Political Quotes

Gerald Weller: “The President in his proposal, his marriage tax relief essentially is 10 years from now. He phases it in over 10 years.…”

On the recordFebruary 9, 2000
The President in his proposal, his marriage tax relief essentially is 10 years from now. He phases it in over 10 years. He only does the standard deduction, which only benefits those who do not itemize. If you are a middle class working married couple that owns a home and itemize your taxes, the President's proposal, even after the 10 years it takes to fully phase it in, would provide zero relief. I would also point out that the President's proposal after it is phased in after 10 years would only provide relief for about 9 million couples, versus the 25 million who would benefit from our proposal to double the standard deduction, widen the 15 percent bracket to help those who itemize, as well as the earned income tax credit.
Said by
Gerald Weller
Republican · Illinois
Source
govinfo.gov

Editor's note · Context

Discussing the impact of the President's marriage tax relief proposal during a floor debate.

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