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

[Ordinary Guy]

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."

https://www.foxbusiness.com/politics...-spending-bill

I GUESS JOE BIDEN LIED YET AGAIN

 

[Moonglow]

What he says makes no sense since he failed to signiciantly identify the penalty, ie, is is a lower EIC credit that is issued there is no penalty just a sliding scale.

 

[Ordinary Guy]

What he says makes no sense since he failed to signiciantly identify the penalty, ie, is is a lower EIC credit that is issued there is no penalty just a sliding scale.

go back and reread, slower this time, the penalty is for couples that are married vs those that are not, they pay more tax

 

[ClaireH]

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."

https://www.foxbusiness.com/politics...-spending-bill

I GUESS JOE BIDEN LIED YET AGAIN

So I'm trying to decide about this marriage penalty being some type of smoke and mirrors (LSM's game to only print what will support their own agenda) with the growing splintering between the Progs and corporate (moderate) Democrats. Since the Progressives squealed about Israel getting a billion for it's defensive Iron Dome system, the Progs are up in arms saying they won't vote on one bill unless the other goes through first. They stated as much that they didn't trust the moderates to pass one and cheat them ha!

Man, I got to say it's a great time to be alive! This is the kind of stuff I never thought I'd see. Now, keep in mind this non-stop bickering will continue daily between these two Democratic factions, with Progressives continuing to demand leftist agenda gains as their rightful payment for voting Biden. They get heated when told no, pretty much acting up like 5 year olds. Now, here is something that many USMB posters/readers already know: political bribes for signatures. Progressives will use the dirt they have on various Democrats and threaten to go public with it unless they bend to their will. They will use this personal information as hidden collateral to get pieces of their agenda passed.
When corporate Dems figure out they are at the mercy of the Progs....things will get even more interesting. Stay tuned folks! Dull is definitely not a good adjective to use to define American politics!

 

[Moonglow]

go back and reread, slower this time, the penalty is for couples that are married vs those that are not, they pay more tax

Where is the chart that shows it as such?

 

[Ordinary Guy]

Where is the chart that shows it as such?

It was stated asshat

 

[San Souci]

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."

https://www.foxbusiness.com/politics...-spending-bill

I GUESS JOE BIDEN LIED YET AGAIN

Were his lips moving? Then he lied.

 

[Independentthinker]

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."

https://www.foxbusiness.com/politics...-spending-bill

I GUESS JOE BIDEN LIED YET AGAIN

But there will be no tax increases on anyone earning less than $400,000, well except for this and a few other things.

 

[Ordinary Guy]

But there will be no tax increases on anyone earning less than $400,000, well except for this and a few other things.

yes they will keep coming, tax the rich and costs of services and goods go up. Notice how cost of living is always higher in Democratic led cities and states