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Michele Bachmann wants a bailout for the rest of us: a two-month tax holiday

Latest proposal from Minnesota’s 6th District Rep. Michele Bachmann: a two-month tax holiday for Americans.

She’s co-sponsoring legislation to that effect, and says:

“In this sagging economy, our nation’s taxpayers are really hurting. And, this year’s marathon of bailouts hurts them more than ever. I come here today to support the Tax Holiday legislation because it’s time that Washington bail out Americans, not bury them with extraordinary debt.

“Since coming to Congress, I’ve seen every corporate and organizational Tom, Dick and Harry hold out their tin cups, begging for billions from America’s taxpayers. At some point, we must take a stand and give our taxpayers a break from handouts and bailouts.  Supporting this legislation is supporting the hardworking men and women who sent us to Washington.”

Her office says:

“H.R. 7309 would convert the remaining $350 billion of Treasury Secretary Hank Paulson’s bailout funds into an income and FICA tax holiday for January and February of next year.  This legislation would provide taxpayers with the freedom to use their hard-earned money as they wish.  Rather than being forced to bail out Wall Street for its bad decision-making, taxpayers would be able to pay bills, save for their children’s future, decrease their debt or make purchases of their choosing.”

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Comments (2)

  1. Submitted by Mac Riddel on 12/11/2008 - 09:14 am.

    Michelle Bachmann needs to stop talking. It’s embarrassing enough that some of my fellow Minnesotan’s voted her in for a 2nd term, but it becomes even more embarrassing when she opens her mouth and strange words come out.

    This “tax-holiday” will force families to spend, spend, spend in order to save anything. If that money is to be given back to taxpayers, it should be in the form of another stimulus check.

    Even better, it should not be used at all as our country is in enough debt as-is.

  2. Submitted by Tom Poe on 12/12/2008 - 10:21 am.

    Sounds like Bachmann thinks a two month tax holiday would equate to a $350 billion bailout for taxpayers. At the end of two months, what would taxpayers get in return? Bridges? Roads? Jobs? Education? Healthcare? Food? Moratorium on foreclosures? Wind power and solar power? 21st century telecommunications?

    Maybe Bachmann is as stupid as those who voted her to another term.

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