Is Rep. Michele Bachmann a boutique candidate?

Yes, she was a tax attorney. Big deal; is this some remarkable achievement? Anyways, she laid out her tax plan in an interview with the Wall Street Journal. To make this brief, she would like to repeal the capital gains tax. This would remove 23,000 from the income tax rolls, and cut their annual tax liability by an average of a half-a-million dollars. Guess who is receiving this benefit? This would eliminate all income tax liability for 23,000 individuals making a MILLION or more, and would add about 250,000 others to the rolls. Nearly all added however, would be low- and moderate-income. They would become payers because they’d lose the ability to write off losses on the sale of assets. So, she represents another politician catering to the wealthy elite by lower their tax liability. Their flawed argument is that this will actually benefit the economy. However, raising taxes on profitable firms and the rich doesn’t hurt investment and hiring, it actually helps it. What some apparently don’t understand is that deductible activity is encouraged by high tax rates–to avoid those taxes. When taxes are low, there is less incentive to invest, hire and generate deductible expenses that build wealth. Btw, I make a fine living myself and don't mind paying my taxes. Also, don't assume because I disagree with Bachmann that I am a liberal. I just recognize that we need to raise taxes on the wealthy. This is only one step toward combating our national debt, obviously we need to double down and spend less at the same time. As much as I dislike Romney, I have less problems with him than I do with Bachmann.