Rubio shouldn’t be judged by just one bad debate moment

Marco-Rubio-AP

Marco Rubio doesn’t want to be judged by one abysmal debate performance, and that’s understandable. Instead, he sells himself to his fellow Republicans as someone able to reach out to people whom the Republican Party may not otherwise reach. As he put it in Iowa, “we’re going to grow the conservative movement. We’re going to reach out to the people struggling paycheck to paycheck, to the students living under the burden of student loans, to the families struggling to raise their children with the right values.”

In light of that ambition, let’s take a look at the impact of Rubio’s proposed tax-reform package, as analyzed in a report issued Thursday by the nonpartisan Tax Policy Center in Washington. What does the Rubio plan offer to those people “struggling from paycheck to paycheck,” as he puts it?

Overall, the Rubio plan would raise the national debt by $6.8 trillion in the first decade in which it is implemented. That’s over and above the deficits that are already projected. And how would the benefits of that $6.8 trillion be distributed?

Like this:

rubiotax

  • The bottom 20 percent — those making less than $26,101 in 2015 dollars — would get 1.9 percent of the tax savings.
  • The bottom 80 percent — those making less than $148,458 — would see a grand total of 28.4 percent of the total tax savings.
  • The top 1 percent — those making more than $846,843 — would collect 40 percent of the tax savings.
  • And those in the top 0.1 percent — those with incomes of $5.2 million or above — would collect 22.8 percent of the savings and see their tax burden fall on average by $1.22 million.

I could be wrong, but I’m not sure those living paycheck to paycheck will be all that impressed by that breakdown.

At the risk of pulling a Rubio, let me make two additional points that I’ve made before in such discussions:

1.) The theory behind such tax changes is that by allowing wealth concentration at the top, we encourage investment that will then produce good-paying jobs and rising incomes for everyone else as well. The problem is that we have been running that very experiment for more than 30 years now, and it shows no sign of working. Through a variety of means, including but not limited to changes in the tax code, wealthy Americans control a much higher percentage of national wealth and income than they did in 1980, and contrary to supply-side theory, it has not resulted in the promised changes for their less prosperous fellow citizens. Quite the contrary. The concentration of wealth and income seems to be leading to still more concentration of wealth and income.

2.) To attempt to offset that $6.8 trillion increase in debt caused by his tax plan, Rubio and his fellow Republicans promise to enact major spending cuts. Almost without exception, those spending cuts are targeted for Social Security, Medicare, tuition assistance and other programs that benefit Americans “struggling from paycheck to paycheck.” In short, under the Rubio plan, and under every other tax plan proposed by Republican candidates, spending on programs that provide a basic level of health care and economic security to millions of Americans will be slashed to finance tax cuts for those Americans already doing quite well.

Why? Because they aren’t allowed to think in any other way, I suppose.

Reader Comments 0

438 comments
Kamchak
Kamchak

Scalia dead?

Condolences to his family.

I won't shed a tear.

Kamchak
Kamchak

@rimsky 

There is a thread about this above Friday night music.

rimsky
rimsky

@Kamchak He was too far to the right.  Very hostile in his behavior.

td1234
td1234

So McConnell comes out and says that the next President should appoint someone not this one and he has all the power in the US Senate. 

foo2u
foo2u

So turtle promises more obstruction... why even come out and say it? Obstruction of the people's business is pretty much a given with our wingnutty congress.

BuckeyeGa
BuckeyeGa

@td1234 CNN reports Pres Obama will make a nomination to the Supreme Court to replace the late Justice Scalia.

rimsky
rimsky

@td1234 Politics as usual.  What is McConnell afraid of and what does the Constitution say about what McConnell said.

BuckeyeGa
BuckeyeGa

Scalia was found dead in Texas...I think it's of natural causes.

td1234
td1234

@rimsky @td1234 @BuckeyeGa We will not have a shooting war but this could be the nastiest political war the country has seen since the 1960's. 


Can the two US Senators running for President, with a Republican majority in the US Senate stop Obama from appointing a far left Progressive into this seat. If either can then they will bolt to the front of the Republican ballot. If neither can then they are not worth voting for and Trump will bolt to the top. 

rimsky
rimsky

@td1234 @rimsky @BuckeyeGa So far right wingers have been in power of the SC and of the legislative branch and done very little for the majority of the country.  About time the left get a chance to do something.  If they cannot the right will again have their chance.

td1234
td1234

@rimsky We shall see if it happens or not. There is that pesky little thing called advice and consent in the Constitution. We also have 2 Senators running for President in the Senate that will be attempting to show if they are Presidential and a populist sitting on the outside that will let the country know if they screw up. 

rimsky
rimsky

@td1234 @rimsky I am glad you will wait and see.  Me too.  Politics is an interesting phenomenon.

td1234
td1234

@rimsky @td1234 "

Pete Williams: I'd Be "Very Surprised" If Senate Even Considers Supreme Court Nomination In Election Year"
Already coming out.

foo2u
foo2u

Itll be interesting to see how this works.

