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.

‘Social Infertility’: Where Biomedical Profiteering Intersects Social Justice™

“The global surrogacy* market was estimated at USD 22.4 billion...

Were The Brits Behind Bloomberg’s Russian-US Leaks?

Bloomberg shared alleged call transcripts between Trump envoy Steve Witkoff and top Putin aides about discussions on the Ukrainian peace process.

Flipping the Script: When Democrats Project Their Own Instability 

Alexandria Ocasio-Cortez, the most erratic, inconsistent, and emotionally incontinent political figure in recent memory, isn’t tweeting from Mar-a-Lago.

This is Your Brain on Plastic, a Literature Review

Microplastics in the air, land and sea migrate into every organ where they burrow and from which they cannot feasibly be eliminated or degraded.

Irresolute Resolutions

"We need a government that lives within its means, focused on debt reduction, with strict limits on spending and baseline budgeting."

Afghan Parolee Charged With Terroristic Threat

The case, in addition to a recent shooting of...

National Guard Shooting Suspect to Be Charged With First-Degree Murder, Pirro Says

Charges will be upgraded to first-degree murder after one of the two National Guard members shot this week died, the U.S. attorney said.

National Murder Rate Is ‘Lowest in Modern History’: FBI Director

FBI Director Kash Patel said Nov. 26 that homicide rates nationwide fell by double digits compared to last year.

Trump Says He Will Pardon Ex-Honduran President Convicted by Jury in US Drug Case

President Trump grants a full pardon to ex-Honduran President Juan Orlando Hernandez, who is serving 45 years in the U.S. for drug and firearms convictions.

Trump Says He Is Canceling All Biden Executive Orders Signed With Autopen

President Trump announced he is revoking executive orders and other presidential actions previously signed by former President Joe Biden using an autopen.

Trump Says US May Cut Income Tax Completely in Next Couple of Years Due to Tariff Income

Trump said the U.S. could end income taxes within a few years, citing tariff revenue as the reason such a shift might be possible.

USCIS Stops Processing All Afghan Immigration Requests After DC National Guard Shooting

USCIS has stopped processing all immigration requests relating to Afghan nationals indefinitely pending further review of security and vetting protocols,
spot_img

Related Articles

Popular Categories

MAGA Business Central