Mexican tomato exporters are conducting unfair trade practices and dumping tomatoes into the U.S. market, despite the 2019 Tomato Suspension Agreement. This is forcing American tomato farmers out of business and destroying the domestic tomato industry. U.S....
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...
El senador estadounidense Marco Rubio (R-FL) habló con Nio Encendio de Maxima 92.5 de Tampa Bay, sobre cómo la inflación ha impactado a las familias, sobre las olas de migración ilegal, sobre el juicio político de Biden vs. el de Trump, sobre el canje de prisioneros...
This year alone, U.S. Customs and Border Protection (CBP) has encountered an estimated 40,000 Chinese nationals along the U.S. northern and southern border. The Biden Administration has left the border wide open, allowing potential spies from the Chinese Communist...
Gotion, Inc., a Chinese company and U.S. subsidiary of Guoxuan High-Tech, announced a lithium battery plant in Illinois that is expected to open next year. This CCP-tied battery company is expected to benefit from green-energy tax breaks under the Democrats’ Inflation...
U.S. Senator Marco Rubio (R-FL) joined National Public Radio’s All Things Considered to discuss his plan to expand the child tax credit for working families. See below for the full transcript and listen to the edited interview here. On the connection between the child...
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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