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.
“It would be possible if we have a fundamental restructuring of the tax code,” Bachmann insisted. “But immediately what we could do is repatriation of bringing this money in from American companies that are earning the money overseas. But second, I do believe that the president at minimum should lower the corporate tax rate to 20 percent so that businesses can see that they will have a more competitive rate. We certainly could get down to a 0 percent corporate tax rate but it would mean a fundamental restructuring of the tax code.”
Later on CBS, Republican presidential candidate Jon Huntsman suggested that Palin’s idea just wasn’t realistic.
“That’s a great political bromide,” he said.
“How do you do it? How do you make the numbers work? All I’m telling you is I have been there and I have done that… I know how difficult it is to make the numbers work. You have got to find the revenue somewhere that you can reinvest back in the tax code to bring down the rate for everybody.”
Watch this video from CBS’ Face the Nation, broadcast Sept. 4, 2011.
Pompeo State Dept. homepage advocates ‘being a Christian leader’ — here’s why that’s more disturbing than it sounds
The link on the State Dept. homepage goes to a video and the text of Pompeo’s speech to the American Association of Christian Counselors in Nashville, Tennessee on October 11.
Russia denies US news report it bombed 4 Syria hospitals in 12 hours
Russia on Monday denied a US newspaper report that its warplanes bombed four hospitals in rebel-held territory in Syria over a period of 12 hours this year.
The Russian defence ministry rubbished the claim in a report by The New York Times, saying "the alleged 'evidence' provided by the NYT is not worth even the paper it was printed on".
The May strikes -- which the newspaper tied to Moscow through Russian radio recordings, plane spotter logs and accounts by witnesses -- are part of a larger pattern of medical facilities targeted by forces supporting Syrian President Bashar al-Assad in the country's devastating civil war.
Black family arrested for ‘loitering’ on their own front lawn
On October 1, a black family was standing in the front yard of their home, when police approached. They were arrested for loitering even though they were on their own property, reports KYW news.
Loitering offenses have historically been used as a way to purge people seen as undesirable, such as the homeless, from public spaces.
Now, the family is demanding answers from the Chester Township Police Department in Pennsylvania.
"It's a terrifying thing. It makes me feel as though the police can knock down your door, and drag you out of your home at anytime," Rachel Briggs told KYW. "This is an incident that made me feel like I'm a prisoner in my own home," she added. Her sons and nephew were dragged off to jail, where they spent the night while the family scrambled to make their bail.