Skip Navigation

Close and don't show again.

Your browser is out of date.

You may not get the full experience here on National Journal.

Please upgrade your browser to any of the following supported browsers:

Reveal Navigation

Rubio: No New Tax Revenue Rubio: No New Tax Revenue Rubio: No New Tax Revenue Rubio: No New Tax Revenue

share
This ad will end in seconds
 
Close X

Not a member? Learn More »

Forget Your Password?

Don't have an account? Register »

Reveal Navigation
 

 

The Trail: 2012 Presidential News from the Field / Sunday Shows

Rubio: No New Tax Revenue

photo of Coral Davenport
June 24, 2012

Sen. Marco Rubio, the Florida Republican who is widely discussed as a vice presidential candidate, said on Sunday that he would not support using new revenue from tax reform to pay down the federal deficit.

As the nation approaches a so-called “fiscal cliff” in coming months, with automatic budget cuts looming and tax cuts expiring, pressure in mounting on Congressional Republicans who have signed Grover Norquist’s pledge not to raise taxes

Speaking on NBC’s Meet the Press, Rubio agreed with host David Gregory that coming efforts to reform the tax code should include closing loopholes and changing tax rates, but he also said that the changes should remain revenue-neutral.

 

Rubio called the decision between sticking by the tax pledge promoted by Norquist’s organization, Americans for Tax Reform, and generating federal revenue a “false choice.” 

“I think the issue here is growth,” he said. “The reason why I oppose tax increases is that they’re destructive to growth.”

Rubio said he would support tax reforms that are revenue-neutral, but would then lead to economic growth, thereby increasing federal revenue. 

“I think growth is the only way to solve this problem,” he said. “I think we could do tax reform, flatten the tax rate and close tax loopholes in a way that’s revenue-neutral, and I think tax reform could increase growth.”

See all NJ’s Sunday show coverage | Get Sunday show coverage in your inbox

Get us in your feed.
More The Trail: 2012 Presidential News from the Field
 
Comments
comments powered by Disqus