4/30/2018

MARCO RUBIO/TAXES/TRUMP AS PRESIDENT: “Republican U.S. Senator Marco Rubio, in a move that may undercut his party’s message about the recent tax overhaul ahead of the 2018 midterm elections, told the Economist magazine there is ‘no evidence whatsoever’ the law significantly helped American workers…The tax overhaul, which sailed through the Republican-controlled U.S. Congress in December without Democratic support, permanently cut the top corporate rate to 21 percent from 35 percent. Tax cuts for individuals, however, are temporary and expire after 2025. Republicans, including President Donald Trump, have said their tax overhaul will lead to more take-home pay for workers and have touted the bonuses some workers received from their employers as evidence the law is working. Rubio voted for the proposal even though he had lobbied party leaders for a larger child tax credit. Rubio’s staff did not deny he made the statement.”

Amanda Becker, “Senator Rubio says U.S. workers get little benefit from tax reform: report,” Reuters, April 30, 2018 1:45 pm