Stupid Party

Rubio Admits the Tax Cuts He Voted For Are a Failure

JM Ashby
Written by JM Ashby

Senator and failed presidential candidate Marco Rubio (R-FL) participated in an interview with The Economist in which he said he's starting a new "reform conservative movement" to tackle problems that Trump and the Republican party he's a member of aren't really addressing.

That may sound promising if it were coming from almost anyone else.

Rubio demonstrated in this interview that he's capable of accurately diagnosing problems and then pronouncing that nothing Congress or Trump is doing is going to help, but there's another problem with Rubio's new movement.

The president’s scheme to revive the 1970s economy through protectionism and deregulation is unrealistic, as Mr Rubio—who these days dares not criticise Mr Trump—cannot help but acknowledge. “The future is going to happen,” he says. “I have no problem with bringing back American car-manufacturing facilities, but, whether they’re American robots or Mexican robots, they’re going to be highly automated.” Most Republican congressmen meanwhile remain entranced by the limited-government shibboleths he has shaken off, as his fight over the tax bill revealed. Mr Rubio’s proposal, to double the tax credit to $2,000 per child and pay for it by making a small increase to the corporate rate his party wanted, was decried by some Republicans as socialism. The watered-down version they accepted, as the price of Mr Rubio’s support for the bill, excluded the poorest families. “There is still a lot of thinking on the right that if big corporations are happy, they’re going to take the money they’re saving and reinvest it in American workers,” he says. “In fact they bought back shares, a few gave out bonuses; there’s no evidence whatsoever that the money’s been massively poured back into the American worker.

This all checks out, but the problem with Rubio's "reform conservative movement" is that he's leading it. The problem is him.

Rubio voted for the $1.5 trillion tax cut that corporations are using to buy back shares and pay dividends. He voted to repeal Obamacare. He has voted for the entire conservative agenda.

Rubio even voted against his own immigration reform bill.

I believe it would be a good thing if we actually had a reasonable conservative opposition party capable of compromising, but we don't have that and we haven't had that in a very long time. I have no doubt that Rubio is not the only Republican Senator who can see the writing on the wall, but just like him they're unwilling to break from their party and actually take a stand on anything.

Rubio is absolutely right about the economy of the future and his party's tax cuts, but it doesn't matter until he's willing to do literally one thing about it.

  • Christopher Foxx

    there’s no evidence whatsoever that the money’s been massively poured back into the American worker

    There was MASSIVE evidence prior to the passage of the bill that that’s exactly what would happen.

    How Republican of him to now act like “Gosh. This result is completely surprising. Who could have foreseen this?”

  • Badgerite

    The only thing this gop crowd is draining is the public treasury. This tax cut is being put on the national credit card. The next generation will have to scramble to pay it back with interest. The Laffer Curve does not now and never has worked.
    It is a PR scam to justify the draining of the public treasury into the pockets of concentrated wealth in this country.
    They will either ship that wealth out of the country or buy up all the assets via corporate shares buy backs or like Hannity is doing in real estate. They want to entrench their privileged existence at the expense of the entire society and its future. That isn’t free speech. That is out and out bribery. Not just the appearance of corruption but the thing itself. And now we have a “dime store Mussolini” who is going after any one, whether journalist or state government or private citizens, that disagrees with him. So much for the First Amendment. And this was all brought to us by foreign intervention and foreign money. Citizens United was a crock of shit.

  • Talk is cheap and Rubio’s words are just so much smoke up our proverbial asses.

  • muselet

    I’ve said it before and I’ll say it again: I miss sane conservatives.

    Unfortunately, they’ve not exactly been thick on the ground for a couple of decades now. Instead, we mostly have Visigoths who take a blood oath to work tirelessly to repeal not just the 20th century but also the Enlightenment.

    When it suits his personal ambitions, Marco Rubio will put on a show for the rubes—both Florida voters and our glorious news media—declaring loud and long that his principles demand! that he stand in opposition to his party. Shortly thereafter, he will cast his remarkably elastic principles aside and vote with said Visigoths.

    If Rubio had ever had more spine than a nematode, I’d be somewhat less inclined to dismiss his “reform conservative movement” as a cynical waste of everyone’s time and attention.

    –alopecia

    • ninjaf

      See also: Paul, Rand; Graham, Lindsey; McCain, John; Corker, Bob.

      Any other “mavericks” I am forgetting?

      • muselet

        Susan Collins, for one.

        –alopecia

  • *kicks over mailbox* “It’s a damn shame people kick over mailboxes. I’m going to lead the charge to fix kicked over mailboxes!” 😒

  • Draxiar

    They all knew this tax cut would do jack shit in pumping money into the economy. In fact, the corporations that benefit basically said so with a show of hands to which Gary Cohn asked, “Why aren’t the other hands up?” If Rubio is surprised the tax cuts didn’t work “as intended” then he’s asleep at the switch. They were bloody well told. To which I say, they’re working exactly as intended and funneling money from the bottom to the top.

    • Christopher Foxx

      Working EXACTLY as intended indeed.

  • ninjaf

    25 years of toeing the party line (thank you, New Gingrich and Grover Norquist, et al) has left Republicans unable to act independently. And, consequently, has left our country unable to govern for long term benefit, instead of the next election.

    Funny, isn’t it, that the same thing rotting the Republican party is also rotting corporate America (working on long term goals vs. implementing short term strategies) and gutting the middle class?