I didn’t expect it to take long for the media to begin asking the Republican presidential candidates about Sarah Palin’s proposal to eliminate all corporate taxes. In fact, I talked about it on The Roderic Deane Show today, stating that I thought it would be a topic of conservation on the Sunday news shows. It didn’t take long to be proven right.
What I find interesting about Michelle Bachmann’s comments is that she just can’t quite jump onto the “no corporate taxes” bandwagon and I know why. She’s a tax attorney! Her suggestion is to slowly reduce corporate tax rates over time with the admission that they could be reduced to zero as long as there were fundamental changes to the underlying tax code.