“That isn’t going to create dramatic economic growth”

JM Ashby
Written by JM Ashby

Now he tells us.

Although he voted for the GOP tax bill like a good lemming, Senator Marco Rubio (R-FL) has reservations about their legislation because, like the rest of us, we knows it's probably not going to be the cure-all that GOP leaders and Donald Trump tell us.

RUBIO: If I were king for a day, this tax bill would have looked different. I thought we probably went too far on (helping) corporations. By and large, you’re going to see a lot of these multinationals buy back shares to drive up the price. Some of them will be forced, because they’re sitting on historic levels of cash, to pay out dividends to shareholders. That isn’t going to create dramatic economic growth. (But) there’s a lot of things in the bill that I have supported for a long time (such as) doubling the Child Tax Credit. And it is better – significantly better – than the current code.

If Rubio were king for a day, everything would be the same because Rubio is a chump.

With that out of the way, how exactly is this "significantly better" than the current code? Rubio admits corporations are "sitting on historic levels of cash," but they're not going to funnel that to their own employees in the form of higher wages, they're going to pay out dividends to shareholders. The vast majority of working Americans are not shareholders.

If this "isn’t going to create dramatic economic growth," as Rubio says, how is it "significantly better?"

Legislatively tying corporate tax breaks to higher wages or passing new taxes on idle wealth (historic levels of cash) would have been significantly better.

  • swift_4

    He was “king” for a day. He threatened to hold up the bill, and if he had anything resembling a spine, he could have made changes. But they lied to him and he knew they were lying and he took it. Because he’s just going along with the rest of them.

  • muselet

    Marco Rubio had ample opportunity to push for changes to the Rs’ tax bill. Marco Rubio had the leverage to make changes happen.

    Marco Rubio chose to ignore his entirely-not-politically-convenient reservations and voted for the bill. That he’s now, when it’s too late, trying to sound sensible and statesmanlike just means he’s a shameless hack (as if there were any other kind).

    What a waste of skin.


  • Badgerite

    This bill was designed to break the bank and it will. But the people who voted for this will be ‘retired’ by then and will receive their own payout, if they haven’t already.

    • gescove

      Case in point, Orrin Hatch. What a piece of shite.

    • Ceoltoir

      They figure that the worst aspects of taxscam won’t kick in until a Democratic President can be lambasted over it.

  • Draxiar

    What?! The money won’t trickle down and create jobs?! After 30 or so years I was so hopeful it would this time…

  • ozdog

    he’s covering his ass because i think “senator marco rubio” still wants to be “president marco rubio”.

  • Aynwrong

    “If Rubio were king for a day, everything would be the same because Rubio is a chump.”

    I would have gone with “worm” myself.

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