GOP senators call out ‘harmful’ tax penalties for married couples in spending bill

5Mind. The Meme Platform
Fox Business

Thirty-three Republican senators wrote to Senate Majority Leader Chuck Schumer, D-N.Y., and Senate Finance Committee Chairman Ron Wyden, D-Ore., calling out the “harmful” tax penalties for married couples in the House Democrats’ $3.5 trillion spending bill.

Sen. Mitt Romney, R-Utah, led a letter with 32 of his Senate Republican colleagues blasting a provision of the House Democrats’ multitrillion-dollar budget reconciliation bill that would impose harsh marriage tax penalties.

Highlighting the financial imposition the bill places on married couples, the senators argued that federal policy “should be designed to foster strong marriages” and warned that the “harmful penalties for marriage” sends “the wrong message” to American families.

“Unfortunately, despite its original rollout as part of the ‘American Families Plan,’ the current draft of the reconciliation bill takes an existing marriage penalty in the Earned Income Tax Credit (EITC) and makes it significantly worse,” the senators wrote.

The senators pointed out that while the EITC is “an important policy tool” that incentivizes work, the measure contains “small, but damaging, marriage penalties.”

“For example, a couple in 2019 with two children where one parent earns $12,000 and the other $30,000 could pay $1,578 more in taxes if they are married — or nearly 4% of their yearly earnings,” the letter reads.

“The reconciliation bill could make the same family significantly worse off,” it continues. “It could nearly double the marriage penalty, costing the same parents $2,713 if they choose to marry.”

“We believe that marriage is a vital social good. It is misguided and unfair for the government to build bigger barriers for couples to marry,” the lawmakers concluded.

Joining Romney on the letter are a number of influential Republicans, including Sens. Mike Crapo of Idaho, John Barrasso of Wyoming, Tom Cotton of Arkansas and Tim Scott of South Carolina.

House Speaker Nancy Pelosi, D-Calif., was unable to get the bipartisan infrastructure bill passed Thursday as talks on the reconciliation bill halted.

By Houston Keene

Read Full Article on FoxBusiness.com

Contact Your Elected Officials
The Thinking Conservative
The Thinking Conservativehttps://www.thethinkingconservative.com/
The goal of THE THINKING CONSERVATIVE is to help us educate ourselves on conservative topics of importance to our freedom and our pursuit of happiness. We do this by sharing conservative opinions on all kinds of subjects, from all types of people, and all kinds of media, in a way that will challenge our perceptions and help us to make educated choices.

Use Immunity, Congress Can’t Handle the Truth on Epstein

Granting Use Immunity to witnesses in the Epstein scandal, as in Watergate, allows the House of Representatives to break the DOJ’s obstruction of justice.

If Republicans Are Divided, Democrats Will Conquer

One GOP House member anonymously told Politico that Republicans could suffer a bloodbath and “lose 60 to 70 seats” in this midterm election.

Election integrity matters

Restoring trust in U.S. elections requires passing the SAVE Act, which mandates citizenship verification and voter ID, because election integrity is essential to American democracy.

WATCH: FBI Director Defends Wholesale Unconstitutional Purchase of Americans’ Big Tech Data

“Society in every state is a blessing, but Government,...

Viral Video Implicates Somalia Rep. Ilhan Omar

"Oh, what a tangled web we weave when first...

TSA Says Most Officers Have Received Back Pay as Some Airport Lines Ease

TSA announced that most of its officers have now received back pay, a move that appears to be easing security lines at airports across the country.

9th US LNG Plant Begins Operations in Race to Replace Production Lost in Iran War

Golden Pass LNG has begun production and is set to export LNG soon, helping offset global shortages after Iran damaged Qatar’s export capacity.

Federal Officials Sue Minnesota for Letting Boys Play on Girls’ Sports Teams

Federal officials on March 30 sued Minnesota over a policy that lets some boys who identify as girls participate in girls’ sports.

African nation calls for Ilhan Omar to be extradited after Vance’s fraud claim

An African nation seeks Rep. Ilhan Omar’s extradition after VP JD Vance alleged in an interview that she committed immigration fraud.

Trump Signals Potential Military Action Coming Against Cuba

Trump again suggested that U.S. military action could be coming against Cuba as economic pressure is placed on the communist-ruled island nation.

US Likely Doesn’t Have to Be There for NATO, Trump Says

President Trump said the U.S. may not need to remain committed to NATO, arguing the alliance has offered little material support in efforts against Iran.

Markwayne Mullin Sworn In as DHS Secretary

Former Oklahoma Senator Markwayne Mullin was sworn in at the White House as the new Secretary of the Department of Homeland Security (DHS).
00:27:39

US Looking to Seize Iranian Defectors’ Money: Bessent

Treasury Sec. Scott Bessent said that the US is moving to seize funds transferred abroad by Iranian defectors, so it can be to returned to the Iranian people.
spot_img

Related Articles

Popular Categories

MAGA Business Central