This year marks the first anniversary of the October 7, 2023 terrorist attacks against Israel. 32 Americans died in those attacks, and four of the Americans taken hostage that day remain in captivity. U.S. Senator Marco Rubio (R-FL) released a video remembering the...
Following Hurricane Helene’s catastrophic damage throughout Florida’s gulf coast, U.S. Senator Marco Rubio (R-FL) met with the Florida Farm Bureau as well as local agricultural producers, farmers, and growers to discuss the storm’s impact. Photos are courtesy of...
Following Hurricane Helene’s catastrophic damage throughout Florida’s Gulf Coast, U.S. Senator Marco Rubio (R-FL) met with local officials and volunteers from the barrier islands to discuss the storm’s impact and current recovery efforts. Photos are courtesy of...
Hurricane Helene made landfall as a Category 4 storm, causing catastrophic damage along Florida’s Gulf Coast. It’s crucial for the federal government to expedite state-requested resources and authorize key policy flexibilities in order for Floridians to make a swift...
U.S. Senator Marco Rubio’s (R-FL) office will host two in-person events to assist constituents affected by Hurricane Helene and help navigate applications for FEMA assistance. Food, water, and additional resources will be available at the events. Event...
U.S. Senator Marco Rubio’s (R-FL) office will host in-person and virtual Mobile Office Hours next week to assist constituents with federal casework issues in their respective local communities. These office hours offer constituents who do not live close to one of...
The Democrats’ Child “Tax Credit” Is Nothing of the Kind
U.S. Senator Marco Rubio (R-FL)
August 1, 2024
…[T]he Democrats’ child “tax credit” proposed in the cheerfully titled Tax Relief for American Families and Workers Act…isn’t a tax credit and doesn’t offer relief for working families….
In 2017, Senator Mike Lee (R-UT) and I fought against our own party to double the existing child tax credit from $1,000 to $2,000…. Since then, however, runaway spending by the Biden-Harris Administration has slashed roughly 20 percent of the value of $2,000, which means the average family’s taxes have effectively increased. The Tax Relief for American Families and Workers Act would lock that increase into law—hardly a good deal for parents struggling to get by….
[Moreover, a] tax credit, by definition, is “a provision that reduces a taxpayer’s final tax bill, dollar-for-dollar”…. The Democrats’ proposal, in contrast, would allow families to receive government payments based on their previous year’s tax filings (the “look back” option) and phase in additional payments at rates that far exceed their tax liability….
Pointing this out isn’t just semantics—it’s an indictment of the Democrats’ years-long effort to hijack crucial pro-family policies for the purpose of welfare expansions…. [T]he child tax credit was first created as part of a broader congressional strategy to move America away from cash welfare—it was an integral piece of a reform package that reduced child poverty by 25 percent. Reversing that success would be tragic….
Come 2025, we should dramatically increase the size of the tax credit to $3,500 ($4,500 for young children). Meanwhile, we need to fight against the Orwellian propaganda peddled by the Democrats and parroted by the liberal media.