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Sen. Marco Rubio thinks the GOP tax plan helps corporations too much
CNBC.com ^ | December 29, 2017 | Jacob Pramuk

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 ...


TOPICS: Business/Economy; Constitution/Conservatism; Government; News/Current Events
KEYWORDS: biggovernment; biggovernmentlover; cuts; faketeaparty; gopestablishment; liberalagenda; marco; rino; rinos; rubio; tax; taxcuts
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Little Marco staying true to form in replacing John McCain as MSM and the rest of Global Establishment as the favorite RINO.
1 posted on 12/30/2017 6:12:11 AM PST by upbeat5
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To: upbeat5

Little Marco should stick with things he knows which would mean we would hear very little from him for a very, very long time.


2 posted on 12/30/2017 6:13:44 AM PST by DaveA37
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To: upbeat5

Rubio thinks?
Bawahahahahahahahaha.
Nope, he simply reads what the latest advisor poll tells him to think.
What a worthless wuss.


3 posted on 12/30/2017 6:14:04 AM PST by Da Coyote
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To: upbeat5

Rubio has never had a job....


4 posted on 12/30/2017 6:14:06 AM PST by rrrod (just an old guy with a gun in his pocke)
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To: upbeat5

Never trust a Cuban


5 posted on 12/30/2017 6:14:39 AM PST by DesertRhino (Dog is man's best friend, and moslems hate dogs. Add that up. ... we.)
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To: upbeat5

Only one deduction can be made here: Marco Rubio doesn’t have a scrotum.


6 posted on 12/30/2017 6:15:12 AM PST by Ge0ffrey
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To: upbeat5

“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.


7 posted on 12/30/2017 6:15:30 AM PST by shelterguy
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To: upbeat5

You SOB


8 posted on 12/30/2017 6:17:46 AM PST by A_Former_Democrat (Another Islamic terrorist event, and no “outrage” from the “Muslim community”. Again)
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To: upbeat5
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."

I could have told him that weeks ago.

The Moment Gary Cohn Realized His Entire Economic Policy Is A Disaster


9 posted on 12/30/2017 6:17:51 AM PST by SkyPilot ("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
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To: upbeat5

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.


10 posted on 12/30/2017 6:18:08 AM PST by Phillyred
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To: Ge0ffrey
Only one deduction can be made here

That's because the tax law eliminates or caps most of our deductions.

:^>

11 posted on 12/30/2017 6:18:47 AM PST by SkyPilot ("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
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To: upbeat5

This coming from the great mind that attacked the size of Trump’s genitals.


12 posted on 12/30/2017 6:20:13 AM PST by Vision (If you can't respect the Anthem, then it's time for you to find another home.)
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To: Phillyred
They are the ones we need to start investing again

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.

13 posted on 12/30/2017 6:20:56 AM PST by SkyPilot ("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
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To: upbeat5

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.


14 posted on 12/30/2017 6:21:53 AM PST by Lurkinanloomin (Natural Born Citizen Means Born Here of Citizen Parents-Know Islam, No Peace-No Islam, Know Peace)
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To: upbeat5

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.


15 posted on 12/30/2017 6:22:02 AM PST by grania (Deplorable and Proud of It!)
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To: upbeat5

Rubio will never regain the “Look, I’m a Conservative Latino” favor so many of us fell for when he came onto the scene.


16 posted on 12/30/2017 6:22:03 AM PST by trebb (Where in the the hell has my country gone? I think Trump may give it back...)
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To: upbeat5

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.


17 posted on 12/30/2017 6:23:48 AM PST by miss marmelstein
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To: upbeat5

Little Marco...Go Away swampy


18 posted on 12/30/2017 6:24:58 AM PST by Doogle (( USAF.68-73..8th TFW Ubon Thailand....never store a threat you should have eliminated)))
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To: upbeat5

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.


19 posted on 12/30/2017 6:25:57 AM PST by DoodleDawg
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To: upbeat5

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.


20 posted on 12/30/2017 6:25:58 AM PST by spintreebob
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