Marco Rubio: Tax Bill ‘Probably Went Too Far’ On Corporate Handouts | HuffPost

[Senator Marco] Rubio expressed his reservations [about the Tax Legislation] in an interview with southwest Florida’s News-Press Thursday, noting he thinks Republicans probably gave corporations too much of a handout.“<P><P>If I were king for a day, this tax bill would have looked different,” he said. “I thought we probably went too far on [helping] corporations.”The senator believes the bill ― which is projected to add $1.4 trillion to the deficit over the next decade unless it can offset those losses via economic growth ― probably won’t result in multinational corporations investing their sudden windfall in hiring and expanding.Instead, it’s more likely to line the pockets of their shareholders.“<P><P><P>By and large, you’re going to see a lot of these multinationals buy back shares to drive up the price,” Rubio predicted. “Some of them will be forced, because they’re sitting on historic levels of cash, to pay out dividends to shareholders.  “That isn’t going to create dramatic economic growth.”

Source: Marco Rubio: Tax Bill ‘Probably Went Too Far’ On Corporate Handouts | HuffPost

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