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 ...
Marco has a lot of socialist blood in his roots.
As long as Congress critters aren't cutting entire programs, agencies, and departments along with ending the government employees union BS they're just pissing in the wind.
Rubio and his ilk are dedicated to the same old "them against us" trash the democrat machine has relied on generations.
The fact of the matter is, Corporations didn't get "too much", it's just that working folks got too little because the RINOs in charge of Congress don't have any intention of actually reducing the size of government.
Therefore, "revenue neutral", rather than something that actually starts to reign in the bloated, wasteful, overreaching, corrupt, putrid, Federal government RINOs have helped build.
JMHo
Is there ANYONE who isn’t glad this maroon isn’t president? Except Sean Hannity of course.
This alone means I’d never vote for him.
... and he still wonders why he couldn’t win the primary. What a different world we now have with Trump!
Foam partee boi is a RINO supreme! ...
My opinion also. Happy New Year.
And a Happy New Year to you!
Never have heard Rushbo retract that ludicrous claim.
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