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.

Federalism Isn’t a Relic — It’s America’s Political Shock Absorber

The resistance movement in Minneapolis is a glimpse of future conflict over the expansion of federal power, federalism, and the essential role of states.

Republican Voter Surge Shocks!

"Young and minority Americans, including Gen Z and Gen Alpha, are shifting from left to right, influenced by figures like Kirk, Presler, and Minaj."

John Fetterman, The Last Moderate Democrat

Sen. John Fetterman has emerged as a moderate Democrat, breaking with his party on voter ID, Israel, DHS funding, and other key policy issues.

Ghislane Maxwell’s 9/11 ‘Shadow Commission Invitation’

Why was socialite Ghislaine Maxwell — not an engineer, security expert, official, or even American-born — invited to a secret 9/11 shadow commission?

America’s Most Sacred Right: The Vote

If you are an American citizen, it is imperative that you understand that the right to vote is the most important right you possess.

Rev. Jesse Jackson Dies Aged 84

U.S. civil rights leader Rev. Jesse Jackson has died aged 84, according to a Feb. 17 announcement by his family.

2 High-Profile Transgender Surgery Cases Head to Trial

Two high-profile detransitioner cases involving women surgically altered as teens are headed to trial in 2027, raising legal and medical questions nationwide.

New Research Suggests Cause of Rare Blood-Clotting Side Effect From COVID-19 Vaccine

New research published in The New England Journal of Medicine suggests the cause of a rare blood-clotting side effect came from the COVID-19 Vaccine.

Fed’s Bowman Signals New Mortgage Capital Rules for US Banks

The Federal Reserve plans to release a revised Basel III Endgame framework, potentially introducing new mortgage capital rules for U.S. banks.

DOGE Says It Helped Terminate Billions of Dollars in New Contracts

DOGE helped terminate hundreds of contracts in the past month or so, providing the first public update on its work in more than a month.

Trump Admin Unveils Maritime Action Plan to Revive US Shipbuilding

The Trump administration unveiled a comprehensive Maritime Action Plan on Feb. 13 meant to resurrect the U.S. shipbuilding sector.

Trump Says US Military ‘Best-Trained, Best-Equipped’ Under His Administration

President Donald Trump highlighted military successes and investments during a speech to soldiers in Fayetteville, North Carolina.

Trump Says 2nd Carrier Group to Middle East Will Be Leaving Soon

Trump told reporters he is sending a second U.S. aircraft carrier strike group to the Middle East, in case ongoing negotiations with Iran fall through.
spot_img

Related Articles

Popular Categories

MAGA Business Central