Bachmann: Obama ‘flat out lied’ over tax cuts for the wealthy

Who is Michele Bachmann fighting for?

Is Rep. Michele Bachmann only protecting her self interests? Her personal income alone, before any farm subsidies, is close to if not exceeding $250,000 . That would put her in the TOP and furthest from most average Americans incomes. Which have continually declined over this same period of time.
From: Michelle Bachmann: Welfare Queen – by Yasha Levine
December 22nd, 2009 ·
http://www.burnetcountydemocrats.org/?p=1766

“Bachmann’s financial disclosure forms indicate that her personal stake in the family farm is worth up to $250,000. They also show that she has been earning income from the farm business, and that the income grew in just a few years from $2,000 to as much as $50,000 for 2008. This has provided her with a second government-subsidized income to go with her job as a government-paid congresswoman who makes $174,000 per year (in addition to having top-notch government medical benefits). “If she has an interest in a farm getting federal subsidy payments, she is benefiting from them,” Sandra Schubert, director of government affairs for the Environmental Working Group, told Gannett News Service in 2007, when the subsidies to Bachmann were first publicly disclosed.”

So who is Michelle Bachmann standing up for?

EdE

Bachmann, you make my head spin with your convoluted thinking and attempts at speech.

I heard President Obama’s media address mentioned above and was pleased beyond words at what he said, his tone and the fact he simply laid out the truth. Yes, tax cuts for the wealthy ARE the Holy Grail of the Republican Party. We’ve known that all along. We’ve also known they would hold everyone else hostage until they got it. Period.

I hope to God, he continues to be as blunt as he was in that speech.

It is almost beyond belief how Bachmann be so ignorant and be elected to the House of Representatives.

It is nonsensical for Bachmann to say that a reduction in the payroll tax, “will actually have a cost towards increasing the deficit,” but then say that it’s curious to her, “that they say there’s a cost involved when people are allowed to keep their own money.” A decrease in the payroll tax allows people to keep their own money in the same way that a decrease in the income tax does.

Then again, Bachmann has no idea what the U.S. Tax Code actually is. She went on Good Morning America and said, “These are people who are carpet layers who maybe employ two or three other guys. Or a plumber maybe himself and his brother and it’s $250,000 in gross sales for the business.* They’re the ones that are looking at massive tax increases,”

In actuality, a plumber or carpet layer that has $250,000 in gross sales would only pay income taxes on the amount that remains after deducting all expenses including the salaries for the two or three other guys. As a result, the individual in the Bachmann example would not have received a massive tax increase or even a small tax increase. In the Obama tax plan, the individual would pay less taxes than he would under the tax rates that are scheduled to take effect in 2011.

According to the compromise tax plan, assuming that the plumber or carpet layer had net income after expenses of $106,800 or more, the decrease in the payroll tax will be able to keep $2,136 more in his pocket than he otherwise would have.

Minnesota, please come to your senses and relieve us of this nightmare that is Michelle Bachmann.

The reason she is pleased about the payroll tax reduction: It plays into their argument about Social Security being the drain on the economy, and it will be difficult to restore it later.
“ Once something comes in, it’s very difficult to change it,” said Sen. George Voinovich (R-Ohio.) He then volunteered, without prompting, that “It would be detrimental to the Social Security system, especially when it’s in bad shape.”

This alone is a reason to not accept the “compromise”. The end game losses are enormous.

She is the liar – LIAR LIAR LIAR. She’s been lying since she first tried for elective office. She is everything she accuses her opponents of being. If she looked like Sharon Angle, she might not be in office.

Mostly because of her….I don’t know how my neighbors vote for her…It takes maybe a 3rd grade education to see through her crap. Also, how come no one holds her accountable…If normal people lied to their customers (like she does us) we would be fired on the spot.

Michele Bahmann is the female Elmer Gantry. She is as slick as any Snake Oil Salesman in how she has convinced the voters of the 6th CD that she is fighting for them in Washington.

I find that funny and sad being that the 6th CD ranks #1 in Minnesota in Unemployment, Home Forclosures, low Business Growth, as wel as residents without Health Insurance. Any way to help these people, Bachmann has voted NO.

Figure out the rest for yourselves.

