Skip to comments.Sen. Marco Rubio thinks the GOP tax plan helps corporations too much
Posted on 12/30/2017 6:12:11 AM PST by upbeat5
Sen. Marco Rubio says the GOP "probably went too far" in slashing the tax burden on corporations. The Florida Republican told the News-Press of Fort Myers that corporations will largely use their major tax cut to buy back shares or increase dividends to shareholders which "isn't going to create dramatic economic growth." "If I were king for a day, this tax bill would have looked different. I thought we probably went too far on (helping) corporations," Rubio told the newspaper in the interview published Friday. "By and large, you're going to see a lot of these multinationals buy back shares to drive up the price. Some of them will be forced, because they're sitting on historic levels of cash, to pay out dividends to shareholders."
"That isn't going to create dramatic economic growth. (But) there's a lot of things in the bill that I have supported for a long time (such as) doubling the Child Tax Credit. And it is better significantly better than the current code," he continued. The tax plan that President Donald Trump signed into law last week permanently chops the corporate tax to 21 percent from 35 percent. Republicans say the change which starts Monday will drive domestic investment, boost wages and fuel economic growth over time.
(Excerpt) Read more at cnbc.com ...
Little Marco should stick with things he knows which would mean we would hear very little from him for a very, very long time.
Nope, he simply reads what the latest advisor poll tells him to think.
What a worthless wuss.
Rubio has never had a job....
Never trust a Cuban
Only one deduction can be made here: Marco Rubio doesn’t have a scrotum.
“If I were king for a day, this tax bill would have looked different. I thought we probably went too far on (helping) corporations,”
Spoken like a true king. Now go back to your foam parties, little boy. The grownups are in charge now.
I could have told him that weeks ago.
Why can no one articulate besides Trump why economic growth must start with the PRODUCER? YES, they’re RICH! We know that. They are the ones we need to start investing again...growing the money and jobs! This isn’t really difficult to ubderstand. There is no concept of economic growth on the left. The lefty “slicing of the pie” metaphor has done so much brain damage to this nation.
That's because the tax law eliminates or caps most of our deductions.
This coming from the great mind that attacked the size of Trump’s genitals.
What do you mean by "investing"?
If it is stock buy backs (which many firms have indicated they will do now that the law has passed), that is not the same as building new factories or increasing stagnant wages.
Bubble Boy should be happy that he kept the Treasury checks going to illegal aliens.
Florida, please remove this Amnesty Senator from office before he gives away the country.
I don’t understand why EVerify being the law of the land hasn’t been passed yet. That would help restore the supply and demand curve for labor.
Rubio will never regain the “Look, I’m a Conservative Latino” favor so many of us fell for when he came onto the scene.
Who does he think makes most of the hires around here?? Corporations provide good, solid jobs, often with excellent benefits. Small businesses are fine but they often pay lousy and have absolutely no bennies.
Little Marco...Go Away swampy
So he bad mouths the tax plan from one end to the other and still voted for it? Sounds like someone has just announced his candidacy for the 2020 election.
3 positions on money.
1. It is the government’s money and the government is so nice to allow you to receive some if the government’s money.
2. It is MY MONEY. It is not the government’s money.
3. It is your money. But the government is going to tell you what to do with that money. How much to save, how much to spend. And what to spend it on.