Rubio’s Spending Cuts Plan: End Tax Benefits For The Middle Class While Extending Them For The Rich

Earlier this month, Florida GOP U.S. Senate candidate Marco Rubio unveiled his economic plan which is basically just a double-down on the Bush tax cuts with, as the Wonk Room’s Pat Garofalo noted, “an unspecified corporate tax cut thrown on top for good measure.” How does Rubio plan to pay for all these tax cuts? His campaign “couldn’t give an answer.”

Today, Rubio laid out a new plan to cut spending — “12 Simple Ways To Cut Spending,” his campaign calls it. The plan contains many ideas that would do very little in terms of paying down the debt and reducing the deficit — including eliminating earmarks, reducing the size of the federal bureaucracy, and cutting Congressional and White House budgets. Others are outright gimmicks, such as allowing taxpayers to allocate taxes to the debt and calling for a balanced budget amendment.

But also, Rubio — like some of his colleagues on the right — wants to end the stimulus program:

• IDEA #4: End The Stimulus Program And Use The Savings To Cut The Debt. We must end the wasteful stimulus program that has failed to create jobs. Stimulus money that has not been spent should be used for something that will actually help the economy and create jobs, or to pay down the debt. Canceling unspent stimulus funds could save over $300 billion.

Full Story: Think Progress » Rubio’s Spending Cuts Plan: End Tax Benefits For The Middle Class While Extending Them For The Rich.