gov. Tim Pawlenty (R) went a step further, calling for a cut to 15 percent.

In an interview published today by the Wall Street Journal, Rep. Michele Bachmann (R-MN) — who is toying with a presidential run herself — decided to one-up both Romney and Pawlenty, calling for a reduction in the corporate tax rate to 9 percent. Adding insult to injury, Bachmann wants to pair that huge tax cut with giant tax reductions for the rich, as well as a tax increase on the working poor:

“In my perfect world,” she explains, “we’d take the 35% corporate tax rate down to nine so that we’re the most competitive in the industrialized world. Zero out capital gains. Zero out the alternative minimum tax. Zero out the death tax.” <...>

Her main goal is to get tax rates down with a broad-based income tax that everyone pays and that “gets rid of all the deductions.” A system in which 47% of Americans don’t pay any tax is ruinous for a democracy, she says, “because there is no tie to the government benefits that people demand. I think everyone should have to pay something.”

More at the link --

[Elwood P Dowd]

1. Repukes want 1921-1933 all over again.

:puke:

[louis-t]

2. They're trying to out-crazy each other.

And the teabaggin' yahoos would vote for Bachmann in a New York minute.

[Jackpine Radical]

3. This makes perfect sense if you think about it.

We want people to get rich, right? What better way to encourage them to do that than with tax incentives? If the poor don't like paying more taxes, let them get off their asses and get rich so they don't have to pay as high a percentage.

[Urban Prairie]

4. Bachmann just wants to ensure that the US doesn't run out of "rich" people

Especially since there already are, and as a result of past, present, and future legislation created and attempts to pass them, by Bachmann and those Rethugs of her ilk, would be a virtually unlimited supply of newly minted "poor" people to never "run out" of.

[eppur_se_muova]

5. Give Bachmann credit for consistency. She's consistently horrible.

It's a sign of, and justification for, commitment.

[ej510]

6. Republicans are terrorists. They orgasm when they advocate policies

to destroy America.

[Beaverhausen]

7. I'm sure Jesus would agree with her

:eyes: