Marco Rubio may have just undermined the efforts of the Republicans using the recent tax overhaul as a means for reelection in the midterms. Rubio told the Economist magazine that there is “no evidence whatsoever” that those new laws will be beneficial to American workers. Oops.
Rubio continued, turning that knife he planted in the GOP’s back:
“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. 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.”
Trump and the Republicans have been claiming their tax cuts will lead to additional take-home pay for American workers, and they have been bragging about the few meager bonuses that various companies have announced as proof that the new laws are working. The tax cuts that have them grinning from ear-to-ear permanently cut the corporate tax rate from 35% to 21%, but the minor tax cuts given to individuals expire in 2025.
The tax overhaul is the only thing the Republicans have accomplished since Trump took over the oval office even though they are the controlling party in the House and Senate, but that tax bill they are so smug about is projected to add $1.9 TRILLION to the national debt over the next ten years.
Seems like Rubio would have good reason to condemn the bill, but don’t give him too much credit because he voted for it just like all the other Republicans.