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Financial Planning > Tax Planning

Trump ‘Very Sure’ Rubio Will Vote ‘Yes’ on Tax Bill

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President Donald Trump said he’s “very sure” Senator Marco Rubio will vote to pass tax legislation next week — despite the Florida Republican’s threat to oppose it unless there are further enhancements to the child tax credit.

“I think that Senator Rubio will be there,” Trump said during a White House event about the administration’s broad deregulation plans. “Very sure.”

Rubio has said he wants more than $1,100 worth of an expanded child tax credit to be refundable — a measure that would mean larger benefits for working-class parents. He and Senator Mike Lee, a Utah Republican, proposed such an expansion earlier this month — to be paid for by increasing the proposed corporate tax rate less than 1 percentage point — but their colleagues rejected that provision.

Lee is currently “undecided” on the tax legislation, his office said. He “continues to work to make the CTC as beneficial as possible to American working families,” spokesman Conn Carroll said in an email.


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