Bachmann packages jobs plan ahead of economic debate

"My solutions are simple. We need to cut government spending, legalize America's God-given natural resources, and stop taxing investment and productivity," Bachmann said in announcing the plan.

Bachmann's eleven points range from the incredibly specific to the ambiguous and vague. She advocates cutting the tax rate to zero when investment dollars are brought back to the United States, through the end of the year. She argues government-sponsored mortgage backers Fannie Mae and Freddie Mac should be phased out, and that the Death Tax should be done away with. She repeats her calls for the Affordable Care Act and the Dodd-Frank act to be repealed.

On other points, Bachmann offers little in the way of details that could be used to crunch the numbers on what her plan would mean. On promoting innovation, Bachmann talks up the importance of fostering innovation to maintaining U.S. leadership of the world economic system.

"The future of the American economy lies with the innovation of this and future generations," she writes, without explaining how that would be accomplished.

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Jobs and the economy will be the major topic of conversation Tuesday when Bloomberg and The Washington Post host a debate in New Hampshire for Bachmann and other GOP candidates.

Herman Cain, who has surged in the polls to eclipse Rick Perry and approach Mitt Romney at the top of the field, will drill his 9-9-9 plan to reform and simplify the tax code. Rick Perry has a long record as governor of Texas to point to for examples of his approach to fiscal policy. And Rick Santorum unveiled a 0-0-0 plan on Friday that shares multiple elements with Bachmann's plan.

Bachmann's approach to economic policy has been grounded in her efforts in the House to repeal regulations and policies put in place under President Obama, which she asserts will clear obstacles to economic growth.

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