Sen. Marco Rubio, R-Fla., doesn’t think highly of President Barack Obama's visit to his state to offer a defense of the "Buffett Rule." The rule proposed by Obama and named after billionaire Warren Buffett would raise taxes for many people earning more than $1 million a year.
Obama is giving a speech on behalf of the rule at Florida Atlantic University Tuesday, in addition to attending three fundraisers.
"Today’s presidential visit is a missed opportunity because the ‘Buffett rule’ is little more than an election year political stunt to raise taxes on investors who help create jobs," Rubio said in a statement Tuesday,
The Hill reports. "Without these investors taking risks and investing in new businesses or expanding existing ones, we can’t create new jobs. The Buffett rule is a flawed policy, because it raises taxes on job-creating investment and makes no meaningful dent in our national debt."
The proposal is more about electoral politics than solid policy, Rubio said. "This has nothing to do with putting millions of unemployed Americans back to work and everything to do with the president keeping his job. It has nothing to do with sound economic policy and everything to do with class warfare politics."
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