- Jul 20, 2011
- Reaction score
- Don't harsh my zen, Jen!
Bachmann Open to a '0% Corporate Tax Rate' | Video CafeRepublican 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."