You're watching...

Sen. Rubio on Democrats Going After Facebook Co-Founder

Details

  • Description

    Sen. Marco Rubio, (R-Fla.), on the need to reform U.S. regulations and taxes to make it more competitive.

  • Duration 3:14
  • Date

Clips

Also in this playlist...

Cavuto

Auto-advance: ON

Auto-advance

Transcript

This transcript is automatically generated

-- -- -- -- FaceBook is going public one of its co founders going.

To another country Eduardo sovereign saving millions attacks by renouncing his US citizens have.

-- -- doesn't like kid says he won't let him get away -- -- a Florida Republican senator Marco Rubio telling me that Democrats like Schumer are making rich folks like sovereign.

Moves.

It's not a fun story to listen to plus one obviously I'm not -- celebrate what he's under the decision that he's made him.

I'm also but I but I think the bigger issue here -- -- we were elected to deal with a big issues not one guy.

And the bigger issue here is that there are people who are increasingly finding it.

More cost effective to invest their money overseas and other countries because the US tax burden is becoming uncompetitive.

And when you add -- that the US regulations that burden it becomes even less competitive and so on the bigger issue and the one we really should be focused on is the fact.

That every single year the US is becoming -- less and less friendly place for some people to do business.

And and people are looking to move their companies and their assets overseas because of that.

Think that's really the issue we should focus on more I'm not excusing what he's done I'm not celebrating and I'm not telling you -- I'm happy about what I've read with -- regards.

To this one person of the decision that he's made.

But I would just policy committee senator Schumer wants to do in other words I'm not he renounces citizenship he's never -- I think.

But I haven't studied that and to decide whether we should go after one person I'm not happy about what I've read and I think I think that's the law now by the way I just think it hasn't been forced.

I think the law now is that if you renounce your citizenship in order.

To avoid paying taxes you're not allowed back in so maybe -- -- -- for the -- to be -- and that's fine with me.

But I don't think that we should be distracted from the big issue.

And the big issue the important one the one that really really matters is the fact that the combination of our taxes and our regulations.

-- making America a harder place to do business while other places are becoming easier to do business and we're losing jobs because of that we have to stop that from happening.

Do you make us senator lately of of -- partners flexing their muscle again they took down.

A US senator Dick Lugar.

They're working on a number of other key contests across the country.

Many have argued that the Tea Party years.

Could upset the Republican parade in other words that if your moderate you're gonna be malls even if it means.

A Democrat coming in.

Well look I I think first of all people of continue to fundamentally misunderstand with the Tea Party movement is.

It's not a political organization -- is a sentiment that it's found -- voice across our country and that's people that are frustrated with both parties.

With people to come up here claiming to be one thing and and behave another way when they think no one is looking.

They're frustrated the government has not dealt with these issues that we're facing and Medicare program that's that -- -- on the verge of going bankrupt.

-- federal government that spends one and a half trillion dollars more than it takes then.

The urgent issues of the day that no one is addressing they are frustrated by the -- sentiment has been around for awhile now and it's not gonna go away any time soon certainly not -- these issues are addressed.

So yes -- election after election you're gonna continue to see that sentiment play out and I think that's what you're seeing.

-- and by the way I don't think that this is a Republican movement I think this is a movement of everyday people from all walks of life.

Who are frustrated of both political parties and want to send people up here that will that we'll speak clearly on these issues and do something differently.

And I think that -- be a factor in this election I think it'll be a factor in American political life for some time to come.