Political Quotes

“there is a little known feature in our Tax Code created by the Tax Code and the way it interacts with our senior entitlement programs. It is called the parent tax penalty. It is very misunderstood, little known, but very, very harmful. Sadly, the changes made to the child tax credit in the reconciliation package are not the right way forward. They don't directly attempt to fix the parent penalty. In addition to this problem, the substitute changes to the child and dependent care tax credit would make the penalty on stay-at-home parents in our Tax Code nearly seven times worse. My amendment with Senator Rubio would ensure that the child tax credit is targeted to refunding Americans their income and payroll taxes and turning the child and dependent care tax credit, which discriminates against stay-at-home parents, into a young child enhancement to provide some additional help to parents during those critical first 2 years. The PRESIDING OFFICER. The Senator from Oregon.”