Apr 30, 2018

Marco Rubio: No proof tax cuts "poured" money back to workers

Republican Sen. Marco Rubio. Photo: Joe Raedle/Getty Images

Republican Senator Marco Rubio acknowledged in an interview with The Economist that the GOP tax cuts may not be as beneficial to the American worker as Republicans are painting it to be.

"There is still a lot of thinking on the right that if big corporations are happy, they’re going to take the money they’re saving and reinvest it in American workers. In fact they bought back shares, a few gave out bonuses; there’s no evidence whatsoever that the money’s been massively poured back into the American worker.”
— Sen. Marco Rubio

Why it matters: This is a message that several Democrats have been pushing hard, and getting backlash for, in an attempt to detract from the GOP's lead play ahead of the midterm elections. Republicans are betting on the positive effects of the tax law to retain their congressional majority. It's the biggest legislative victory the party has to show for their time in office so far.

Be smart: If other GOP lawmakers join Rubio in pointing out that the bill may not be as helpful to the average American worker as the party is portraying, it could have a massive impact on Republican voter sentiment in the lead up to November.

Don't forget: Minority Leader Nancy Pelosi has faced intense backlash, even from those in her own party, for repeatedly describing the bonuses companies are doling out to employees thanks to the tax cut as "crumbs."

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  1. Global: Total confirmed cases as of 1 p.m. ET: 1,237,420 — Total deaths: 67,260 — Total recoveries: 252,944Map.
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  3. Public health latest: CDC launches national trackers and recommends face coverings in public. Federal government will cover costs of COVID-19 treatment for uninsured. Surgeon general says this week will be "our Pearl Harbor, our 9/11 moment."
  4. 2020 latest: "We have no contingency plan," Trump said on the 2020 Republican National Convention. Biden says DNC may have to hold virtual convention.
  5. States updates: New York Gov. Andrew Cuomo said the state "literally going day-to-day" with supplies.
  6. Work update: Employees still going to work face temperature checks, distanced work stations, protective devices and mass absences.
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Cuomo says New York is "literally going day-to-day with our supplies"

New York Gov. Andrew Cuomo said in a press conference on Sunday that New York is struggling to maintain medical supplies while combatting the novel coronavirus — operating "literally" on a "day-to-day" basis.

Why it matters: New York City has become an epicenter of the coronavirus outbreak, facing mass quarantines and stay-at-home orders. Cuomo said Saturday that New York reported 630 new deaths in 24 hours — an "all-time increase" that beat the previous day's record of 562 deaths.

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Illinois Gov. J.B. Pritzker said on CNN's "State of the Union" Sunday that President Trump's comments about the federal government's stockpile of medical equipment suggest he "does not understand the word 'federal.'"

Why it matters: White House adviser Jared Kushner argued at a press briefing last week that the "notion of the federal stockpile was it’s supposed to be our stockpile; it’s not supposed to be state stockpiles that they then use."