The Rubio economy: ‘The old ways no longer work’ – FOX 13 News

Conservative Solutions Project, a political nonprofit formed by backers of 2016 Republican candidate Marco Rubio, said Monday it has collected $15.8 million since it was established previous year.

“The race for the future will never be won by going backward”, Mr. Rubio said.

Rubio criticized the country’s current tax system for being unfavorable to large corporations and small businesses alike, a factor that he said contributes to companies shifting their employees and headquarters overseas.

He said he will put a ceiling on the amount US regulations “can cost our economy”, saying that such federal regulations have cost the economy $771 billion since 2008 (though his written speech at least did not mention the source of those numbers). He said that Clinton “argues the economy is rigged in favor of wealthy interests”, but has no plan to address the “massive regulatory apparatus” that is “doing the rigging”. Marco Rubio, R-Fla., shakes hands with Beverly Bruce, Romney’s New Hampshire finance chairwoman in 2012, as they talk with 2012 GOP presidential nominee Mitt Romney, and his wife Ann, at the end of the the Fourth of July parade, Saturday, July 4, 2015, in Wolfeboro, N.H. The 44-year-old Rubio does not name Republican ex- Florida Gov. Jeb Bush or Democrat Hillary Clinton in excerpts of his remarks released to The Associated Press, yet he cites the years that the Bushes and Clintons governed.

“The result is that many young people are graduating with mountains of debt for degrees that will not lead to jobs, and many who need higher education the most – such as single parents and working adults – are left with few options that fit their schedules and budgets”.

“We don’t need cautious modifications in the old system”.

Rubio concluded by telling those in attendance that the USA was on the doorstop of the future and if they were ready to move forward into a new age and embrace the challenges, and opportunities, he was their candidate.

One cornerstone of the speech-and Mr. Rubio’s campaign-was his vow to revamp the higher-education system by expanding access to trade schools and for-profit colleges and making it easier for students to secure federally protected loans.

Rubio’s economic speech comes a month out from the first Republican presidential debate on August 6 in Cleveland.

“The first Cuban-American to have a plausible chance to become president of the United States is the island’s least favorite son”, the article stated.