Wayne Allard: “I have come to the floor to support eliminating the marriage penalty. I think it is timely that we have some votes…”

“I have come to the floor to support eliminating the marriage penalty. I think it is timely that we have some votes scheduled this evening, I understand about 6:15 p.m. By eliminating the marriage penalty, we eliminate one of the most egregious examples of unfairness and complexity in the Tax Code to date. Another example of that would be the death tax or the inheritance tax. We dealt with that issue last week. I am extremely excited that it has passed the House, passed the Senate, and is now going on to the President for his signature. Both these taxes are prominent concerns of my constituents, at a time when the tax burden is at record high levels in this country. When we are talking about eliminating the death tax, we are talking about the family business and what happens to a family business after an unexpected death without any estate planning, and how much the Government takes of that estate, forcing the sale. Many times it is a farm or a ranch that has been in the family for many, many generations. When we talk about the marriage penalty--we are eliminating that unfair burden--we are talking about the family. We are talking about reducing the tax burden. We are talking about fairness and Tax Code simplification.”