A universal rubber bushing-extracting tool includes a threaded rod and two pushing units. Each of the pushing units includes a nut, a mount, a bearing and two pushers. The nut is engaged with the threaded rod. The mount includes at least two slots defined therein. The bearing bears the mount on the nut. Each of the pushers is movably located in a related one of the slots. The pushers of one of the pushing units push an internal ring of a rubber bushing and the pushers of the other pushing unit push an external ring of the rubber bushing.