Permanently Extending Increased Standard Deduction, And 15-Percent Individual Income Tax Rate Bracket Expansion, For Married Taxpayers Filing Joint Returns
Mr. Speaker, I rise today in support of legislation that provides permanent relief from the marriage penalty for millions of married Americans. Congress has debated this issue for years, but this is the first time we have really come close…
Mr. Speaker, I rise today in support of legislation that provides permanent relief from the marriage penalty for millions of married Americans.
Congress has debated this issue for years, but this is the first time we have really come close to getting rid of this onerous, unfair tax. Frankly, we should have done away with this tax a long time ago. It has not been for lack of trying by Republicans. In 2000, the Republican Congress sent President Clinton a bill that provided marriage penalty relief. President Clinton vetoed the bill before leaving Washington that day for a round of golf in Martha's Vineyard. Couples were left with another year of paying higher taxes simply because they were married.
In 2001 the Republican Congress sent President Bush a bill that gradually phased-in tax benefits for married couples. The 2001 Economic Growth and Tax Relief Reconciliation Act increased the standard deduction for married couples that filed joint returns and increased the width of the 15 percent bracket for joint filers. These provisions would be phased-in beginning in 2005. Shortly after Congress passed this legislation, President Bush signed it into law. After years of frustration, progress was finally being made on lowering the tax burden on married Americans.
Again in 2003 the Republican Congress signaled support for legislation that accelerated the tax benefits given to married couples. Instead of waiting around until 2005, under the Jobs and Growth Tax Relief Reconciliation Act, married couples would be able to receive tax benefits in 2003 and 2004. Beginning in 2005, however, the full strength of the marriage tax will again penalize taxpayers. We must not retreat from the progress we have made on eliminating the marriage tax.
Opponents of making permanent marriage penalty relief argue that the country cannot afford lowering taxes for married couples. Certainly, it is without dispute that the country is facing a federal deficit. Federal deficits are a concern and we must work immediately to erase the red ink. In my view, cutting wasteful government spending should be a top priority.
The legislation today leads us to accomplishing three main Republican priorities: permanent elimination of an unfair tax on marriage; continued economic growth through tax cuts; and deficit reduction because of a growing economy and job creation. For these important reasons, I support permanent repeal of the marriage penalty and urge my colleagues to support this legislation.