Tonight, Marco Rubio said he wants to “simplify” the U.S. tax code. He laid out broad strokes on his plan, but what he didn’t mention is that he’s been one of the GOP field’s most prolific beneficiaries of contributions from Wall Street and hedge fund investors.
Rubio’s tax plan that disproportionately boosts top income-earners like the Koch brothers at the expense of working families would:
- Entirely eliminate capital gains taxes — an extreme “break with the GOP”;
- Gift “the top 1 percent…tax cuts more than 103 times larger than the poorest 20 percent”; and,
- Add at least $6.8 trillion to the deficit.
Published: Feb 17, 2016