Rubio: GOP tax bill doesn't do enough to help working families

Rubio: GOP tax bill doesn't do enough to help working families
© Keren Carrion

Sen. Marco RubioMarco Antonio RubioRubio in Colombia to push for delivery of humanitarian aid to Venezuela On unilateral executive action, Mitch McConnell was right — in 2014 On The Money: Trump declares emergency at border | Braces for legal fight | Move divides GOP | Trump signs border deal to avoid shutdown | Winners, losers from spending fight | US, China trade talks to resume next week MORE (R-Fla.) said Thursday that the House GOP tax plan’s increase to the child tax credit doesn’t do enough to help working families.

Rubio said on Twitter that the House GOP’s proposed $600 increase to the child tax credit “doesn’t achieve our & [President Trump’s] goal of helping working families.”

The House GOP tax plan released Thursday calls for increasing the child tax credit to $1,600 per child from $1,000. 

Rubio had previously called for increasing the child tax credit to $2,500 per child, pitching the idea in a Breitbart opinion piece. He and Sen. Mike LeeMichael (Mike) Shumway LeeSenate approves border bill that prevents shutdown Push for paid family leave heats up ahead of 2020 New act can help us grapple with portion of exploding national debt MORE (R-Utah) have also introduced a Senate bill to increase the deduction.

Rubio and several other GOP lawmakers also met in June with Ivanka Trump, a senior White House adviser and the president's older daughter, about the child tax credit and paid family leave.

The House GOP tax plan would consolidate the current seven brackets to four, with the top tax rate staying at 39.6 percent. The other individual rates in the bill are 12 percent, 25 percent and 35 percent.

The standard deduction is nearly doubled, and the bill also creates a $300 credit for expenses related to care of parents and non-child dependents. The bill preserves the child and dependent care credit and the earned income tax credit.