Posted on 09/04/2011 11:23:10 AM PDT by 2ndDivisionVet
Republican presidential candidate Michele Bachmann offered muted support Sunday for Sarah Palin's recent call to eliminate all corporate taxes, noting that she's "open" to the idea of cutting corporate tax rates to zero percent - but not calling for it outright.
The Minnesota Congresswoman, appearing on CBS' "Face the Nation" Sunday, said "we could go that route" on corporate tax rates, but she noted that "we'd have to have a fundamental restructuring of the tax code" first if taxes paid by companies were to be eliminated altogether.
"What we would have to do then is re-jigger other elements to define revenue and what revenues would be needed to the economy," Bachmann told CBS' Bob Schieffer. "We certainly could get down to a zero percent corporate tax rate."
Palin, speaking at a Tea Party rally in Indianola, Iowa on Saturday, blasted President Obama's relationship with "corporate cronies," and called for the elimination of federal corporate income taxes as a job creation measure....
(Excerpt) Read more at cbsnews.com ...
Sarah Palin: Hasn’t even announced she’s running, and ALREADY SETTING THE DISCUSSION!
Run Sarah Run!!
Open?
Wow, what strength!
“Open?
Wow, what strength!”
__________________________
LOL!
I think this is why Palin will decide she “has to run.” Don’t get me wrong, I really like Michele Bachman (and would vote for her), but we need somebody like Palin who isn’t just “open” to these ideas, but is setting the agenda.
Is Bachmann really this stupid? Revenues to the "economy"?
Or perhaps a Freudian slip...from her perspective the government IS the economy.
Bachmann lost me when she looked at Obama’s fake BC and said “well, I guess, that settles it.”
That makes no sense! Perry? He is the very type of person Sarah was bashing when talking about crony capitalism. Bachmann? While she is saying the right things, she has no executive experience ( something Sarah said one must have for her to endorse) everybody else is blah -blah (Cain is solid), the others are establishments like Mitt and Huntsman which like corporate welfare.
Sarah ain’t endorsing anybody but herself
Campaign slogan: I am open to new ideas. Got any?
As a start, they could exempt from taxation dividends paid to American entities, and stop the double taxation of dividends (once to the corporation, then again as income to the recipients)
Eliminate corporate income (c and s corps) and capital gains taxes to make ourselves more competitive.
Flat tax for personal income. We could phase-in with Fred Thompson’s plan as an optional thing with two levels and ultimately go to one.
At the same time find a way - such as a national sales tax - to broaden the tax base by spreading the burden onto imported goods and services - giving all an equal burden.
Domestic production and sales should have an equal if not favored tax position. Thinking primarily about oil drilling and sales.
I’ve been advocating elimination of corporate taxes for years. It’s a key component of the Fair Tax.
Good catch. When a politician thinks government coffers is “the economy,” it’s time to take a closer look at that politician’s views.
I’d like to see Bachmann expand on these ideas and offer a firmer position. She has the smarts to be a real leader on taxes among the Republican candidates.
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