Changes

*===A Pro-Growth, Pro-Family Tax plan [https://marcorubio.com/2015/10/01/rubio-tax-plan/ (MRWTR)]===**Simplify the tax code to reduce the number of brackets from seven to three [https://marcorubio.com/2015/10/01/rubio-tax-plan/ (MRWTR)]**Unorthodoxically wants to keep the tax rate ~35% for the top household income earners (Politico) **Rubio plans to get rid of the tax burdens on dual earning married couples [https://marcorubio.com/2015/10/01/rubio-tax-plan/ (MRWTR)]**Wants to repeal ObamaCare and all associated $1 trillion in taxes[https://marcorubio.com/2015/10/01/rubio-tax-plan/ (MRWTR)]**Wants to create a partially refundable Child Tax credit of up to $2500 per child that phases out above an individual income of 150k and a joint income of 300k[https://marcorubio.com/2015/10/01/rubio-tax-plan/ (MRWTR)]**Eliminates all itemized deductions and tax “extenders” [https://marcorubio.com/2015/10/01/rubio-tax-plan/ (MRWTR)]**Charitable contribution deduction and mortgage interest deduction available for all[https://marcorubio.com/2015/10/01/rubio-tax-plan/ (MRWTR)]**Implements a single $2500 universal tax incentive for post secondary education or job skill training under the 400-500% threshold of the federal party line [https://marcorubio.com/2015/10/01/rubio-tax-plan/ (MRWTR)]

*===Businesses and Corporations===**Marco Wants to cut taxes for small business to 25% down from the current tax rate of 35% [https://marcorubio.com/2015/10/01/rubio-tax-plan/ (MRWTR)]**Wants to implement a tax credit to any business offering between four and twelve weeks of paid family leave [https://marcorubio.com/2015/10/01/rubio-tax-plan/ (MRWTR)]**Rubio’s plan aims to allow for immediate expensing of capital expenditures [https://marcorubio.com/2015/10/01/rubio-tax-plan/ (MRWTR)]**Wants to reduce the double taxation of corporations doing business overseas [https://marcorubio.com/2015/10/01/rubio-tax-plan/ (MRWTR)]**Aims to eliminate the federal estate tax that penalizes family owned farms and businesses [https://marcorubio.com/2015/10/01/rubio-tax-plan/ (MRWTR)]**Interest income would not be taxable [https://marcorubio.com/2015/10/01/rubio-tax-plan/ (MRWTR)]**Provides a transition period, which requires a one-time booking of investment at current law capital gains and dividend rates, minus the 3.8% investment tax hike from ObamaCare [https://marcorubio.com/2015/10/01/rubio-tax-plan/ (MRWTR)]