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Rep. Bachmann Announces Support For Raising Taxes … On The Poor and Middle-Class [VIDEO]

REP. MICHELE BACHMANN: If we taxed 100 percent of what everyone made who make $250,000 or more — everything they made — that would get us about six months worth of revenue.

GEORGE STEPHANOPOULOS: But every bit helps, doesn’t it?

REP. BACHMANN: Well, but it wouldn’t be enough. I think that’s what’s shocking.

We could take 100 percent of the profits of every Fortune 500 company and that would give us 40 days worth of revenue. We could also take 100 percent of everything that the billionaires in this country own, and that wouldn’t be enough to solve the problem.

So it’s really a matter of having everyone involved. Part of the problem, George, is that 47 percent of all Americans pay virtually no federal income tax, so we need to broaden the base.

This poll is mentioned.

Again, Michele Bachmann said, “Part of the problem, George, is that 47 percent of all Americans pay virtually no federal income tax, so we need to broaden the base.”