Tuesday, December 12, 2017
The Buzz
  • The Buzz
  • From the staff of the Tampa Bay Times

Marco Rubio should fight for better child tax credit, group says

WASHINGTON – Sens. Marco Rubio and Mike Lee should use leverage to force negotiators to include their proposal to increase the child tax credit, a prominent group said Wednesday.

"During the Senate debate, the Senate rejected the Rubio-Lee amendment, but now that the bill is in a conference committee with the House, the only route for Senators Rubio and Lee is to use the leverage of their votes to secure this change — as Senator Johnson did to secure a larger tax cut for wealthy investors. Otherwise, Republicans will cement their choice to pass a $1.5 trillion tax bill without providing virtually any meaningful relief to the lowest-income working families," wrote Chuck Marr, director of federal tax policy for the left-leaning Center on Budget and Policy Priorities.

"Adopting the Rubio-Lee amendment wouldn't fix either the Republican tax bill's extreme tilt to the top or its fiscal profligacy, nor would it change the fact that key congressional Republicans are already saying they will seek to pay for their tax cuts next year by cutting programs that support low-income working families. But this modest change would allow millions of low- and moderate-income working families to fare somewhat better."

Rubio and Lee proposed setting the corporate tax rate at 22 percent, not 20 percent, to make for a more generous child tax credit for moderate and lower income families. They later changed it to 20.9 percent. But the Senate rejected the plan.

Rubio still voted for the overall deal, even though he could have taken a more forceful stand.

But then President Donald Trump suggested the corporate tax rate, currently 35 percent, could go up a bit.

We have asked Rubio's office for comment.

From Marr's blog post:

Even under the Rubio-Lee proposal, low-income working families would see far smaller CTC increases than families at higher income levels. But unlike the current bill, the Rubio-Lee proposal offers many of these 26 million children a more meaningful increase in their CTC. Starting with their first dollar of earnings, parents would qualify for a CTC of 15.3 cents per dollar of earnings — enough to offset the payroll taxes that workers face on their wages (including both the employee and employer shares).  Consider just a couple of examples:

A single mother with two children who works full time at the federal minimum wage as a home health aide would receive a $494 CTC increase under the Rubio-Lee proposal, or $247 per child. That's far less than the Senate bill's CTC increase of $1,000 per child but more meaningful than the $75 she'd receive under the Senate bill (and the $0 she'd get under the House bill).

A married couple with two children and earning $24,000 would receive a $1,672 CTC increase under the Rubio proposal — close to the Senate's full increase of $1,000 per child and far better than the $200 they'd get under the House and Senate bills.

Comments
Trump picks Bush ally Frank Brogan to be assistant secretary of education

Trump picks Bush ally Frank Brogan to be assistant secretary of education

President Donald Trump has named Frank Brogan, one of closest allies of his campaign rival Jeb Bush, to be the assistant secretary of education for elementary and secondary education.Brogan, 64, a former Martin County fifth grade teacher and schools ...
Updated: 1 hour ago
Women in Florida politics fear #MeToo moment will backfire

Women in Florida politics fear #MeToo moment will backfire

As Florida's politically powerful men fear becoming targets of sexual harassment allegations, the new-found awareness of a male-dominated Legislature has come with a cost: women are collateral damage.Female staffers and lobbyists who returned to the ...
Updated: 7 hours ago
Want to fight voter fraud in Florida? Here’s an easy way, experts say

Want to fight voter fraud in Florida? Here’s an easy way, experts say

Voting experts from Alabama to West Virginia urged Florida Monday to join 20 other states in a partnership to scrub its voter rolls before the next statewide election in 2018.At a conference in Tallahassee, experts emphasized the benefits of data-sha...
Updated: 8 hours ago
UPDATED: Florida House Speaker tight-lipped about aide secretly moonlighting for lobbyist consultant

UPDATED: Florida House Speaker tight-lipped about aide secretly moonlighting for lobbyist consultant

Florida House Speaker Richard Corcoran has cast himself as champion of ethics and transparency, a bulwark against special interests in Tallahassee. But he tells The Buzz he has no concerns about his communications director having secretly worked for ...
Updated: 9 hours ago
Ashley Moody unveils powerhouse finance team in bid for AG

Ashley Moody unveils powerhouse finance team in bid for AG

Former Hillsborough Circuit Judge Ashley Moody got the support from incumbent Florida Attorney General Pam Bondi before she even officially announced for the job.Even with three other Republicans in the race — Jay Fant, Ross Spano, Frank W...
Updated: 12 hours ago
Trump golfs with Lindsey Graham in Palm Beach

Trump golfs with Lindsey Graham in Palm Beach

President Donald Trump played golf Sunday with Sen. Lindsey Graham at Trump International Golf Club.They discussed "the tax cuts and reform legislation and the importance of fully funding our national security needs in upcoming government spending ne...
Published: 12/10/17
Winner and loser of the week in Florida politics

Winner and loser of the week in Florida politics

Winner of the weekPhilip Levine. Money matters immensely in statewide Florida campaigns, and little-known Miami Beach businessman Levine is blowing out his Democratic rivals with nearly $7 million raised to date compared to roughly $4 million by nomi...
Published: 12/10/17
Democratic candidates for Governor react to the election of new state party chair Terrie Rizzo

Democratic candidates for Governor react to the election of new state party chair Terrie Rizzo

The Florida Democratic Party elected a new chair Saturday. Here's how the candidates vying for the party's 2018 nomination for governor reacted:Andrew Gillum:"Congratulations to Terrie Rizzo on her victory as the new Chair of the Florida De...
Published: 12/09/17
Updated: 12/10/17
Rizzo named new chair of Florida Democratic party

Rizzo named new chair of Florida Democratic party

ORLANDO, Fla. — The head of the Palm Beach Democratic Party has been elected as leader of the state party, less than a month after the former chairman resigned.Terrie Rizzo was elected as the new chair of the party during the group's state conf...
Published: 12/09/17
DeSantis, still eyeing higher office, plays up ties to Trump

DeSantis, still eyeing higher office, plays up ties to Trump

Conservative Congressman Ron DeSantis issued a news release Saturday that had a campaign flavor as he touted his appearance with President Donald Trump in Pensacola.DeSantis, widely considered to be exploring a run for governor, flew on Air Force One...
Published: 12/09/17