Larry Kudlow

The run-up to the presidential election is really a debate about growth and taxes, Sen. Marco Rubio of Florida told CNBC on Monday.

“Growth helps the debt be more manageable, unemployment, all of these things,” he said in an interview on “The Kudlow Report.”

“Tax increases do not lead to growth,” he said. “The reason why I oppose increases in taxes is not some religious objection, or even an ideological one. It is the knowledge that increasing taxes discourages growth.”

Rubio said that taxes remove money that was going to be spent into the economy. “When the government spends that dollar, they’re going to be a lot less efficient, a lot less stimulative,” he said.

Rubio, who is being considered a vice presidential running mate by presumptive Republican nominee Mitt Romney, also spoke about the debt crisis, health care and Arizona’s controversial immigration law, on which the U.S. Supreme Court ruled Monday.




Larry Kudlow

Lawrence Kudlow is host of CNBC’s “The Kudlow Report,” which airs nightly from 7 p.m. to 8 p.m.