This upcoming Sunday, the people of Venezuela will hold an election that, if legitimate, would put an end to years of the oppressive Maduro narco-regime. U.S. Senator Marco Rubio (R-FL) issued a statement in support of the Venezuelan people: “The...
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Rubio: “La Tenacidad y Valentía del Pueblo venezolano Estarán a la Vista”
Este próximo domingo, el pueblo venezolano tendrá una elección que, de ser legítima, pondría fin a años de opresión por parte del narco-régimen de Maduro. El senador estadounidense Marco Rubio (R-FL) grabó un mensaje de video en español y emitió una declaración en...
Rubio, Scott, Colleagues to Biden Admin: No Privileges Should Be Given to 9/11 Terrorist
Twenty-three years ago, the United States was attacked by Islamic terrorists on September 11, 2001. Now, Zacarias Moussaoui, the only person convicted in a U.S. court for his role in the attack, has requested the U.S. Department of Justice to allow a prisoner transfer...
Next Week: Rubio Staff Hosts Mobile Office Hours
U.S. Senator Marco Rubio’s (R-FL) office will host 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 Senator Rubio’s...
Rubio, Colleagues Introduce Ensuring Continuity in Veterans’ Health Act
As the U.S. Department of Veterans Affairs (VA) opens up new facilities, many veterans are losing access to the VA’s Community Care Program and, consequently, their long-term healthcare providers. Veterans throughout the country have reported a loss of care, including...
Rubio Introduces Bill to Strengthen U.S.-India Security Partnership
The U.S.-India partnership is vital to countering influences from Communist China. In order to strengthen this partnership, it is essential to enhance our strategic diplomatic, economic, and military relationship with New Delhi. U.S. Senator Marco Rubio (R-FL)...
Editorial: Rubio-Lee Tax Plan Grows The Economy And Lifts Incomes Across The Board
Everybody talks about tax reform but nobody ever gets around to doing something about it. Now two Republican senators, Marco Rubio of Florida and Mike Lee of Utah, have introduced a proposal that embraces both pro-growth and pro-family concerns and simplifies the mess that is the current federal tax code. It’s a start.
They would cut the U.S. corporate tax rate, the highest in the industrialized world, to a globally competitive 25 percent, and eliminate taxes on capital gains, dividends and interest. The Rubio-Lee plan would move the United States to a system of territorial taxation, with corporate profits taxed only once, when and where the profits are earned, rather than twice, and would enable full business expense deductions.
The proposal would further repeal the Alternative Minimum Tax, create a new $2,500 child tax credit, reduce the number of tax brackets to two and put the top personal rate back where it was when Mr. Obama took office. All deductions, except for mortgage interest and contributions to charities, would be replaced by a $4,000 tax credit for couples.
This is a bold answer to the public cry that somebody ought to do something about the tax code that Jimmy Carter denounced as “a disgrace to the human race.” This should spark serious debate among the worthies who say they’re ready to be president. The two senators offer specifics. Some will like them and others will not, but the proposal is a point of departure from where we’re stalled now.
Ronald Reagan didn’t invent the Kemp-Roth tax bill, but embraced it as part of his campaign to win the Republican nomination in 1980 and then the White House. The candidates in 2016 will have to produce a plan for growth or borrow the proposal of someone else, and Rubio-Lee is a good place to start the conversation.
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