‘This is misguided and unfair’, say GOP senators
Thirty-three Republican senators wrote letters to Senate Majority Leader Chuck Schumer, D.N.Y., and Senate Finance Committee Chairman Ron Wyden, D-Ore., calling for “damaging” tax penalties for married couples in the House Democrats.‘ $3.5 trillion spending bill.
Mitt Romney, R-Utah, led a letter with 32 of his Senate Republican colleagues destroying a provision for the House Democrats’ multitrillion-dollar budget reconciliation bill that would impose harsher marriage tax penalties.
Highlighting the bill’s financial imposition on married couples, the senators argued that federal policy “should be designed to promote strong marriages” and warned that “damaging punishments for marriage” send “the wrong message” to American families. Sends.
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“Unfortunately, despite its original rollout as part of the ‘American Family Plan,’ the current draft of the reconciliation bill takes the existing marriage penalty in the Earned Income Tax Credit (EITC) and makes it significantly worse,” said the senator. wrote.
Senators pointed out that while the EITC is “an important policy tool” that encourages work, the measure includes “small, but harmful, marriage penalties.”
“For example, in 2019 a couple with two children where one parent earns $12,000 and the other $30,000 may pay $1,578 more in taxes if they are married – or about 4% of their annual earnings,” written in the letter.
“A reconciliation bill can significantly spoil a single family,” it continues. “This could almost double the marriage penalty, costing identical parents $2,713 if they choose to marry.”
The lawmakers concluded, “We believe that marriage is an important social good. It is misguided and unfair for the government to create huge barriers to marriage of couples.”
Along with Romney in the letter are several influential Republicans, including Sans Mike Crapo of Idaho, John Barrasso of Wyoming, Tom Cotton of Arkansas and Tim Scott of South Carolina.
House Speaker Nancy Pelosi, D-Cal., was unable to pass a bipartisan infrastructure bill on Thursday as talks on a reconciliation bill stalled.
Stahl shows the political mine that Democrats find themselves in, with both bills being held to deal a major blow to Congressional Democrats and President Biden’s agenda.
Neither Schumer’s nor Wyden’s offices immediately responded to Granthshala Business’s request for comment.