Refocusing taxes around working families could be good politics for the GOP. In a sweaty summer for the stock market, the Dow climbed to a record high in July, after President Donald Trump signaled he would consider a trade deal anew with China and amid optimism that the Federal Reserve would cut rates. It should have been heady, unapologetic times for the Grand Old Party, with numbers that typically signal a winning economy — including record-low unemployment — under a Republican presidency. Only, Sen. Marco Rubio wasn’t happy. While the New York Stock Exchange was ringing its opening bell on the longest bull market in history, the Florida Republican senator was pulling the fire alarm. In a 40-page report he released in May, Rubio warned that “behind recent positive numbers, there is plenty that isn’t working the way it should.” Then, he turned more pointed. “Business investment, one of the most basic economic activities of the free enterprise system, is declining.” On Twitter, he railed against the “financialization” of the economy that emphasized the stock market over ordinary people. |