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News Taxes Friday, Nov 6 2015

Rubio's Plan Is Up Next: PolitiFact Confirms Jeb Bush's Tax Plan Favors The Wealthy

Nov 06, 2015

Jeb Bush got caught for saying what many of his fellow Republicans like Marco Rubio inaccurately tout about their tax plans: Working and middle class families gain the most.


In reality, the GOP field’s tax proposals still disproportionately boost the top 1% of income-earners.


Despite Marco Rubio’s claims to the contrary, under his tax plan, “the top 1 percent would, on average, get tax cuts more than 103 times larger than the poorest 20 percent would get,” according to Vox.


Rubio’s tax cuts give a substantially bigger handout to the wealthy, but Jeb’s proposal gives top income-earners a disproportionate boost, too: “[T]he wealthiest Americans stand to benefit more than the middle class, thanks to Bush’s proposed changes in corporate, estate and other taxes,” according to a new PolitiFact report.


Rubio, Bush, and the rest of the field’s primary objective is to pad the pockets of their billionaire Wall Street donors — they’re making that very clear.


Read more from PolitiFact.

Published: Nov 6, 2015

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