I wanted to come down and visit briefly today on this particular subject, that being the marriage tax penalty. As has been recited very eloquently, the numbers and the facts and the figures of what this existing tax law provision causes, I want to talk about what the consequences of this $1,400 per year in added costs is to married couples. I happen to think that most young people, whether they be planning to get married or having been married planning for their family or their future, typically confront a month-to-month or week-to-week situation where their resources are constrained. They struggle in many cases to make their ends meet, and to have the opportunity to send to the Federal Government an extra $1,400 a year by virtue of having become married certainly is a privilege that they probably regret having. So I would like to come down and add my voice to those that argue for changing that particular provision of law. Now, the President has come forward very eloquently this past week suggesting at long last $45 billion worth over the next 10 years of tax relief for married couples, but I want to be clear in my comments that that really is a drop in the bucket.
Doug Ose: “I wanted to come down and visit briefly today on this particular subject, that being the marriage tax penalty. As has…”
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Discussing the marriage tax penalty and its financial impact on married couples.
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