Joining Glenn's radio program Friday, presidential hopeful Marco Rubio answered a series of rapid-fire questions about the economy.
Disappointed with the past debate - which he said he wished focused more on the economy - Rubio expressed his support for Glenn's proposed #BlazeDebate, saying, "I'm ready. Let me know where it is and I'll be there."
In the rapid-fire Q & A, Glenn asked Rubio where he stood on issues such as income tax cuts, a flat tax and abolishing the IRS.
Watch or read below for his responses.
Below is a rush transcript of this segment, it might contain errors.
GLENN: Marco Rubio is joining us now. 2016 presidential hopeful and US senator from the great state of Florida.
Hello, Marco, how are you, sir?
MARCO: I'm well. Thanks for having me back on.
GLENN: You bet. How'd you feel about the debate?
MARCO: Well, I wish there would have been more questions about the economy since it was on CNBC. I think I would rather have a debate that you moderate, but are we working on that? Or?
GLENN: Yes, we are working on that. Do we have your support on that, sir?
MARCO: I do. I'm ready. Let me know where it is and I'll be there.
GLENN: Okay. Good.
All right. Let me go through some economic rapid fire with you. Okay?
GLENN: Should income tax rates be cut across-the-board for every taxpayer?
MARCO: Absolutely, especially for those that are paying — a lot of people, their small business pay on the personal rate. They're getting creamed by the tax rate.
GLENN: Would you support a flat income tax?
MARCO: I think that's ideal. Obviously the plan I propose is even flatter. It goes from seven rates to three, and I do have a flat tax for business.
GLENN: You have a flat tax for business —
MARCO: Yeah, 25 percent — no higher than 25 percent for all business income. That includes, you know, passthrough companies. Like, somebody owns a business, you're an S corporation, so you're paying on your personal rate, which could be as high as 39.5 percent. Meanwhile, some big company, that's subchapter C, you're paying sometimes zero because of tax exemptions and all kind of cronyism.
GLENN: This is actually a Mike Lee package, is it not?
MARCO: It is. And it's also pro-family. We increase the pro-child tax credit for working families. We allow immediate and full expensing of any investment you make in your business. We eliminate double taxation on investment. I've worked on it with Mike, and we introduced it about six months ago.
GLENN: Now, I've talked to Mike about abolishing the IRS. What do I need to do — let me go back and talk to my manager, what do I need to do to talk you into abolishing the IRS?
MARCO: The problem with it — I mean, that's always in conjunction with the fair tax, which would be a national sales tax. Which I've always said, if you were to start country from scratch, that's what you want to do, is a consumption tax. I actually tried to do that in Florida with the property tax.
The problem is, you have to abolish the income tax in the Constitution. You cannot leave an income tax open because what will happen is, they'll get the sales tax, and then some future Congress will come in and say, hey, why don't we add a small income tax on top of it. And they'll keep growing it from there.
GLENN: That's my problem with the VAT tax.