Bloomberg Politics: Bloomberg Politics had a good summary of the Florida Republican pitch: Rubio plan slashes the corporate tax rate and scrap taxes on dividends, estates and capital gains, according to MSNBC. It also creates a $2,500 child tax credit and replace the standard deduction and personal exemption with a refundable personal credit. Marco Rubio traveled to Detroit yesterday, where he delivered remarks on his tax plan – a key component of his presidential campaign. It not clear how the plan, co-authored by Senator Mike Lee and released earlier this year, a Utah Republican, would be paid for. When dealing with tax plans from Republican presidential candidates, it best to think about the proposals in terms of degrees of radicalism. Democrats say it would increase the deficit.
(news.financializer.com). As
reported in the news.
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