Michele Bachmann Wants More Tax Reductions for the Wealthy

June 11, 2011
By

With tax loopholes and economic platforms utilized by Corporations, some of which pay no taxes while sending jobs overseas, Michele Bachmann wants to be even more generous to them.

 

During an interview with the Wall Street Journal, Rep. Bachmann (R-MN) decided to best both Romney and Pawlenty, prompting for a reduction in the corporate tax rate to 9 percent. With a slap in the face to the middle class, Bachmann wants to pair that enormous tax cut with giant tax reductions for the wealthy, 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.”

 

It’s obvious Bachmann is campaigning and she is well aware of how to bring in money, which is why she’s still given any form of value from the Right.

 

On Medicare:

 

She voted for the Paul Ryan budget—but “with an asterisk.” Why? “The asterisk is that we’ve got a huge messaging problem [on Medicare]. It needs to be called the 55-and-Under Plan. I can’t tell you the number of 78-year-old women who think we’re going to pull the rug out from under them.”

 

Those could be the same seniors Republicans intentionally misinformed on Obama’s new Health Care Law, saying children (namely Palin’s) will stand in front of death panels. But, no, these seniors are concerned about their offspring and the future of this country.

 

Corporations are heralded by Republicans as ‘economic development.’ But, it’s corporate welfare. Jobs which they are supposed to be developing, are going overseas while their profits are presently soaring. The government subsidizes Corporations at the expense of taxpaying individuals — yes, that’s us.

 

Meanwhile, Corporations are sitting on trillions of dollars — and Republicans want to give them even more — while they take from the middle class.

 

H/T Think Progress

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  • http://www.prlog.org/11289974-phone-number-lookup-verizon-phone-number-reverse-lookup-to-get-information-you-need-quickly.html phone number lookup

    I believe just because you work harder, you shouldn’t be punished for it.

  • http://www.prlog.org/11289974-phone-number-lookup-verizon-phone-number-reverse-lookup-to-get-information-you-need-quickly.html phone number lookup

    I believe just because you work harder, you shouldn’t be punished for it.

  • Fara

    Actually the middle class people are paying their tax properly, the people who are millionaires are the culprit who escape from paying tax.

  • Bill

    @ sammy How can they “like him as a congressman” if they do not like him as a person? You need to lay off the kool aide. Consider a twelve step program.

  • Bill

    You go after Michele Bachman who raised a houseful of adopted kids and no post about Weiner or Edwards? Why the crickets from the do-gooder, all loving compassionate liberals? Seriously, did you see Edward’s mug shot today? Priceless! Mr. “Two Americas” with his cheesy smile and breck girl hair. And Weiner….I have said here many times before the scandal that Weiner was the most annoying, obnoxious Democrat that walked the earth. What a dumbass! Thinks he’s so smart taking on the Republicans and hamming it up for the cameras yet he is committing political suicide at the same time.

    • http://www.facebook.com/sammysings Sammy

      @Bill, The so-called “liberal” press has spent almost four weeks now on the Wiener story and has own party leaders have called for an investigation AND for him to resign. What’s your beef?

      • Bill

        @Sammy, My beef is that Weiner has been lauded here on this blog. Weinergate is the biggest scandal in politics at this time and there is no mention here. Why the crickets? What’s the lame ass liberal excuse? It’s Weiner’s personal life? It was cyber – not real life? And the breck girl was a VP candidate and now he’s indicted. This blog parses every word that comes out of Palin’s mouth and every Republican sex scandal becomes an instant hit piece yet when it’s a Democrat – it’s crickets. I’m pretty sure this blog is published by women – so why are these two cretins getting a pass here? It’s only cheating if it’s a Republican right?

        • http://www.facebook.com/sammysings Sammy

          @Bill, From what I have seen of this site, its intent is not to comment on every political issue of the day. Its intent is to serve as a watchdog for conservative hypocrisy and malfeasance. That is not to say or imply there isn’t liberal hypocrisy or malfeasance. The women who run this site probably do find Wiener’s actions objectionable and/or disappointing (but I wouldn’t begin to speak for them). But they may like him as a congressman.

          At least the issues presented on this site can be debated, unlike the thousands of blog pages wasted on birth certificate BS.

  • Bill

    @ Driverside

    My business was almost wiped out by the policies of liberal democrats and their cohorts on Wall Street. The problems we are experiencing right now are a direct result of pressure from liberal democrats to give mortgages to people that could not afford them. Thank you Jimmy Carter, Bill Clinton & Barney Frank!

    • Driverside

      @Bill, Sorry bill, but it was predatory lenders and fraudulent mortgage companies that tried to give mortgages to people who couldn’t afford them, not liberals.

      Having equity in your own home is one of the best investments you can make, and good for the economy. While Democrats were trying to increase home ownership Wall street and the mortgage companies were creating the ‘housing bubble’, basically handing out ‘sub-prime’ variable interest rate mortgages to anybody and everybody, knowing they could simply foreclose and re-possess those homes, and steal whatever equity the buyers had acquired.

      You know which party is in bed with Wall street.

      • Bill

        @Driverside, Please allow me to educate you. The mortgage companies that wrote the bad loans did not care about foreclosure. They were the loan originators. They received a commission on the loan and collected the interest for a short time. They were not worried about foreclosure because they knew that the buyer would make an effort and pay his initial mortgage payments and they had the house as collateral. In a lot of cases, before the ink was dry on the papers, the mortgage company would sell the loan to Fannie Mae- the underwriter for the majority of the mortgages in this Country. The loan “originators” did not care about the ability of the buyer to repay the loan because they were going to pass the bad paper on to Fannie Mae who would buy the mortgage having no idea that the mortgage payer had no job or income. The company that got stuck with the bad paper on sub prime mortgages was most certainly not the evil company that originated the loan. So we had a system in place where the evil banks could churn out commissions on loans and then pass the bad paper to another bank. Our financial regulators had no clue what was going on and the bankers that got bailed out by Obama/Bush TARP money basically scammed everybody. It gets even worse when we talk about how Fannie Mae packaged these loans into securities and the banks found a way to make even more commissions passing the bad paper around again.

        • Driverside

          @Bill, Thanks for the ‘education’, and agreeing with me; “… bankers that got bailed out by Obama/Bush TARP money basically scammed everybody.”

          Allow me to educate you: TARP was passed by congress in the fall of 2008, before President Obama took office.

          Please stop blaming Democrats for the disastrous economic policies of republicans.

  • http://www.govtogether.com/user1339 GovTogether

    These types of decisions should be left up to the American people, not ONE American person. We The People should decide what We The People will pay. Everyone should have a say in this issue, as well as other issues.

    We at GovTogether are trying to shift the power back to The People. We want to build a system that will allow all of us to have a vote on individual issues, and not just a vote for politicians who we then HOPE will make the right choices.

    If you like the idea and want to learn more, visit our site and maybe cast a vote while you’re there. The more votes we get, the greater of a chance we have at making this new system into a reality.

    GovTogether.com

  • Bill

    @ Driverside

    Just curious – what percentage of your gross income do you think is fair to pay in taxes? That’s a simple question that even a liberal flake should be able to answer.

  • Driverside

    Bill, taxes on the wealthy have been going down for over thirty years, I’m sure you know the statistics. When are these tax cuts going to start creating jobs? I’d guess your business was wiped out more by lack of customers with money to spend, than over-taxation.

    I don’t see why anyone with a secure job, making a decent living or better, has a problem with paying a fair amount of taxes.

    I realize that small businesses are the real job creators in America and government should be doing all they can to help the good ones to succeed. But giving tax breaks to the very rich and to giant multinational corporations seems completely wrong.

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