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.
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