Marco Rubio finished with a strong third place showing at the Iowa caucus, but after a disappointing debate performance, he under performed in the GOP New Hampshire primary earlier this week. Rubio prides himself on being a conservative, but a recent analysis of his proposed economic plan takes issue with his claims.

Rubio's tax plan

In a report released by the Urban-Brookings Tax Policy Center (TPC) on Feb.

11, Rubio's tax plan would add to the federal debt by decreasing federal revenue by $6.8 trillion over the next decade. Breaking down the plan, the TPC notes that the wealthiest individuals and corporations would benefiti the most.

Rubio outlines an economic plan that would cut taxes for the top income bracket, lowering the rate from 39.6 percent, down to 25 percent. Corporations would see their taxes drop down to 25 percent, while the capital gains tax would be eliminated for individual investors, reducing federal revenue even further. An estimated half of all of the lost revenue would come as a result of corporate and business tax cuts.

It's good to be rich

On the campaign trail, Democratic candidate Sen. Bernie Sanders has made income inequality a common theme. The proud democratic socialist speaks about the redistribution of wealth from low and middle income Americans to a select few at the top, most importantly the top one tenth of one percent.

According to the TPC analysis, individuals in the top 0.1 percent would have their taxes cut by more than $900,000 a year.

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Donald Trump

Average Americans would only see a modest cut in their taxes, with those in the lowest income bracket only getting an average tax cut of $250. While the first 10 years of Rubio's plan would reduce revenue by nearly $7 trillion, the following decade would hit the national debt even harder. Economists at the TPC predict that in a hypothetical second decade under Rubio, federal revenue would be reduced by at least $8 trillion.

Looking forward

Though Rubio stumbled out of the Granite State, the Tea Partysenator from Florida is hoping to rebound in South Carolina during the next primary on Feb. 20. According to Real Clear Politics, Rubio is sitting in third place in the Palmetto State, with 12.7 percent support, behind front runner Donald Trump and Texas Sen. Ted Cruz.

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