Sen. Marco Rubio thinks the GOP tax plan helps corporations too much

https://www.google.ca/amp/s/www.cnbc.com/amp/2017/12/29/marco-rubio-thinks-the-gop-tax-plan-helps-corporations-too-much.html

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Sen. Marco Rubio says the GOP "probably went too far" in slashing the tax burden on corporations.

The Florida Republican told the News-Press of Fort Myers that corporations will largely use their major tax cut to buy back shares or increase dividends to shareholders — which "isn't going to create dramatic economic growth."

"If I were king for a day, this tax bill would have looked different. I thought we probably went too far on (helping) corporations," Rubio told the newspaper in the interview published Friday. "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," he continued.



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