Political Quotes

“today I am introducing the Family Unity Promotion Act of 1994. This bill is a long-overdue measure that seeks to make the Internal Revenue Code more equitable for married couples and their children. The Family Unity Promotion Act makes three simple, yet highly meaningful changes to the Tax Code. First, the bill would eliminate the ``marriage penalty.'' As most of us who are married are aware, the Tax Code imposes a severe financial penalty on working couples who choose to marry. Many individuals from the Seventh District of Georgia, including many religious leaders, have contacted me in dismay over this disincentive to marry. I share their concern about governmental policies that might discourage individuals from entering into the enduring relationships that form the basis of our society. Therefore, this bill will allow married couples to use the same rates applicable to unmarried individuals. Second, this bill will increase the exemption for dependent children to $3,500 per dependent child. Such measures are critical if today's parents are to be able to provide for the needs of their children. Finally, this measure will remove tax code penalties against homemakers by permitting full, $2,000 IRA contributions by nonworking spouses.”