Rubio hosting events to build support for child tax credit proposal

Rubio hosting events to build support for child tax credit proposal
© Victoria Sarno Jordan

Sen. Marco RubioMarco Antonio RubioRyan pledges 'entitlement reform' in 2018 Richard Gere welcomes lawmakers' words of support for Tibet Dem lawmaker gives McConnell's tax reform op-ed a failing grade MORE (R-Fla.) has been holding tax reform roundtables in his home state to build support for his proposal to expand the child tax credit.

The Florida senator met with constituents in Jacksonville on Wednesday and in Broward County in southern Florida on Friday. 

The roundtables come as congressional Republicans increase their focus on tax reform following the Senate's failure to pass legislation to repeal and replace ObamaCare. The congressional tax-writing committees are working to produce legislation that can be released after the August recess.

Rubio wants tax legislation to include increasing the $1,000 child tax credit to $2,500 and applying it to both income and payroll taxes. He asked for feedback from the people at the roundtables so that he could adjust the proposal to make sure it works well in the real world. 

ADVERTISEMENT
One of Republicans' top tax reform goals is for the legislation to increase economic growth. Rubio said at Friday's roundtable that his proposal could be beneficial for the economy because it could make it easier for parents to pay for child care and work more.

"I do think it has an impact on economic growth," he said.

Rubio has been working with Ivanka Trump, the president's elder daughter and a senior White House adviser, on the issue. He also pitched his child tax credit proposal earlier this month in an op-ed in Breitbart — a news outlet known to be influential to the president and his advisers and supporters.

Additionally, Rubio said he hopes to get support from Democrats for his proposal.

"This should not be a partisan issue, and I hope it isn't," he said.

Besides the expanded child tax credit, Rubio spoke about other tax priorities. He expressed support for lowering the tax rate for businesses whose income is taxed through the individual tax code, as well as for allowing businesses to immediately deduct the full cost of their capital investments.