Sam Brownback: “today, I have introduced a proposal for a tax cut which I think answers a number of questions that people have been…”

“today, I have introduced a proposal for a tax cut which I think answers a number of questions that people have been putting forward. I hear both sides of the aisle talking about a tax cut and the willingness to have a tax cut. Some are saying we need it to be targeted; some say we need to do it with the marriage penalty; others say we need a broad-based tax relief to take place. The proposal I am putting in today would expand the 15-percent tax category over a period of 10 years and raise that to the level of the maximum amount at which we tax Social Security. What it does is, we broaden that 15-percent tax bracket. We make it such that it will take care of most of the marriage penalty. It will be economically simulating in that it will be a great relief for a number of people that grow into that 15-percent category, then, as we expand it. And it will be middle-income targeted because it will be that category of people making in the 15-percent rate and growing it up to $72,000 over a period of 10 years. I think this answers a lot of questions on what we have been putting forward. We set aside every dime of Social Security money for Social Security, period. We do that. All those funds flowing into Social Security will remain and stay with Social Security. Not a dime of that is touched.…”