A week after he delivered a crucial vote in its favor and helped send it to President Donald Trump's desk, Rubio expressed his reservations in an interview with southwest Florida's News-Press Thursday, noting he thinks Republicans probably gave corporations too much of a handout. "If I were king for a day, this tax bill would have looked different," he said. "I thought we probably went too far on [helping] corporations."
The senator believes the bill ― which is projected to add $1.4 trillion to the deficit over the next decade unless it can offset those losses via economic growth ― probably won't result in multinational corporations investing their sudden windfall in hiring and expanding.
Instead, it's more likely to line the pockets of their shareholders.
"By and large, you're going to see a lot of these multinationals buy back shares to drive up the price," Rubio predicted. "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."
'A Tax Cut Too Far'
- Donald Trump as Nazi Field Marshall Gerd Von Rundsted
- Mitch McConnell as Nazi Field Marshall Walter Model
- Paul Ryan as Nazi SS General Wilhelm Bittrich
- Marco Rubio as Nazi General Gunther Blumentritt
- Trump Administration as the Nazi II SS Panzer Corps
- Trump Voters as Nazi SS infantry
- Republican Party as the entire Nazi Wehrmacht
- Steve Bannon as Joseph Goebbels
- Bernie Sanders as heroic British General Roy Urquhart
Coming soon to a blighted American neighborhood near you.
Marco STFU! You sold your soul and now geel guilty? Little Marco is owned by lobbyists but likes to pay a principled man on TV.
But he voted for it
"over a week after he delivered a crucial vote in its favor and helped send it to President Donald Trump's desk"
What a ---------.
"If I were king for a day..."
You were, Marco.
Remember when you held out for a larger refundable tax credit? You threatened to withhold your vote, and things changed.
Any pretense now is just that: pretense.
Little Marco occasionally likes to say the right thing, but what counts is what he does, not what he says.
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