Jun 122011

There must be a war breaking out in the land of insaniTEA, because Republicans are facing off to determine who has the most absurd tax plan.  Surging into the lead is the woman that no sanitarium would touch, because they know their limitations.  What has she been smoking? (See below. ;-)) Every Democratic candidate in America should be spreading the word about this one.

12bachmannSeveral 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.”

… [emphasis original]

Inserted from <Think Progress>

If she thinks everyone should pay something, why won’t she focus on ExxonMobil, Bank of America, General Electric, Chevron, Boeing, Valero Energy, Goldman Sachs, Citigroup, ConocoPhillips, Carnival Cruise Lines and other giant US corporations that pay no taxes?  Bachmann would make it easier for them to evade paying their fair share.  Instead she would oppress the working poor that can’t afford the state income taxes, sales taxes, excise taxes, gas taxes, etc. that they pay now.  For the millionaires, billionaires and criminal corporations, they would get the biggest tax cuts proposed to date.

Republicans do NOT represent YOU!

  17 Responses to “Bachmann Goes Batsh*t on Taxes”

  1. I don’t see anywhere that says she wants to stop her family from receiving 200k in farm subsidies but wants small farmers to pay and not get any crop protection. Again I refer you back to the comment about republicare.

  2. One would almost think these corporate shills were given huge scissors for Christmas last year with explicit instructions to cut, cut, cut.

  3. ahh yes this is yet another republicunt (sorry ladies), but she and coulter are 2 of a kind! 😡

    • Lee, I have to tale exception. If my ancient memory is accurate, that location is far too wondrous to be compared with Republicans.

  4. OMG!! This woman is delusional at best- nutty as a fruitcake—-what is most scary tho , she is being taken seriously ..when any one , or any group , can conceive of this loose screw as being a potential leader of the free world — that is truly terrifying !!

  5. What is THAT WOMAN smok’n?

  6. US workers do not pay very much Federal income tax, this is true. But add in all the other taxes they pay and they wind up as heavily taxed as any similar class in the world. Plus of course these peasants get nothing for this investment — Social Security has been traded for wars and bailouts which benefit no one but wealthy insiders.
    The freeloaders are the usual suspects — big money. And Bachmann speaks so well for this group; she would make a far better president than Obama.

    • Welcome Chris. 🙂

      I was agreeing until I came to your last sentence. Bachmann represents the big money that oppresses the poor and middle classes far more than Obama ever thought of doing. For example, she supports the Ryan plan to kill Medicare.

  7. Michele Bachmann cannot “go” batshit crazy….that’s where she starts from, so she cannot “go” there, only ever farther….whatever form of dung that would be–whale dung crazy? beaver droppings crazy? The mind boggles….

  8. Bachmann hopes to star in the first show-off Republican “debate,” but watch for tricks of Tim Pawlenty, who is stirring the Tea Pot with crafty tax and healthcare schticks.
    His $11.6 trillion tax-reduction plan, which cuts rates on income, capital gains, interest, estates and dividends, is almost three times larger than that demanded by Republicans so far. Over 36.4% of Americans would receive no benefit. Almost half the benefit would flow to taxpayers in the top 1 percent of income distribution. And the top 0.1 percent of U.S. taxpayers would save an average of $1.4 million. Now, that’s AVERAGE—some will do a lot better.
    Another advantage for the richest supporters is that T-Paw’s healthcare ideas will cut healthcare provider costs and fatten profits for healthcare insurers by unconscionably disposing of the non-profitable very sick and poor. (48,000 uninsured died last year; about the same will die this year.) Slicky-slicks recommend buying health insurance stock now—but hedge your buys until the election polls prove Pawlenty is in fact heir to the Great Persuader. (For a little sport, gamblers can buy life insurance for older people with themselves as beneficiary. This easy-to-sell and highly profitable niche is growing.)

    Compared to what would happen if the Bush tax cuts expire at the end of 2012, T-Paw’s plan would cost $11.6 trillion in foregone revenue. Some say the tax revenue loss would be only $2 trillion if his prediction of a 5 percent annual economic growth is true, but that won’t happen. Our economy hasn’t expanded by 5 percent in a single year since 1984. Indeed, T-Paw said himself: “If that 5 percent becomes 4, 3, 2 or 1 percent, we’re in deep doo-doo.” Or maybe he said “deep voodoo.” Anyway he covered that by preaching the goal is to create jobs and to do that, we need to reduce taxes on small business owners.

    Well, he’s the right guy for greedy businessmen two ways: his promise of reduced taxes will stimulate more secret contributions to Republican congressmen to block any helpful government activity until the 2012 election. And by then, millions of desperate workers will work cheap for “small business owners” like the Koch brothers, who can legally claim they’re small because of the definition Subchapter S corporations give their companies—even though they have 70,000 employees in 60 countries that brings annual revenue of about $98 billion.

    Besides, T-Paw can persuade Tea Partiers that it’s absurd for the relatively few who brilliantly acquire enormous executive pay, capital gains, interest, dividends and luxurious estates to pay more tax as the millions of struggling workers who just want to take good care of their families.

    And Batsh*t Bachmann will help make him seem reasonable.

    • Welcome Bill. That’s quite well thought out. I did a piece on T-Paw’s budget a few days ago. Whomever Republicans choose would be fatal to America, if elected.

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