This past weekend this House of Representatives did the right thing. We set aside $1.4 trillion in surplus tax revenue for the effort to save Social Security, and we passed legislation which will eliminate the marriage tax personality. I have often asked in the well of this House over the last year, is it right, is it fair that under our current Tax Code, 28 million married working couples pay higher taxes, just because they are married. Well, we have addressed that. On Saturday we passed and sent to the Senate legislation whose centerpiece eliminates the marriage tax penalty for the majority of those who suffer. In fact, for 28 million couples they will see an extra $240, enough money for a car payment in extra take-home pay because of lower taxes. Now, those who opposed it, particularly those on the Democratic side of the aisle, claim somehow that our effort to eliminate the marriage tax penalty hurts the Social Security trust fund. Now, on the Committee on Ways and Means, which I am proud to be a member of, we asked a representative of the Social Security Administration, Judy Chesser, the Deputy Commissioner of the Office of Legislation and Congressional Affairs, if this tax cut to eliminate the marriage tax penalty impacts Social Security. She gave us a simple answer: No. Let us save Social Security. Let us eliminate the marriage tax penalty.
Editor's note · Context
Discussing the elimination of the marriage tax penalty and its impact on Social Security.
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