U.S. Sen. Marco Rubio, who previously sketched out a plan to reduce corporate and individual taxes, on Friday added a new tax-linked paid-leave policy.
Rubio, a Republican from West Miami, Fla., who is running for the GOP presidential nomination, spoke before the Values Voter Summit in Washington, including his proposal in a presentation that highlighted his family’s story and noted that “the American Dream that my family achieved is slipping out of reach for too many.”
His proposed policy is designed to encourage paid family leave without the use of “harmful government mandates,” his campaign said.
According to Rubio’s campaign, the proposal would:
--Provide a 25 percent non-refundable tax credit for businesses that voluntarily offer at least four weeks of paid family leave, limited to 12 weeks of leave and $4,000 per employee each year.
--Be adaptable to all employee arrangements, including part-time work.
--Be available for new parents; caretakers of sick parents, spouses and children; and military families.
An example offered by Rubio in announcing his plan: “If you are offered $1,600 in paid leave for four weeks while you take care of your newborn, which would be the equivalent of about $10 an hour, your employer could claim a tax credit for $400.”
He added: “This won’t solve every scheduling conflict between work and family life. No policy can. But it will help ensure that our people don’t have to sit behind a desk while the most profound moments of their lives pass them by. And it will help our businesses expand and create new jobs by allowing them to keep more of their money rather than send it to Washington.”