Sen. Marco Rubio (R-Fla.) had a rare moment of honesty on Monday when he said he thinks big corporations, thus killing the idea that Reaganomics is good for the American worker.
“There is still a lot of thinking on the right that if big corporations are happy, they’re going to take the money they’re saving and reinvest it in American workers,” Rubio said in an interview. “In fact, they bought back shares, a few gave out bonuses; there’s no evidence whatsoever that the money’s been massively poured back into the American worker.”
Rubio’s statement reflects how many working-class Americans have felt since the tax break. In a recent poll, over half of registered voters claim that they haven’t noticed any increase at all in their paychecks as a result of the new tax law, and the support for the law has been slowly dwindling.
Rubio has seemed to break from the Republican mantra pure market markets, saying that we can’t trust them to reduce inequality alone.
“Government has an essential role to play in buffering this transition,” he says. “If we basically say everyone is on their own and the market’s going to take care of it, we will rip the country apart, because millions of good hardworking people lack the means to adapt.”
Many on the left have been critical of the bill as well, including Sen. Bernie Sanders who released this statement:
“This tax bill is a moral and economic obscenity. It is a gift to wealthy Republican campaign contributors and an insult to the working families of our country. At a time of massive income and wealth inequality this bill would provide the majority of benefits to the top 1 percent and the largest corporations. Unbelievably, at the end of 10 years it would actually raise taxes on millions of middle-class families and, by creating a $1.4 trillion deficit, would pave the way for massive cuts to Social Security, Medicare, Medicaid and other important programs. No member of Congress should vote for this disastrous legislation.”
Is Rubio really mean what he says, or is he just worried that he’ll lose his job to the blue wave?