If you statist knuckleheads hate free enterprise and capitalism so much why don’t you move to almost anywhere else in the world rather than spew your nonsense. Oh, almost forgot… you want everyone to be as angry and miserable as you are. Too bad for you.

There are two opposing views here. Bachmann has a Supply-Side view of economic growth, and the opposing side is a Demand-Side view of economics. All the commenters here should take a class or read a book and try to understand the two viewpoints….and quit the lame “reality-TV-like” attacks!

An income tax cut across-the-board (as is the Obama compromise) would serve both viewpoints. But, FICA is a specific tax to fund a specific program (Social Security), thus in theory…..adding to the deficit if cut. That is all that Bachmann is saying.

Nice of the “Independent” to leave out of Obama’s speech the part about comparing Republicans to terrorists. It was headlined on Drudge the same day. Even John Stewart pointed it out. The transcript of Levin’s show reveals that was the main point of discussion to which the Representative was responding to. And that folks, is how Drunk Dayton can get elected twice in the state of Delusion.

Peacenic

Take a bit of time to educate yourself. You’ll be amazed at what you learn if your brain isn’t completely dead at this point. You’ve obviously been eating up the garbage Bachmann and her kind have been feeding you, so maybe it’s too late for you. Not for the rest of us Thank God!

Peacenic

Your post just highlights the ignorance you and crazy pants Bachmann represent. To understand her one who just have to read your idiotic posts….In no way shape or form do any of these post suggest any of us are anti free enterprise, you just pulled it out of thin air, kind of like your hero did when she accused Obama of spending however many billion a day on a trip.

I would also have to assume you take home more than $250,000 as your BFF Bachmann voted for tax cuts for you…but against them if you make less than $250,000

We could do this all day, she’s an idiot, it’s not very difficult… she cares nothing about you, me, the rest of the 6th (good post by LadyKofOlmsted)…..you’ll come to realize this if you loose your health insurance, job or plan on getting some form of social security someday.

Coming from Bachmann, it means absolutely nothing.

Across the board tax cuts result in a net loss for the middle class. The larger increase in the income of the wealthy pushes up their purchasing power, but though dollars go up the purchasing power of the middle class declines. Nothing redistributes wealth upward better than a text cut that is the same for the rich as the middle class. That process is the major contributor of the increasing disparity of wealth in this country (which started from a bad point and has gotten much worse). Also, the middle class is more dependent on the government services that get cut to pay for tax cuts. Americans couldn’t be more ignorant and misguided about tax cuts, and the Republicans exploit that ignorance to the detriment of the country in pursuit of their own greed.

Bachmann doesn’t know the meaning of the expression: “People who live in glass houses shouldn’t throw stones.” Aside from the fact she has no clue what she’s talking about. The mouth is in motion, the brain, such as it is, not engaged.

First of all, everybody thus far that has made a derogatory comment on here about Michele Bachman proves their utter ignorance. It’s amazing how many people are out there these days spouting all these declarations (and with confidence too mind you) about this person or that and have nothing substantial with which to support it.

Michele Bachman is not crazy my friend. She is exactly right! Republicans have never opposed tax cuts and tax credits for the middle class. If you still don’t agree with that, you are too stupid to go any further in this debate. The Bush tax cuts were for everybody. What about that do you hard-core liberals not understand? I am not a rich person by any stretch of the imagination but I certainly have benefited from those cuts. So will you please shut up with your constant demagoguery and pitifully shallow arguments.

Republicans are for the continuation of all tax cuts across the board. It’s not about trying to make the rich richer. It has to do with how economics works. The more of their own money these businesses are able to keep, the more they are going to be apt to hire, invest, and make plans for their future. By the way, this was JFK’s philosophy about economics too.

Haven’t any of you wondered why the national unemployment rate is still 9.5%? It’s because congress has failed to do anything in regards to the Bush tax cuts. Businesses are waiting on them. When congress votes to continue the across-the-board cuts, you will see things begin to change. The economy will pick up and the unemployment rate will begin to drop. It’s not that difficult, seriously.

Quit thinking like a child who because he might not have what everybody else has, thinks everybody (and in this case the system) has got it in for him. The fact is there are a lot of things that don’t seem fair in life, but that’s just the way things are. We can only do the best we can do in our own respective set of life circumstances; nothing more.