New analysis says Rubio's tax plan is still overwhelmingly tilted towards the wealthy

Rubio tax plan analysis shows benefits for the wealthy.

(Image credit: Getty Images)

published 12 February 2016

The Tax Policy Center (TPC) released its take on Marco Rubio's tax plan on Thursday. They concluded it would overwhelmingly benefits top earners the most, largely because it greatly reduces taxes on wealth income. And maybe eliminates them entirely — it's unclear.

Which brings up another point the analysis highlights: details matter.

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How refundability would work has massive implications for who Rubio's tax plan would help the most. The TPC said Rubio's people didn't provide them the necessary details, so they went with assumptions based on the Rubio campaign's assertion that "our reforms would not create payments for new, non-working filers." Here are their results, in terms of the percent change in people's after tax income. ("Lowest quintile" means the bottom fifth of workers, "second quintile" means the second-lowest fight, and so on.)