Last night in Palm Beach at meeting of some top conservative donors in the country Florida Sen. Marco Rubio, wanted prove that he was far more acceptable GOP presidential candidate than former Gov. Jeb Bush.
Rubio was clear that his goal is to run for president in 2016 and not for reelection for the senate. He wants to prove that he is best option for “true conservatives,” by laying out his plans for 2015 and they begin with tax reform bill that he and co-sponsor Utah Sen. Mike Lee.
According to multiple sources Rubio made it clear to key supporters that he will run for president instead of reelection to the Senate. He also told the Club for Growth donor meeting here that he would like to eliminate the U.S. Department of Education, shut down the Export-Import Bank and pass a detailed Obamacare alternative.
According to both POLITICO and The Hill, the Florida Senator will hope to set himself apart from former state Gov. Jeb Bush by proving he is a true conservative.
Rubio said the bill he will introduce would reduce corporate tax rates from 35 percent to 25 percent, while eliminating both capital gains and dividend taxes. He said we will create parity between C and S corporations so that no S corporation pays more than 25 percent in taxes.
He and Lee will also propose creating two income tax rates, 15 percent or 35 percent, down from the seven brackets that exist now.
“It’s a flatter tax system,” Rubio told the well-heeled crowd at The Breakers Resort. “In an ideal world, it would be a simple one rate for everyone. Hopefully we’ll move in that direction as a nation. We think this is achievable in the short term.”
Rubio projected that his plan could grow the economy by 15 percent and wages by 13 percent over 10 years.
“If I got to start our country over from scratch, I would either have a flat tax or a consumption tax,” he said.
Here is more on Rubio’s plans from POLITICO and his focus is clearly on the White House and not running for another term as a Senator from Florida.