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.

How Does MAGA View Operations in Iran?

Can you really call what President Trump is doing as Commander-in-Chief in Iran as a “war” or is it a military operation?

Study: Rate of Sexual Deviancy Directly Proportionate to Pornography Usage

As it happens, it’s not just the frogs that are turning gay. It’s also, according to a new study, porn addicts.

The DROP Act Is An Unprecedented Weapon Of Financial Warfare Against Russia

If the DROP Act passes, Trump could impose sanctions on anyone buying or helping export Russian oil, with limited exceptions under 3 specific conditions.

Stop The Harmful Time Changing Ritual

Except for Arizona and Hawaii, who have year-round standard time, Americans were forced to “spring forward” and lose an hour of sleep on Sunday morning.

The calculus of impunity

Since when does New York City Mayor Zohran Mamdani get to decide what isn’t a crime? Attempting to downplay crime is not part of his job.

Lawsuit Demands Costco Pass Tariff Refund to Customers Who Paid Higher Prices

A Costco shopper filed a proposed class-action lawsuit against Costco Wholesale Corp. alleging retailer is illegally holding potential refunds for tariffs.

Shooting at Old Dominion University Being Investigated as Act of Terrorism

A shooting at Old Dominion University in Virginia is being investigated as a potential act of terrorism, according to FBI Dir. Kash Patel.

White House Disputes ABC Report Claiming Iran Wants to Launch Drones at West Coast

The White House and FBI disputed claims of an internal government alert saying Iran wants to launch drones to attack the West Coast of the US.

US Knows Location of Most Iranian Sleeper Cells Inside America, Trump Says

President Donald Trump said on March 11 that his administration knows the location of most Iranian sleeper cells in the United States.

US, Russian Delegates Meet in Florida on March 11

President Trump’s representatives held talks with a Russian delegation in Florida on March 11, U.S. special envoy to the Middle East Steve Witkoff said.

US Knows Location of Most Iranian Sleeper Cells Inside America, Trump Says

President Donald Trump said on March 11 that his administration knows the location of most Iranian sleeper cells in the United States.

Trump Appoints Erika Kirk to Air Force Academy Board

President Trump has appointed Erika Kirk, widow of the late Charlie Kirk, to serve on the Air Force Academy’s Board of Visitors, according to the White House.

Trump Says War in Iran Is ‘Very Complete,’ Far Ahead of Schedule

President Trump said that the U.S. operation against Iran is “very complete,” giving an indication that the one-week-long war is coming to an end soon.
spot_img

Related Articles

Popular Categories

MAGA Business Central