‘Marriage Penalty’ Vote Set in House Panel Today
Reuters
WASHINGTON —
The House Ways and Means Committee will vote today on so-called marriage-penalty tax relief more generous than the amount President Bush seeks in his $1.6-trillion tax cut plan.
The bill raises a married couple’s standard deduction from $7,600 to $9,100 and expands the 15% tax bracket.
Bush has proposed easing the marriage penalty by allowing a 10% deduction of up to $3,000 against the lower earnings of a two-income family.
Get the L.A. Times Politics newsletter
Deeply reported insights into legislation, politics and policy from Sacramento, Washington and beyond. In your inbox three times per week.
You may occasionally receive promotional content from the Los Angeles Times.
