Since joining the Senate, Marco has worked tirelessly to help Florida businesses compete in the 21st-century economy. Marco knows that cutting taxes and reducing regulations is key to assisting Florida businesses—especially our 2.3 million small businesses—create jobs and increase wages for all workers. Which is why he supported the recently enacted Tax Cuts and Jobs Act, a landmark tax reform bill signed into law by President Trump.
Marco also prioritizes helping working people who have been left behind by changes a rapidly transforming economy. Many working men and women have been hurt by the economic restructuring that we are going through—automation, outsourcing and all sorts of changes in the American economy. Marco is fighting for these people by offering solutions such as an expanded child tax credit and job retraining.
A child tax credit that can be applied against payroll taxes would go a long way towards boosting incomes for working moms and dads at the lower end of the income scale. Job training and re-training would help people acquire the skills necessary to thrive in the new economy.