Political Quotes

“the Federal Government taxes work, savings, investment, risk taking, creativity, ingenuity, entrepreneurship--even death. You name it, Washington taxes it, and sometimes Washington taxes it twice or three times. So it is not all that surprising that the Federal Government taxes marriage. And today we have an opportunity to right that wrong. But let's not forget what we are and what we aren't talking about. We aren't talking about tax cuts for the rich. We are talking about tax cuts for women. The simple truth is that the marriage tax disproportionately affects women. Marriage taxes can impose a nearly 50 percent marginal tax rate on second earners, most of whom are wives and mothers. And the hardest hit by the marriage penalty are those couples who each earn between $20,000 and $30,000 a year. Ask those couples if they are rich, as they try to provide for their children's education, pay off the mortgage on their house, and juggle all of life's challenges. Despite what the other side may say, H.R. 6 gives the most benefits to these middle class families. That should be enough to get the support of all my colleagues. But the President says that his plan is the right way to give marriage penalty relief. Well, let's talk about what his plan does--it creates another inequity. His plan increases the standard deduction for two-income married couples to double that of single filers only if both couples work.…”