Following Hurricane Helene’s catastrophic damage throughout Florida’s gulf coast, U.S. Senator Marco Rubio (R-FL) met with the Florida Farm Bureau as well as local agricultural producers, farmers, and growers to discuss the storm’s impact. Photos are courtesy of...
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Photos: Rubio Visits Barrier Islands Post-Hurricane Helene
Following Hurricane Helene’s catastrophic damage throughout Florida’s Gulf Coast, U.S. Senator Marco Rubio (R-FL) met with local officials and volunteers from the barrier islands to discuss the storm’s impact and current recovery efforts. Photos are courtesy of...
Rubio, Scott, Florida Colleagues to POTUS: Expedite Resources to Floridians
Hurricane Helene made landfall as a Category 4 storm, causing catastrophic damage along Florida’s Gulf Coast. It’s crucial for the federal government to expedite state-requested resources and authorize key policy flexibilities in order for Floridians to make a swift...
Rubio Staff Hosts Hurricane Helene Recovery Assistance
U.S. Senator Marco Rubio’s (R-FL) office will host two in-person events to assist constituents affected by Hurricane Helene and help navigate applications for FEMA assistance. Food, water, and additional resources will be available at the events. Event...
Next Week: Rubio Staff Hosts Mobile Office Hours
U.S. Senator Marco Rubio’s (R-FL) office will host in-person and virtual Mobile Office Hours next week to assist constituents with federal casework issues in their respective local communities. These office hours offer constituents who do not live close to one of...
Rubio, Scott Urge FEMA to Expedite Hurricane Reimbursements
Following the impacts of Hurricanes Helene and Debby, some local governments in Florida face looming budget shortfalls that could disrupt disaster recovery efforts. If these local governments receive reimbursements for past hurricanes from the Federal Emergency...
Rubio And McCain Introduce The Debt Buy-Down Act Of 2011 In The Senate
Washington, D.C. – Today, U.S. Senators Marco Rubio (R-FL) and John McCain (R-AZ) introduced the Debt Buy-Down Act of 2011, which would require the Internal Revenue Service (IRS) to include a check-off on tax forms providing taxpayers the flexibility to voluntarily designate that up to 10 percent of their tax liability be put toward debt reduction – this bill does not ask taxpayers to sign away any part of their potential federal refund. Senator McCain has introduced the Debt Buy-Down Act in previous Congresses and a companion bill has been introduced in the House as well.
“At a time when too many of our congressional leaders are unwilling to deal with the debt crisis, and our President is absent from the debate, this will give individual Americans the chance to deal with it themselves. This is the type of innovative solution we need in Washington to empower taxpayers when too many politicians would rather focus on the next election than a $14 trillion debt spiraling out of control,” said Senator Rubio.
Under the Debt Buy-Down Act of 2011, Congress would have an opportunity to pass spending reductions equal to the amount of debt reduction designated by taxpayers. If they fail to do so, the spending reductions are gained via an across-the-board cut in program spending levels – with exceptions for Social Security benefits, benefits for the uniformed services, and payments for net interest.
In order to ensure that those taxpayer-generated reductions in the debt are protected, the bill also requires an equal amount of permanent reductions in federal spending. And it establishes a trust fund in which to put those funds pending their use to retire debt obligations.
In 2010, as part of his 12 simple ways to cut spending in Washington, Senator Rubio said he would support proposals to put a check-off box on the federal tax form allowing taxpayers to designate up 10 percent of their existing tax bill to go toward paying down the national debt.