After voting to approve his party’s massive, almost universally despised tax overhaul just before Christmas, Senator Marco Rubio seems to have only just now realized the bill isn’t so great after all.
In an interview with the News-Press on Friday, Rubio was asked what he thought of the bill he only momentarily waffled on, now that it’s been signed into law by President Donald Trump. Here’s what he said (emphasis mine):
If I were king for a day, this tax bill would have looked different. I thought we probably went too far on (helping) corporations. By and large, you’re going to see a lot of these multinationals buy back shares to drive up the price. 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. (But) there’s a lot of things in the bill that I have supported for a long time (such as) doubling the Child Tax Credit. And it is better – significantly better – than the current code.
Interesting: handouts to corporations ultimately don’t do anything to actually help the economy after all. Oh well! At least while the rich get richer and the rest of us are left in the dust, Marco can brag that he got his not-so-helpful Child Tax Credit adjustment, and boy, isn’t that going to look good in a 30-second TV spot when he runs again for president.