Rubio calls on GOP to change name and divorce big companies

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Sen. Marco Rubio (R-Fla.) Will call on Republicans to break with big business when he addresses the National Conference on Conservatism on Monday, Axios has learned.

Why is this important: Rubio is seeking re-election in one of the most publicized and expensive races of the 2022 cycle. He uses this rhetoric to differentiate himself from mainstream economic conservatism by portraying himself as one of the main supporters of the working class.

  • “There would be a lot less madness in American companies if the people who vote for their actions were in fact firefighters and teachers, rather than their union bosses or Wall Street,” Rubio will say, based on a prepared text. of his remarks.
  • “Promising to further reduce regulations and corporate taxes will garner applause from campaign donors and rave reviews in the stock market-focused media.”
  • “But that leaves millions of hard-working Americans who do not want a ‘waking’ socialist America speechless in our politics and without answers to their problems.”

The big picture: Among those vying for the Florida Democratic Senate nomination is Rep. Val Demings (D-Fla.). If Rubio were re-elected next year, his victory and branding would help him position himself for another potential presidential election in 2024.

  • The speech also provides insight into how some Republicans will approach the midterms and 2024: criticizing the Biden administration and the Democrats’ adoption of so-called “Marxist-style” policies.
  • The Orlando, Florida conference will also host other prominent Republicans.
  • They include Sens. Ted Cruz (R-Texas) and Josh Hawley (R-Mo.), Both potential 2024 presidential candidates, Ohio Senate candidate JD Vance, and tech billionaire and GOP booster Peter Thiel.

Details: Rubio’s speech is titled “We Need Corporate Patriotism to Defeat American Marxism”.

  • He will demand that corporate boards be committed to the national interest of the United States and be free from conflicts of interest with countries like China.
  • Rubio will contrast this with what he says is “the requirement that the board of directors of companies be sufficiently ‘diverse’, like what the Biden administration advocates.”
  • “The hardest part,” Rubio should say, “is how to take power away from large institutional shareholders who use the savings of ordinary retirees to promote ‘awakened’ policies in companies by voting for them in company elections. . “
  • He will argue that the solution is for institutional shareholders to cast the votes of their clients – like the firefighters and teachers he described – instead of voting on their behalf.
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