A Citizens for Tax Justice's analysis of Republican presidential contender Marco Rubio’s tax proposal found that the senator’s plan would give the biggest tax cut to the wealthiest 1 percent of Americans and balloon the national debt by $11.8 trillion over a decade.
Rubio’s plan hugely favors the wealthy. And by reducing revenues by almost $12 billion over a decade, his plan will require draconian cuts to essential public services and likely wreck our economy.
The top 1 percent would receive an average tax cut of $223,783 under Rubio’s proposal. Lower income groups would also receive significant tax cuts under Rubio’s plan, but his campaign is already backtracking on its own claims of just how generous its cuts would be for the poor.
Read the CTJ analysis of the Sen. Rubio’s plan here.