The Rubio Economy: 'the Old Ways No Longer Work'

CHICAGO (AP) — With an eye on the future, Florida Sen. Marco Rubio is laying out his plans for an "innovative economy" and "revolutionized higher education system" in his first major domestic policy speech as a presidential candidate. The forward-looking theme of Rubio's address mirrors that of his entire campaign, which helps distinguish himself from leading competitors in both parties whose families have been mainstays in American politics for decades. While he has yet to release specifics, an aide said Rubio would detail an "innovation agenda" focused on tax reform that includes a lower corporate tax rate, the establishment of a "territorial tax system" and allowing "immediate 100 percent expensing for businesses," which allows businesses to take deductions for capital investments all at once.

Topics:  chicago ap     with   florida sen marco rubio   american   rubio   economy   tax   system   businesses   
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