WOW! Michele Bachmann reveals the SECRET to MILLIONS of HIGH PAYING jobs! USA! USA! USA! USA! USA!

[Amerigo Vespucci]

Republican presidential candidate Michele Bachmann said Sunday that she was "open" to implementing Sarah Palin's suggestion that all corporate income taxes be abolished.

"I propose to eliminate all federal corporate income tax," Palin had said in a speech to the tea party in Iowa Saturday. "This is how we create millions of high-paying jobs... To eliminate any loss of federal revenues from this tax cut, we eliminate corporate welfare and all the loopholes, and we eliminate all the bailouts."

"We could go that route," Bachmann told CBS' Bob Schieffer Sunday. "If we went that route then we'd have to have a fundamental restructuring of the tax code. I'm open to having that debate... What we do know is that the current corporate tax rate is killing job creation."

"So you could see a way to do that?" Schieffer pressed.

http://videocafe.crooksandliars.com/david/bachmann-would-consider-0-corporate-tax-rate

[cutlassmama]

1. delusional, completely delusional.

[SharonAnn]

5. She'd get rid of the loopholes AND get rid of all the taxes? No taxes means

you don't need loopholes, which are a deduction of the taxes you would otherwise pay.

Arithmetic! She's not good at it!

[REACTIVATED IN CT]

27. Nor logic ! n/t

[indepat]

30. Lacking in understanding, reality, and critical-thinking skills but, fear not, she and hubby will

pray away the gay. Surely constituients who support her are more ignorant and gullible than she. :patriot:

[demosincebirth]

2. I hope she keep harping on that postiion

[CaliforniaPeggy]

3. She is fucking nuts.

[TwilightGardener]

4. So corporations are citizens who will soon be completely exempt from federal taxes.

Yeah, that's perfectly fair. :crazy:

[ShockediSay]

9. So they can put all their money into buying Right Wing Politicians &

Propaganda and ship as many jobs as possible overseas

[TwilightGardener]

10. Yes, maybe they'll take a little of that tax money they're saving and give a little kickback for

those who made it happen.

[Brigid]

6. Bachmann is completely divorced from reality.

Now is that, or is it not, the very definition of batshit crazy?

[FarLeftFist]

7. Yeah because these corps wouldn't just hoard even higher profits, surely they can be trusted.

It's not like they aren't holding the highest profits in 60 years or anything, yet, where are the jobs?

[spanone]

8. the stupid leading the stupid

[nadinbrzezinski]

11. So if we do not tax them they will invest?

Haven't we tried this not only for thirty years but twice before?

Oh wait this is religious faith.

[FarLeftFist]

12. Talk about Fascism.

[lumpy]

13. I wonder where Palin and Bachmann get their scewy ideas.

Someone, who is just as cracked as they are, is giving them some very strange advice. People in Palin's audience actually applauded the idea. Disheartening to think we have truly become a nation of babbling idiots. Not too long ago if anyone had come up with such an idea they would have been calling for the straight jackets. What have people of this nation become, basket cases?

[demwing]

14. wait wait wait - eliminate the loopholes?

what loopholes? - You just eliminated the TAXES you dimwitted fuck!

Can someone please give this lump of negative IQ a map link to find a damn clue?

http://www.maplandia.com/poland/lodzkie/opoczno/klew/

[99th_Monkey]

15. But WAIT! I thought corporations were "people" under the law?

oh that's right, that's only when it benefits them, no so much otherwise.

never mind.

[jmowreader]

16. Now let me get this straight...

General Electric paid negative taxes last year--they received what, $175 million in tax rebates because of all the refundable credits they use?--and "had" to move a division to China to save money.

According to the Bachmann/Palin Scheme, the way to stimulate job growth is to eliminate corporate taxation in exchange for elimination of these refundable credits.

So...the way to get GE to create jobs in America is to raise their taxes by $175 million.

I think I understand: The newest edition of the Diagnostic and Statistical Manual of Mental Illness is going to have a new condition, "Bachmannism," because they can't print "batshit insanity."

