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...
Washington, D.C. – U.S. Senator Marco Rubio (R-FL) issued the following statement regarding today’s release by the Treasury Department and Internal Revenue Service of a new mandate requiring U.S. banks to report interest payments on foreign deposits:
“As if our tax code weren’t already broken enough, the Obama Administration has added another regulation that will have disastrous consequences for Florida. By requiring banks to report interest earned by foreign investors, the administration has unilaterally handed down a job-destroying mandate that would encourage billions of dollars to flee Florida’s economy.
“The Obama Administration’s mandate flies in the face of over 90 years of smart tax policy that has attracted investment from abroad. In Florida alone, there are an estimated $14 billion in foreign deposits in our state chartered banks. This is money that is used for loans to help entrepreneurs create jobs as they start new businesses or expand existing ones.
“Congress should repeal this mandate immediately.”
For more background, read Rubio’s joint op-ed on the issue with Rep. Bill Posey here.