Huffpost Politics

Michele Bachmann Tax Plan To Be Rolled Out In Iowa

Posted: Updated:
MICHELE BACHMANN TAX PLAN
Republican presidential candidate U.S. Rep. Michele Bachmann (R-MN) speaks during a forum on manufacturing November 1, 2011 at Vermeer Manufacturing in Pella, Iowa. Five of the Republican candidates, excluding Herman Cain and former Massachusetts Gov. Mitt Romney who declined to come, are slated to appear at the forum. (Photo by Steve Pope/Getty Images) | Getty Images

AMES, Iowa — Casting the Wall Street protestors as misguided, Republican presidential contender Michele Bachmann on Thursday said their frustrations should instead be directed at Washington politicians who protect their allies and put unfriendly companies out of business.

Bachmann said politicians have far too much power and unfairly pick winners and losers. The Minnesota congresswoman, trying to recapture her once surging poll numbers, said she has watched lawmakers enact laws that intentionally shut businesses down.

"For your sake and for your future, America – and Occupy Wall Street in particular – needs to wake up and stop blaming the free market, stop blaming capitalism, stop blaming job creators for the failures created by selfish politicians," Bachmann told students at Iowa State University. "The problem is politicians who wink at their political donors and through the force of law put their competitors out of business."

Bachmann used her appearance in Ames to outline an economic proposal that would require all Americans to pay taxes. The Tax Policy Center estimates that some 46 percent of households this year will not pay federal income taxes.

"They need to be invested in the country," she said. "Even if they can only afford $10, they need to pay something."

Her position was a direct challenge to rivals Rick Perry and Herman Cain, who are advocating separate flat tax plans. Cain is also promoting for a national sales tax as part of his 9-9-9 plan.

Bachmann said she would not propose an absolute flat tax, but told reporters after that she would have at most three tax brackets, which she declined define.

Polls show Bachmann trailing behind other contenders in Iowa, which holds the first presidential caucuses in January. She won an early test vote in Ames in August. But her standing slipped as the GOP electorate rallied first around Perry, who had several weak debate performances, and then Cain, who has spent the last four days trying to redirect media attention away from allegations of sexual harassment filed by at least two women during his tenure at the National Restaurant Association.

With jobs and the economy as the top issues on voters' minds, Bachmann hopes her tough talk will help her regain her footing in a state that her advisers see as a linchpin in their strategy.

Around the Web

Michele Bachmann for President | MicheleBachmann.com

10 Of The Craziest Things Michele Bachmann Has Ever Said ...

Michele Bachmann | Facebook

Michele Bachmann : Pictures, Videos, Breaking News

Bachmann to outline thoughts on economy in session with Iowa State students

Bachmann 'Out of Money and Ideas' in Iowa, Says Former Campaign Manager

In Iowa, Michele Bachmann jabs at Cain, saying GOP can't have a nominee with ...

Bachmann, Kline send letter to Senate to block gay soldiers from using ...

Bachmann Opposed to Sharia Law, Says It 'Usurps' Constitution

Bachmann Says Campaign Can Be Revived

  Obama Romney
Obama Romney
332 206
Obama leading
Obama won
Romney leading
Romney won
Popular Vote
33 out of 100 seats are up for election. 51 are needed for a majority.
Democrat leading
Democrat won
Holdover
Republican leading
Republican won
Democrats* Republicans
Current Senate 53 47
Seats gained or lost +2 -2
New Total 55 45
* Includes two independent senators expected to caucus with the Democrats: Angus King (Maine) and Sen. Bernie Sanders (Vt.).
All 435 seats are up for election. 218 are needed for a majority.
Democrat leading
Democrat won
Republican leading
Republican won
Democrats Republicans
Seats won 201 234
Click for Full Results
Register To Vote