Political Quotes

“One of the issues pending is a Tax Code issue called the marriage tax penalty. What it boils down to is that a number of people in this country, when they go to get married, their combined incomes on a joint return puts them in a higher tax bracket, so they are, in fact, penalized by the Tax Code because of their decision to get married. The debate on the floor of the Senate now is whether we will change the Tax Code to eliminate that penalty. It makes common sense, really. We want to encourage people to get married. The idea that we would penalize them under the Tax Code for getting married makes no sense at all. There is common agreement on that. Democrats and Republicans believe we should eliminate that penalty. The difference, of course, comes down to how you do it and what the bill says as part of the tax relief. I have to say, parenthetically, that I don't know too many young couples who, when they are making plans to get engaged and to get married, say, well, before we finalize this and buy a wedding ring, we better stop off at the accountant's office to figure out the tax consequences. I am sure some do that, but my wife and I sure didn't, and most people don't do that. Notwithstanding that observation, it is right for us to consider changing the Tax Code to eliminate this penalty.”