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WTAS: “Rubio-Lee Tax Reform Plan: What Pro-Growth Looks Like In The 21st Century”

Mar 4, 2015 | Press Releases

Ramesh Ponnuru: “Senators Mike Lee and Marco Rubio have come up with the most pro-growth tax reform since Calvin Coolidge’s presidency.” (Ramesh Ponnuru, Op-Ed, “A Tax Plan Republicans Should Learn to Love,” Bloomberg, 3/3/15) 

  • Ponnuru: “It’s a supply-side wish list.” (Ramesh Ponnuru, Op-Ed, “A Tax Plan Republicans Should Learn to Love,” Bloomberg, 3/3/15)
  • Ponnuru: “It would make for a tax code that does more to encourage growth than any the U.S. has had since the 1920s.” (Ramesh Ponnuru, Op-Ed, “A Tax Plan Republicans Should Learn to Love,” Bloomberg, 3/3/15)
  • Ponnuru: “The enlarged child credit would benefit more people every year than the capital-gains tax cut that all supply-siders favor.” (Ramesh Ponnuru, Op-Ed, “A Tax Plan Republicans Should Learn to Love,” Bloomberg, 3/3/15)

Yuval Levin: “It combines a very aggressive pro-growth reform of the business side of the code with significant and broad-based tax relief on the individual side.” (Yuval Levin, Op-Ed, “The Lee-Rubio Tax Proposal,” National Review Online, 3/4/15)

  • Levin: “Republicans don’t face a choice between lessening the tax burden on working families and lessening the tax burden on the economy—they face the challenge of doing both. Lee and Rubio have laid out an appealing and aggressive path for doing that.” (Yuval Levin, Op-Ed, “The Lee-Rubio Tax Proposal,” National Review Online, 3/4/15)
  • Levin: “[I]t is directed to the most serious obstacles the tax code poses to growth in our 21st century economy while also addressing the most serious federal tax burdens confronting most Americans now.” (Yuval Levin, Op-Ed, “The Lee-Rubio Tax Proposal,” National Review Online, 3/4/15)

Harvard University’s Greg Mankiw: “Senators Mike Lee and Marco Rubio announced a bold and attractive tax plan today. (Greg Mankiw, “The Lee-Rubio Tax Reform,” Greg Mankiw’s Blog, 3/4/15)

Americans for Tax Reform’s Ryan Ellis: “Rubio-Lee Tax Reform Plan: What Pro-Growth Looks Like in the 21st Century” (Ryan Ellis, “Rubio-Lee Tax Reform Plan: What Pro-Growth Looks Like in the 21st Century,” Americans for Tax Reform, 3/4/15)

Ellis:I have no doubt the accolades will continue to roll in, since the tax plan has a little something for everyone in the broad center-right coalition. And that might be its secret to achieving fundamental tax reform.” (Ryan Ellis, Op-Ed, “Can the Rubio-Lee Plan Unite Republicans on Tax Reform?,” Forbes, 3/4/2015)

  • Are you a middle class family with kids? If so, you should like this plan.” (Ryan Ellis, Op-Ed, “Can the Rubio-Lee Plan Unite Republicans on Tax Reform?,” Forbes, 3/4/2015)
  • “Do you own your own small business? If so, this plan is a big boon to you.” (Ryan Ellis, Op-Ed, “Can the Rubio-Lee Plan Unite Republicans on Tax Reform?,” Forbes, 3/4/2015)
  • “Are you a saver? You’re really going to like Rubio-Lee.” (Ryan Ellis, Op-Ed, “Can the Rubio-Lee Plan Unite Republicans on Tax Reform?,” Forbes, 3/4/2015)
  • “If you’re a senior, you’ve got to love not having to pay taxes on your dividends or your bank interest.” (Ryan Ellis, Op-Ed, “Can the Rubio-Lee Plan Unite Republicans on Tax Reform?,” Forbes, 3/4/2015)

YG Network: “The Rubio-Lee plan represents a big step forward in the fight for pro-growth, pro-family conservative reforms.” (“Rubio & Lee to release ‘most pro-growth tax plan… in recent memory,’” YG Network, 3/2/15)

The Heritage Foundation: “The U.S. has the highest corporate tax rate in the developed world, is the only major country to tax its businesses on income earned outside the country and delays the ability of businesses to deduct capital expenses for as long as 39 years … The Lee-Rubio plan, announced today, would fix these problems and result in a rapidly growing economy.” (David Burton, “How the New Lee-Rubio Tax Plan Would Boost the Economy,” The Heritage Foundation’s Daily Signal, 3/4/15)

  • “[T]he plan … has the realistic potential to increase the size of the economy by 15 percent over what it would be if we do nothing.” (David Burton, “How the New Lee-Rubio Tax Plan Would Boost the Economy,” The Heritage Foundation’s Daily Signal, 3/4/15)
  • “The business reforms in the Lee-Rubio plan … would make virtually all Americans better off.” (David Burton, “How the New Lee-Rubio Tax Plan Would Boost the Economy,” The Heritage Foundation’s Daily Signal, 3/4/15)

Cato Institute: “In today’s Washington, the best we can hope for is incremental reform. But some incremental reforms can be very positive, and that’s the best way of describing the “Economic Growth and Family Fairness Tax Reform Plan” unveiled today by Senator Marco Rubio of Florida and Senator Mike Lee of Utah.” (Daniel J. Mitchell, “Grading the Rubio-Lee Tax Reform Plan,” Cato Institute, 3/4/15)

  • As you can see, the Rubio-Lee plan gets top scores for ‘saving and investment’ and ‘international competitiveness.’ And since these components have big implications for growth, the proposal would – if enacted – generate big benefits. The economy would grow faster, more jobs would be created, workers would enjoy higher wages, and American companies would be far more competitive.” (Daniel J. Mitchell, “Grading the Rubio-Lee Tax Reform Plan,” Cato Institute, 3/4/15)
  • “By the way, if there was (and there probably should be) a ‘tax burden’ grade in my matrix, the Rubio-Lee plan almost surely would get an ‘A+’ score because the overall proposal is a substantial tax cut based on static scoring.” (Daniel J. Mitchell, “Grading the Rubio-Lee Tax Reform Plan,” Cato Institute, 3/4/15)

Washington Examiner: “Marco Rubio Lays Out Ambitious Tax Reform Plan With Mike Lee” (Joseph Lawler, “Marco Rubio lays out ambitious tax reform plan with Mike Lee,” Washington Examiner, 3/4/15)

Associated Press: “Rubio-Lee Tax Plan Rewards Investors, Parents, Businesses” (Stephen Ohlemacher, “Rubio-Lee Tax Plan Rewards Investors, Parents, Businesses,” Associated Press, 3/4/15)