ushanka.us: Bachmann

Sunday, June 12, 2011

Bachmann

WSJ's Stephen Moore interviews Michelle Bachmann.

'On the Beach, I Bring von Mises': The tea party favorite on her start in politics, where she learned her economics, and why she disagrees with Reagan on the War Powers Resolution.

Things that jumped out at us:

[TARP]
"During a recent hearing I asked Secretary [Timothy] Geithner three times where the constitution authorized the Treasury's actions, and his response was, 'Well, Congress passed the law.'"
---
[Auto Bailouts]
We essentially watched over 100 years of bankruptcy law thrown out the window and President Obama eviscerated the private property interests of the secured creditors. He called them 'greedy' for enforcing their own legal rights."
---
[Libya]
...she joined 86 other House Republicans last week in voting for the resolution sponsored by antiwar Democrat Dennis Kucinich to stop U.S. military action in Libya within 15 days.
---
Family and Education]
She's a mother of five, and she and her husband helped raise 23 teenage foster children in their home, as many as four at a time. They succeeded in getting all 23 through high school and later founded a charter school.
---
[Sarah Palin]
About Ms. Palin the congresswoman shrugs, "People want to see a mud-wrestling fight. They won't get it from me because I like Sarah Palin and I respect her."
---
[Taxes]
"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."

The 3.8 million-word U.S. tax code may be irreparable, she says, a view she's held since working as a tax attorney at the IRS 20 years ago. "I love the FAIR tax. If we were starting over from scratch, I would favor a national sales 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."
---
[Spending]
Ms. Bachmann also voted for the Republican Study Committee budget that cuts deeper and faster than even Mr. Ryan would. "We do have an obligation with Social Security and Medicare, and we have to recognize that" for those who are already retired, she says. But after that, it's Katy bar the door: "Everything else is expendable to bring spending down," and she'd ax "whole departments" including the Department of Education.

We've updated our list of Qualified/Disqualified GOP'ers. Rep. Bachmann is the second to qualify for our primary vote.

Labels: Tax

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