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Marco Rubio on Taxes
Summary
State Representative Rubio is a strong proponent of tax reform and balanced budgets. He has proposed a set of 12 ideas to lower taxes and reduce deficits.
- IDEA #1: Cut The Budgets Of The White House And Congress By Ten Percent
- IDEA #2: Reduce The Size Of The Federal Bureaucracy
- IDEA #3: Reallocate The Bank Bailout Program Funding To Cut The Debt
- IDEA #4: End The Stimulus Program And Use The Savings To Cut The Debt
- IDEA #5: Ban All Earmarks
- IDEA #6: Pass A Constitutional Amendment Requiring Congress To Balance The Budget
- IDEA #7: Require Any New Federal Taxes Only Be Approved By A Two-Thirds Vote Of The House And Senate
- IDEA #8: Put A “Check-Off” Box On The Federal Tax Form Allowing Taxpayers To Designate 10 Percent Of Their Existing Tax Bill To Go Toward Paying Down The National Debt
- IDEA #9: Automatic Sunset Of Government Programs
- IDEA #10: Freeze Federal Non-Defense, Non-Veterans Spending At 2008 Levels
- IDEA #11: Give The President The Line-Item Veto
- IDEA #12: Reform Entitlement Programs
Marco Rubio has also proposed several changes to the tax code which he outlines in another set of ideas:
- IDEA #1: Permanently Extend The 2001 And 2003 Tax Cuts
- IDEA #2: Cut Taxes On American Businesses
- IDEA #3: Permanently End The Death Tax
- IDEA #4: Ending Double Taxation
- IDEA #5: Reform the Alternative Minimum Tax (AMT)
- IDEA #6: Fundamentally Reform The U.S. Tax Code
- IDEA #7: Stop The Value-Added Tax
- IDEA #8: Repeal And Replace ObamaCare
- IDEA #9: Prevent A National Energy Tax
- IDEA #10: Oppose Efforts To Strip Away Workers’ Right To A Secret Ballot
- IDEA #11: Halt Regulations That Are Hurting Job Creation
- IDEA #12: Promote Economic Growth And Job Creation Through Trade
Tax Reform
Investing in America
On Unsustainable Debt
Spending Cuts and Government Jobs
On Bureaucracy and Spending
Balanced Budget Amendment
Sunset of Government Programs
Checkoff Box for Tax plan and Debt
Banning Earmarks
Campaign Website Statements
Voting Record
Continue Bush Tax Cuts for all Except top Earners
On July 25, 2012 the Senate voted on legislation to extend all of the Bush tax cuts with the exception of those earning more than $200,000 or couples earning more than $250,000. The measure passed 51-48 along mostly party lines. It was largely symbolic as tax bills are not legal unless they originate in the House. Marco Rubio voted against extending the Bush Tax Cuts for all except the highest earners.
Marco Rubio voted against extending the Bush Tax Cuts for all except the highest earners.
Continue All Bush Tax Cuts
On July 25, 2012 the Senate voted on an amendment to legislation to extend all of the Bush tax cuts. The measure failed 45-54 along mostly party lines. It was largely symbolic as tax bills are not legal unless they originate in the House. Marco Rubio voted in favor of extending all Bush Tax cuts.
Marco Rubio voted in favor of extending all Bush Tax cuts.
Sponsored and Cosponsored Legislation
This representative has not been identified as sponsoring or cosponsoring significant legislation related to this title.