Rubio calls swap 'potential recipe for disaster'
House Speaker Marco Rubio says he has always viewed the revenue cap and tax swap as working in concert. But now that the cap has been killed by the Taxation and Budget Reform Commission, Rubio says the swap is "a potential recipe for disaster."
It's a marked difference from last month, when Rubio excitedly promoted the swap plan before the Taxation and Budget Reform Commission. "You're our last hope," urged Rubio, who appointed seven of the 25 members. "If you’re waiting on the Florida Legislature to cut taxes, it isn't going to happen."
But Rubio told reporters this afternoon that the swap must work with a cap on government revenue. Otherwise, governments could get creative in raising fees or taxes to get more money, he said.
Asked if the swap should be taken off the ballot -- a vote the TBRC will make later this week -- the Miami Republican said, "I'm very concerned there is a swap without a cap. If you're not going to do a revenue cap, you shouldn't do a swap."