in the coming weeks I intend to introduce a bill to create the simplified family credit, real tax relief for working families with children. My proposal would help grow the economy, simplify the IRS code by merging an array of tax benefits, the earned income tax credit with approximately 4.3 million families eligible Americans, including 1.7 families with children, who, today, do not get, because of the complexity of the code, the child tax credit, the additional child credit, and the dependent exemption into a single credit, thereby shrinking well over 2,000 pages of the IRS Tax Code down to 12 easy questions. This would also go a long way toward significantly reducing the marriage penalty, rewarding work and making the Tax Code more child friendly. Regardless of what political party we come from, we should all agree that these goals and that the Tax Code ought to reflect these values. Despite the prospect of a war with Iraq, a stubborn recession, 2 million more unemployed Americans, urgent health care needs for the additional 4 million American that are without health care, we insist on debating a tax cut for the wealthiest in this country rather than focusing on those who need it most. A simplified credit in contrast is less, and far more responsive to the needs of working families.
Editor's note · Context
Introducing a bill for a simplified family credit to aid working families during a challenging economic period.
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