Rubio eyes taxes, tech in economic plan

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.) will outline his economic plan to improve the economy Monday, including a focus on the technology sector, trade and research opportunities, and an overhaul to the country's tax system, according to The Wall Street Journal.


Speaking during an afternoon event hosted by Google and the Jack Kemp Foundation, Rubio will advocate for an overhaul of the tax system to lower the highest corporate rate, allow companies to make immediate deductions from their taxable income and let companies avoid U.S. taxes on earnings made and taxed abroad, The Wall Street Journal reported.

On the topic of tech policy, Rubio will call for the reallocation of federal agencies' airwaves to private companies through federal auctions. On energy, he will call for streamlining the natural-gas pipeline development review process and an end to the crude-oil exports ban, according to the report.

Rubio will also push for "trade promotion authority" for the White House to expedite international trade deals, increased cooperation between federal research agencies and the private sector and the creation of a "National Regulatory Budget," which would be established by an independent board and would require the government to measure and offset the costs of any new regulation, according to the report.

Recently, Rubio has received support from a subset of major Republican donors as the party ramps up for the 2016 presidential election.

With just 6 percent of the votes, Rubio came in seventh place in this year's Conservative Political Action Conference's straw poll, despite a second-place showing with 23 percent of the votes during last year's CPAC straw poll.