What was Biden thinking?!?
In a shock to many Americans, it now appears that President Biden’s $3.5 trillion spending bill had a sneaky little tax penalty for Americans who are married and now Republicans are calling Biden and the Democrats out for it.
According to Fox Business, 33 Republicans including Sen. Mitt Romney wrote to Senate Majority Leader Chuck Schumer and Senate Finance Committee Chairman Ron Wyden and demanded for the “unfair” tax penalty on married couples to be taken out or changed immediately.
Republicans demanded that government policy “should be designed to foster strong marriages” and not punish couples who are married.
“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 letter by the 33 Republicans said.
“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,” they added.
“The reconciliation bill could make the same family significantly worse off,” Republicans said. “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.”
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