Sens. Mike Lee and Marco Rubio Introduce Tax Reform Plan...back >
photo 1 of sens. mike lee and marco rubio introducing tax reform plan
March 4, 2015 - Emphasizing the need to promote economic growth, Sens. Marco Rubio (R-FL) and Mike Lee (R-UT) announced the Economic Growth and Family Fairness Tax Reform Plan, a plan to reform individual and business taxes.  "A great challenge for us in the 21st century is how rapidly the structure of our economy has changed and our policies have not kept pace with that," Rubio stated.  Rubio said,

"We have to make America the best place in the world for people to do business, to invest and to innovate. And one of the ways we can do that is by reforming our tax code to become a pro-investment tax code, a pro-growth tax code."

"The second phase of something that both Mike Lee and I have worked on and will continue to talk about is we need entitlement reforms in America to save Medicare and Social Security and to bring our long-term debt under control.  But you cannot cut your way out of our current predicament; you need growth to accompany it, and this is the first step in that process.  This is a growth plan."

The Rubio-Lee plan adds a business tax reform component to the Family Fairness and Opportunity Tax Reform Act, an individual tax reform plan that Sen. Lee introduced in Oct. 2013.  The senators said they do not have a timeline for introducing legislation. 

[press release | reactions]
photo 2 of sens. mike lee and marco rubio introducing tax reform plan
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