Senator Marco Rubio (R-Florida) made a rare speech to the chamber yesterday in which he accused President Barack Obama of waging class warfare by calling for an end to corporate tax breaks to help bring down the deficit. Senator Rubio:
“The idea that if we raise taxes as the president said on millionaires and billionaires, raise taxes on oil companies, raise taxes on owners of private jets, that that somehow is going to make a difference in America’s debt in terms of having a real impact, is not only misleading. I think, quite frankly, it’s disappointing. It’s class warfare, and it’s the kind of language that you would expect from the leader of a third world country, not the President of the United States.”
Two things about this: First, Mr. Rubio’s own economic proposals, as a candidate, would have added $3.5 trillion to the deficit. Second, the Bush tax cuts for the wealthy — which Mr. Rubio supports making permanent — are in fact driving the deficit.
The place for in-depth analysis, commentary and informed perspectives.