Analysis Shows Rubio Tax Plan Would Add Trillions In Debt

Analysis Shows Rubio Tax Plan Would Add Trillions In Debt

Sen. Marco Rubio (Photo by DarKen Photography)

A new analysis shows that GOP Presidential hopeful Marco Rubio’s tax plan would add nearly $7 trillion to the nation’s debt.

According to Politico:

“Republican presidential candidate Marco Rubio‚Äôs tax reform plan would add at least $6.8 trillion to the deficit, according to a new analysis, with the wealthiest reaping the biggest gains.

Though Rubio has touted his proposal as middle-class friendly, and he skimps on the cuts in marginal tax rates long favored by Republicans, the Tax Policy Center said today that his plan would nevertheless favor the rich thanks to his proposed cuts in capital gains and dividend taxes.

The very top .1 percent of earners, with incomes of at least $3.7 million, would see an average tax cut of more than $900,000. That would amount to a 13.6 percent increase in their after-tax income, the tax analysts said.

Those in the middle of the income distribution would see an average tax cut of $1,400 or 2.5 percent, while the poorest would see their taxes go down by $250, boosting their incomes by 1.9 percent, according to its analysis.”

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5 COMMENTS

  1. You can bet your ‘sweet bippy’..Art Laffer had NOTHING to do with RUBIO’S tax Plan..Art, President Reagan, Newt Gingrich, Jack Kemp & Tip Oneal working TOGETHER led the ECONOMIC POSITIVE RESURGENCE with their tax plan.

  2. RUBIO SHOULD BE A DEMOCRAT FOR SURE! PLEASE DO NOT VOTE FOR THIS TRAITOR TO US “CITIZENS!” THIS ANCHOR BABY IS FOR AMNESTY AND WILL NEVER STOP TILL HE GETS IT! STUPID VOTERS!! THIS IS HOW WE GOT OBAMA!! DO YOU HOMEWORK! The only one we can trust, is the one Washington Establishment & Media does NOT want and continues to lie about. TED CRUZ IS THE BEST CANDIDATE IN DECADES TO RUN FOR PRESIDENT! This man stopped Amnesty in 2013 by stopping Rubio’s “Gang of 8!” TRUMP EVEN CALLED CRUZ “BRILLIANT” IN 2014! Cruz fought the Supreme Court in Texas and won, saving the “Ten Commandments” statue at the State Capital! CRUZ “IS” “WE THE PEOPLE.”

  3. RUBIO IS A DEMOCRAT AND SHOULD REGISTER AS ONE. HE IS AN ANCHOR BABY AND WILL CONTINUE TO FIGHT FOR AMNESTY & OPEN BORDERS. WAKE UP VOTERS. THIS KID IS ONE SLICK WILLIE, LIES THRU HIS TEETH AND SUCKS VOTERS IN LIKE OBAMA IN 2008. “WE THE PEOPLE” DO NOT WANT RUBIO BECAUSE HE IS FOR “WE THE ILLEGALS”

    IF YOU ‘REALLY WANT “YOUR” AMERICA BACK the ONLY one we can put our trust in is TED CRUZ. HE HAS BEEN FIGHTING FOR “US” FOR 3 YEARS IN THE SENATE. He has been fighting the Establishment and they don’t like him. He and Jeff Sessions led the fight to stop Rubio’s “Gang of 8” and STOP AMNESTY IN 2013. Cruz memorized the Constitution in High School and stands with OUR CONSTITUTION 100%. Ted fought the Supreme Court and won, allowing the statue of the “10 Commandments” to remain standing at the State Capital in Texas. Ted IS “We The People”, Ted “IS” “In God We Trust” and Ted stands strong in protecting America and our Families from evil & harm!

    Anyone else elected will continue to do what Obama is doing but much worse, if that is even possible! We do not want Socialism, Communism or progressive Liberals in the White House, or our CONSTITUTION will be gone for ever! VOTE YOUR VALUES, VOTE TED CRUZ.

  4. Who did this “analysis”? I love these political hit pieces. What is Trump’s plan except to “win”. Where does this same analysis analyze Cruz’s tax plan? In elections this is typically the case. The MSM loves to go after the conservatives and make them look like hypocrites. Nothing new here.

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