Rubio: Tax Cuts ‘Probably Went Too Far for Businesses’

Senator Marco Rubio made a fuss about the GOP tax bill, and actually refused to sign it until they amended the child tax credit.

The GOP did expand the child tax credit to ensure his vote. Rubio appeared pleased with the change and climbed aboard.

However, now that the bill of historic tax cuts is passed, he is complaining again. He says that he believes the bill “went too far” and gave corporate businesses too much of a break.

Rubio said, “If I were king for a day, this tax bill would have looked different. I thought we probably went too far on (helping) corporations.”

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“You’re going to see a lot of these multinationals buy back shares to drive up the price,” he added.

“Some of them will be forced, because they’re sitting on historic levels of cash, to pay out dividends to shareholders,” Rubio continued, “That isn’t going to create dramatic economic growth.”

IJR reports: 

While the Florida senator was critical of some aspects of the bill, ultimately Rubio believes the American people will come to support it, especially considering Republicans’ stance that the bill will put more money in working citizen’s pockets — even though currently over 60 percent of Americans oppose the bill.

“If I’m against the tax bill because I don’t think it’ll actually cut my taxes and I get my first paycheck in February and it has $200 in there that didn’t used to be there, I’m going to notice that,” Rubio added, “By the time we get to November of next year, their opinion about the tax bill is not going to be based on media coverage. It’s going to be based on what their paycheck is telling them.”

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