[hfojvt]

17. Schieffer pressed?

I'd like to see a follow-up question asking her to explain how the current corporate tax rate is killing job creation.

Also, maybe ask her, "Didn't we have the same corporate tax rates in 1997 and 1998 when over 3 million jobs were created each year? If corporate tax rates are killing job creation, then why didn't they do so in those Clinton years? Was it because George W. Bush raised taxes on corporations that we lost 4 million jobs in his last year in office?"

[hfojvt]

18. here's another funny little factoid

Federal revenues from corporate taxes (in billions of current dollars)

2006 - 353.9
2007 - 370.2
2008 - 304.3
2009 - 138.2
2010 - 156.7 (estimate)

My first assumption was that the taxes went down because corporate profits were down because of the recession, but I was wrong on that.

It turns out that there were tax acts passed in 2008, 2009 and 2010 by Democratic controlled congresses that actually cut corporate taxes. As detailed here http://www.bea.gov/national/#corporate

Well, I was going to say something about that, but I am not clear what the numbers mean as far as annual rates.

[quaker bill]

21. As if corporations were paying taxes...

Now if corporations were actually paying taxes, and because of the high tax rates they had little profits to reinvest, in such a fantasy world, taxes might stifle job creation.

Times like now, when corporations are very profitable, paying very little taxes on those profits, and sitting on literally trillions of dollars and not using these funds to create jobs, this entire notion is insane. Giving these entities more money when they aren't using the money they already have is pointless. They are sitting on trillions. If you reduce the tax rate on corporations to zero they will be sitting on trillions plus 0.156 trillion more. If 2.5 trillion is not enough for them to create jobs, why does Ms. Bachman believe 2.6 trillion will be?

[southmost]

19. bold faced stupidity

[HughBeaumont]

20. rally2Xs and Joe the Not A Plumber explain how it can be done!!!

http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=389&topic_id=5860668

This thread was comedy gold. Fantasyland economics crashes and burns as spectacularly as a Somalian night.

[Brigid]

29. I skimmed thrrough that thread.

OMG, what a hoot! HughBeaumont's rant debunking the "punishing success" meme, though, should be considered a DU classic.

[HughBeaumont]

31. That Idiotarian never came back after that debacle.

He just wouldn't STOP either.

Really wasn't a libertarian, just a bad Republican laissez-fail advocate accusing us of "class warfare". :eyes: And as usual, DU owns and destroys the Reagan-loving lamers. Keep 'em coming, freep creeps. We'll all be happy to expose you Randian jokers for the bastard defenders of the rich you are. :)

[formercia]

22. I like that 'Natural' look.

She must have lost 20 Kilos in the process. :rofl:


She is even uglier than her rhetoric.

[B Calm]

23. the current corporate tax rate is killing job creation, LOL

[baldguy]

24. Why not confiscate the property of everyone below the poverty line & give it to the Fortune 500?

Take from the poor & give...er, SUBSIDIZE...um, JOB CREATION (yeah, that's it!) for the rich.

Call it the Dennis Moore proposal.

[Vinca]

25. It would certainly create more jobs - in China, India, Honduras, Mexico . . .

What a stupid, stupid woman.

[marmar]

26. You know you're a loser when you're endorsing policy from the Wasilla Wolf Killa

[madmom]

28. Wait ..what? if you eliminate federal taxes THERE WILL BE NO LOOPHOLES to close! WOW, just wow.

[lpbk2713]

32. Trying to win Limbaugh's favor.

She knows if OxyRush says a few good words in her favor it will be worth a few votes.

[Buns_of_Fire]

33. Maaaaa! She's looking at me again! Make her stop! nt

[BlueIdaho]

34. If we have learned anything...

We have learned that major corporations are not interested in creating American jobs. Decades of reduced tax rates has only sped up their march to overseas corporate offices and factories.

[B Calm]

35. I got news for Michele Bachmann, the only thing killing job creation is DEMAND