Minnesota Congresswoman Michele Bachmann was on Face the Nation this weekend discussing her recent slip in the polls and where she stands heading into the numerous debates this month. Here is the entire interview with Bob Schieffer.
Report from CBS News:
Republican presidential candidate Michele Bachmann offered muted support Sunday for Sarah Palin’s recent call to eliminate all corporate taxes, noting that she’s “open” to the idea of cutting corporate tax rates to zero percent – but not calling for it outright.
The Minnesota Congresswoman, appearing on CBS’ “Face the Nation” Sunday, said “we could go that route” on corporate tax rates, but she noted that “we’d have to have a fundamental restructuring of the tax code” first if taxes paid by companies were to be eliminated altogether.
“What we would have to do then is re-jigger other elements to define revenue and what revenues would be needed to the economy,” Bachmann told CBS’ Bob Schieffer. “We certainly could get down to a zero percent corporate tax rate.”
Palin, speaking at a Tea Party rally in Indianola, Iowa on Saturday, blasted President Obama’s relationship with “corporate cronies,” and called for the elimination of federal corporate income taxes as a job creation measure.
Bachmann said she was open to having a debate on Palin’s plan. She declined to support such a move outright, however, and said that the first thing she would do if she were president would be to repatriate profits U.S. corporations earned overseas.
Bachmann will need to sure up her base and begin bringing back supporters lost to Rick Perry when he entered the race. The next few debates will be crucial for filtering out the top candidates.