For Rep. Michele Bachmann, R-Minn., the devil is still in the details.
Bachmann stuck to her guns on Fox and Friends on Thursday morning after criticizing Herman Cain’s much-touted "9-9-9" tax plan at Tuesday night's GOP debate, while also offering up her own proposal to reinstate the Reagan tax model from the 1980s.
Bachmann, a former federal tax lawyer, argued that Cain’s plan—which would place a 9 percent flat tax on sales, income, and business—would create a new revenue stream that Congress would be free to manipulate.
“The last thing you do is create a brand new pipeline of a revenue stream for the United States Congress,” Bachmann said, referring to the sales tax. “Once you create a new tax, it will never go away.”
Although she praised low taxes in general, Bachmann said that "9-9-9" could spiral into much greater rates.
“Rather than 9-9-9 you could have 15-15-15, or 30-30-30, or 49-49-49,” she said. “That’s how Congress works. They have a revenue appetite. It’s never enough.”
Bachmann offered up her own blueprint for a “whole package” economic recovery plan. She said she will re-institute the Reagan tax model “that brought the economic miracle of the 1980s.” On Tuesday, Bachmann unveiled an 11-point jobs creation plan that includes wiping out “job killing regulations” and reducing the size of government through tax and spending cuts.
Fox and Friends also revealed that the Congresswoman had plans to meet with Donald Trump for breakfast on Thursday morning. Bachmann had nothing but praise for the media mogul who has flirted with the idea of running for president.
“He’s very bold, and I like him on a personal level,” she said. “He has a great personality.”
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