U.S. Senate Select Committee on Intelligence Vice Chairman Marco Rubio (R-FL) delivered closing remarks at a hearing on foreign threats to the 2024 elections. “I just know that this is going to get far more complex, and I predict it won't just be about elections, it...
U.S. Senate Select Committee on Intelligence Vice Chairman Marco Rubio (R-FL) questioned Director of National Intelligence Avril Haines at a hearing on foreign threats to the 2024 elections. Witnesses: Avril Haines, Director of National Intelligence Click here...
U.S. Senate Select Committee on Intelligence Vice Chairman Marco Rubio (R-FL) delivered opening remarks at a hearing on foreign threats to the 2024 elections. “I think in the years to come, we’re going to see more and more nation-states and maybe non-state actors...
It’s in our national security interest to stand by democratic allies in our hemisphere. Today, Paraguay and the United States continue to advance the security, stability, and economic prosperity in our region. U.S. Senators Marco Rubio (R-FL), Ben Cardin (D-MD), and...
Es de interés para nuestra seguridad nacional mantener una postura firme junto a nuestros aliados democráticos en nuestro hemisferio. Hoy, EE.UU. y Paraguay siguen avanzando en temas de seguridad, al igual que sobre la estabilidad y prosperidad económica de nuestra...
President Biden is increasing tariffs on imported Chinese electric vehicles (EVs), with no comparable tariff increase on Chinese internal combustion engine vehicles. This misguided half-solution, rooted in President Biden’s radical climate agenda, ignores the true...
Washington, D.C. — Today, U.S. Senators Marco Rubio (R-FL) and Rick Scott (R-FL) introduced the Fishing Equipment Tax Relief Act, legislation that would create excise tax fairness for portable, electronically-aerated bait containers to be the same as the parts used to assemble it. The tax code currently penalizes small businesses that manufacture these bait containers by applying the 3 percent rate if the parts are sold separately, but the 10 percent tax rate if the product is sold assembled.
“Florida’s robust saltwater fishing industry is critical to our state’s economy and our residents’ way of life. This important legislation will provide meaningful relief to Florida’s fishing industry and ensure it continues to be a thriving piece of our state’s economy,” Rubio said. “Florida is the fishing capital of the world, and I take my responsibility seriously to protect our state’s environment and economy for future generations.”
Scott said, “Throughout my eight years as Governor of Florida, we turned Florida’s economy around. We cut taxes and eliminated burdensome regulations, saving Floridians more than $10 billion. I’m proud to build on those efforts by supporting the Fishing Equipment Tax Relief Act. This bill would save families more of their hard-earned money as they enjoy Florida, the fishing capital of the world.”
In Florida, saltwater recreational fishing has an $8 billion economic impact and supports over 114,000 jobs, according to the Florida Fish and Wildlife Conservation Commission.
An electronically-aerated bait container is a portable fishing bait basin that is technologically enhanced to endure being submerged in water, freezing temperatures, heavy loads, and host live bait for saltwater fishing. Reducing the excise tax for portable, electronically-aerated bait containers will provide meaningful tax relief for Florida’s robust saltwater fishing industry since this equipment is important for saltwater fishing operations.