MARCO RUBIO'S TAX PLAN EXPOSED AS "CRAZY"

Marco has a tax plan. According to a piece in the NY Magazine (See: " The Math on Rubionomics Is Way Way Crazier Than You Think"by Jonathan Chait, NYMat, November 8, 2015).

It is a crazy plan. Citizens For Tax Justice (CFTJ) analyzed the Rubio Plan and found the plan to be "hostile to economic reality". Rubio, who is essentially in the "employ" of fat cats like the Adelsons, Koch brothers and most recently billionaire Mr. Paul Singer, so it is understandable that his plan will give the most to the few. The plan slots one-third of the tax breaks to the top ONE PERCENTERS. (This is one of the pay-backs billionaire donors get for supporting the Rubio candidacy.) It follows that the rest of us get only the remaining two-thirds of that tax windfall to share among the 99 percent. That does not seem so fair already.

But according to CFTJ that is not the most crazy part. It is the size of the plan that is troubling. Recall the massive George Bush tax roll back. The one that led into the housing bubble and then the Great Recession of 2007? Yes that one. Rubio's plan is almost four times that big. His plan will cut tax revnue to about $12 trillion over the next decade. That means that over those ten years Rubio plaN will reduce revenue from about $40 trillion down to about $30 trillion. According to the CFTJ analysis that amount is only just enough to pay for defense, social security and medicare and the interest on the debt. Rubio's government would be pared to the bone. With those funds he would have to cut Out all non requisite or mandated expenditures over those noted above....no border security, no emergency funds, no Medicaid, anti-poverty budget, veterans healt care, education, infrastructure projects, etcetera, etcetera. Is is probable? No not likely...that why it is crazy.

Oh and to add insult to injury, Rubio also plans to enlarge the defense budget. Yes that massive mill wheel we have hanging around our necks which keeps us all riding over potholed bridge roads, with lousy health care, and crumbling infrastructure will only expand with Rubio. Also based on his donor class and their published demands, his largess with our tiny and queztionalble ally in the Middle East, Israel, will also grow....whether they need the money or not.

The authors state that the "relationship between Rubio's tax plan and economic reality" is "deeply hostile".

So Rubio's plan will undermine the miserable social safety net we have in this nation, further, to third world standards, eliminate government support for needed investment in domestic infrastructure, and instead, shunt the funds into the pockets of the super wealthy, and enlarge our already massive overstuffed military. If that is where you believe the nation should be heading...