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Marco Rubio: America isn't in decline, it just has a 'bad president

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In this Jan. 8, 2014 file photo, Sen. Marco Rubio, R-Fla. speaks on Capitol Hill in Washington. Rubio is positioning himself as the leading foreign policy hawk among Republicans considering runs for the White House, pushing for more military spending and greater intervention abroad as the United States confronts Islamic State extremists in Iraq and Syria. (AP Photo/J. Scott Applewhite, File)

Sen. Marco Rubio (R-Fla.) said Wednesday that America has a "bad president" in President Barack Obama, which could be leading some to mistakenly conclude that America's power is fading.

"America is not in decline, we just happen to have a period of time where we have a bad president, but we're going to overcome that," he said at the Heritage Foundation.

Sen. Marco Rubio, R-Fla., attends a Senate Foreign Relations Committee hearing on the nomination of Victoria Nuland to be assistant secretary of State for European and Eurasian affairs, on Capitol Hill in Washington, Thursday, July 11, 2013. Credit: AP Sen. Marco Rubio (R-Fla.) said Wednesday that the United States needs to overcome having a 'bad president.' Image: AP

Rubio has been on the attack against Democrats since he announced his 2016 run on Monday night. In his speech announcing that run, Rubio called Hillary Clinton a candidate from "yesterday."

"Just yesterday, a leader from yesterday began a campaign for president by promising to take us back to yesterday," Rubio said, referring to Clinton. "Yesterday's over, and we're never going back."

Rubio was at Heritage to support a tax reform proposal that he is offering with Sen. Mike Lee (R-Utah). Both senators said their plan would help make it easier for families to afford the cost of raising children, by expanding a child tax credit.

It would also end most deductions in an effort to simply the code, and would lower corporate tax rates in order to keep companies from leaving the United States.

"We have a tax code, for example, that has the highest combined corporate tax rate on the planet," he said. "We can no longer afford to do that, at a time when other nations are going out of their way to become a friendlier environment for business."

Rubio said their plan would plan would help create growth again, and said expanding the economy is key to reducing the $18 trillion in debt the nation as piled up.

"You have to grow your economy ... and second, you have to hold the line on spending," he said. "This plan is the growth side of the equation."

Their plan would take the seven individual tax rates, and whittle them down to just two, 15 percent and 35 percent. Individuals would pay the higher rate on income over $75,000, and joint filers would pay it on income above $150,000.

On Tuesday, Glenn Beck blasted Rubio's plan for allowing a tax rate of 35 percent. Beck said the 35 percent rate is "far higher than many Republicans would like."

Read the Rubio/Lee plan here:

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