(Bloomberg) — U.S. businesses, families and high-income households would see significant tax cuts under a plan outlined Wednesday by Marco Rubio, the Florida senator and potential 2016 Republican presidential candidate.
The proposal, offered with Senator Mike Lee of Utah, would reduce marginal tax rates, let businesses write off investments immediately and create a $2,500 tax credit for children. It would also eliminate taxes on capital gains and dividends for corporate shareholders.
"The goal of this plan is to generate growth," Rubio said at a news conference at the Capitol in Washington.
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