Joseph Knollenberg: “with the federal government projected to run a budget surplus that exceeds $1.6 trillion over the next 10 years…”

“with the federal government projected to run a budget surplus that exceeds $1.6 trillion over the next 10 years, Congress has an historic opportunity to save Social Security and provide some much-needed tax relief. I urge my colleagues to support Chairman Archer's 90-10 proposal. Yesterday, we passed the Save Social Security Act which sets aside 90 percent of the budget surplus to save Social Security. Today, we will return the additional 10% to hardworking taxpayers. We can do both. They are not mutually exclusive. With the average family still paying more in taxes than it spends on housing, food, and clothing combined, we have an obligation to cut taxes for working American families. The centerpiece of Chairman Archer's tax cut mirrors a provision I introduced last year that would increase the standard deduction for married couples so that it equals twice the amount of the standard deduction provided to single taxpayers. Mr. Speaker, the federal government should honor the institution of marriage, not penalize it by imposing higher taxes on married couples.”