Should everyone being paying taxes, regardless of how little money they have?† That’s Congresswoman Michele Bachmann’s economic plan, as she declares that if she becomes president, she will eliminate the Earned Income Tax Credit that keeps so many low income Americans afloat financially.
Via Think Progress, Bachmann stated on a Fox interview, “[T]his is where I deviate from Reagan, he instituted the Earned Income Tax Credit, itís known as the EITC, and that effectively took many many Americans out of even having to pay any tax liability at all. I would do away with the EITC and if a person has $3 in income they would be subject to something. Obviously, no one has $3 in income. But they would have to pay something through that system.”
Yes, even three dollars of income deserves to have some portion of it taken away, according to Bachmann.† Yet this is the same woman who once declared that the American tax code is the same sort of “death and taking away” as the extermination of the Jews during the Holocaust.† She’s even said she was open to the idea of eliminating corporate taxes all together.
So, just so we are clear, if you earn just three dollars a year, you should pay taxes.† If you are a company with billions in annual profits, you should not.