The tax cuts legislation passed by Congress "has been good for Americans," but it "could have been even better," Sen. Marco Rubio wrote in a column for National Review.
"The central reason why it wasn’t is that in the new economy, it isn’t enough to just cut taxes; you have to cut the right ones," Rubio, R-Florida, wrote for the conservative outlet.
Rubio remains convinced that a better approach for corporate tax cuts would have been those that targeted helping Americans workers vs. solely American businesses.
"Putting a little bit less priority on a blank-check corporate tax-rate cut, in order to increase the purchasing power and stability of working-class families by increasing the child tax credit, would have been a better guarantee for American families, as I said during the tax bill’s debate," Rubio writes.
"We in the conservative movement need to stop viewing big companies like they’re all General Motors in the 1950s," Rubio writes.
"Conservative principles still work. But they need to be applied to the characteristics of a new and very different economy. Globalization and technology have already disrupted the lives of millions of working Americans," Rubio writes.
"Advances in automation and artificial intelligence are only going to exacerbate these trends. If conservatism is going to be relevant and attractive in the new economy, it needs to understand how much our economy has changed and address the opportunities and the challenges created by these developments," Rubio concludes.
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