this is an exciting week, because this week we are actually doing the people's business, something the folks back home have asked us to do for a long time. Today we have a great opportunity because not only have we passed legislation which sets aside $1.4 trillion for the effort to save Social Security, twice what the President originally asked for, but we also address an issue which I have often raised. That is the issue of answering the question: Is it right, is it fair that millions of married working couples pay higher taxes just because they are married? That married working couples with two incomes are forced under our Tax Code to pay more just because they are married? We have answered that issue by making an extra piece of the tax cut included in this package the elimination of the marriage penalty for a majority of those who suffer it. In fact, by doubling the standard deduction, 28 million married working couples will see an extra $243 during a year because we eliminate the marriage penalty for majority of those who suffer from it. Mr. Speaker, that is a car payment.
Editor's note · Context
Discussing tax reforms and the elimination of the marriage penalty for working couples.
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