Michele Bachmann Would Consider Lowering Minimum Wage To Match Cost Of Overseas Labor
Republican presidential candidate Michele Bachmann said Friday she wouldn’t rule out changes to the federal minimum wage as a way to lower the cost of doing business and lure corporations back to the United States.
The Minnesota congresswoman told supporters at a packed sandwich shop that the corporate income tax needs to be reduced because companies are moving to other countries to save money. She was later asked by a reporter whether changes to the minimum wage should also be considered to balance the cost of labor here and overseas.
“I’m not married to anything. I’m not saying that’s where I’m going to go,” she said.
She did say she wants to look at all aspects of doing business, from regulations to tax codes, and will consider anything that will help create jobs. The federal minimum wage is $7.25 an hour.