It will certainly energize both bases.

It's the wingnuts seat to lose and the libs seat to win.

BuckeyeGa
BuckeyeGa

@foo2u yep.. a lot on the left HATES Scalia...so the Dems definitely will be energized.

Starik
Starik

@rimsky I'll bet Canadian Doctors, hospitals, pharmaceutical companies and health insurance companies aren't nearly as wealthy as ours, though.

rimsky
rimsky

@Starik @rimsky If you are betting you don't have clue.  Neither do I and care less about it as long as they are doing a good job.

MaryElizabethSings
MaryElizabethSings

Rarely do I agree with Charles Krauthammer, but I do agree with most of his thoughts in this column. I do not, however, agree with his analysis of President Obama's presidency, which I believe has been outstanding. I hope many of you will take the time to read it, in which Krauthammer analyzes the "magic" in the campaigns of both Sanders and Trump, if you have not already done so.


https://www.washingtonpost.com/people/charles-krauthammer

rimsky
rimsky

SOS Albright has apologized for her out burst.  The left do not stand for these kind of rhetoric

Some how the right tolerates when their politicians calls other vulgar names like p u s s y.  Vulgarity is like a badge of honor on the right.

rimsky
rimsky

Interesting article in Huff Po about increasing domestic violence in America.  These are mostly settled with gunfire.

td1234
td1234

"

A recently released Crime Research Prevention Center (CRPC) study on academics and concealed carry in the United States shows that economists’ consensus is overwhelmingly that concealed carry lowers crime.

The study surveyed “50 economists,” comprised of 43 Americans, four Canadians, two Australians, and one Swedish economist."

rimsky
rimsky

@td1234 Welcome back Mr. td.

Also a welcome back to Ms. MES


There are studies which contradict the study you sited.  I have read some and have to find them again.

Kamchak
Kamchak

@PaulinNH 

I was really counting on your Toffees to at least tie West Brom

PaulinNH
PaulinNH

@Kamchak @PaulinNH   I wanted to throw up watching that game.  Gave away a soft goal from a corner and couldn't put it in the net ourselves.  I told my brother a couple of months ago that, growing up, I always wanted to have the ball control to play for Everton and after watching Arouna Kone, I do.    I don't know what it is, but there is something fundamentally wrong with Everton and Martinez doesn't seem to have identified it.

Kamchak
Kamchak

@PaulinNH 

It looked as if West Brom put up a force field in front of goal -- the ball just wouldn't go in.

Kamchak
Kamchak

@PaulinNH 

Our newest "Zorro".

We need a breakout game. 6-7 goals.

rimsky
rimsky

@Kamchak We have flight to the left too.  May I say Bernie is leading the charge on that.

Okrick222
Okrick222

@Atlanta_Online He should be judged by his stance on abortion,flip-flop on immigration,his intended end to medicare& SS, and his ignorance

foo2u
foo2u

So libs wish to celebrate the modest amount of progress made... and the wingnuts wish to celebrate the modest amount of failure that occured over the last 7 years... got it.

Both sides are celebrating incremental progress , in one direction or the other, and both sides are hoping for more... got it...

Looks like some of us wish for success since it's good for the country, and some wish for failure because it's good for wingnuts.

foo2u
foo2u

And yes... I acknowledge libs were just as bad about wishing failure on President Bush...

InTheMiddle2
InTheMiddle2

It's kind of like a kid coming home from school with a 10 on their test. You are glad they got that many correct but wished they could have at least gotten to 50

foo2u
foo2u

But they got a zero on the last test... and they scored that ten in spite of the fact the teacher printed out the test in sanskrit and invisible ink...

Kamchak
Kamchak

@Abrazos 

Yes, Bush squandered his goodwill away with his lies justifying his invasion of a country that did not attack us.

foo2u
foo2u

We could argue the finer points of the W failures all day...

Fact is, he near universal approval just after 9-11 and squandered it like Kam says.

Yes, well after 9-11 us libs started wishing failure on W, just like the wingnuts have done from day one of Obama's term...

Thing is, the libs wishes came true, in a spectacular fashion, and we ALL suffered.

Kamchak
Kamchak

History shows that missing link-boy Witchie-poo doesn't supply proof.

Philo_Farnsworth
Philo_Farnsworth

Philo posts common knowledge.

Would you demand "proof" if I said the sun rises in the east?

InTheMiddle2
InTheMiddle2

History show very few care about your opinion, and I am giving you the benefit of the doubt