Rubio’s Tax Plan Doesn’t Add Up

Jonathan Chait notes that Marco Rubio’s tax plan “would reduce federal revenue by $11.8 trillion over the next decade. The entire Bush tax cuts cost about $3.4 trillion over a decade, making the Rubio tax cuts more than three times as costly.”

“Among the Republican presidential candidates, Rubio is widely considered to be a moderate on fiscal issues. The clarity with which we can now examine Rubio’s plan, juxtaposed against recent events, provides a sense of the ongoing relationship between the Republican Party and economic reality. It remains deeply hostile.”