Senate Liberals Go Ape$#!t, End Up Admitting Taxes Are Too High

Senate Democrats Introduce Tax Cut Bill for Workers

"Senate Budget Committee Chairman Patty Murray, D-Wash., and two other prominent Senate Democrats introduced legislation Wednesday to update the Tax Code to help workers and families keep more of what they earn, but also double the penalty on tax preparers who do not follow the Internal Revenue Service’s due diligence requirements for claiming the Earned Income Tax Credit."

"Murray’s bill, the 21st Century Worker Tax Cut Act, co-sponsored by Senators Jack Reed, D-R.I., and Sherrod Brown, D-Ohio, includes a new tax cut for two-earner families. It would allow a 20 percent deduction on a secondary earner’s income. In order to qualify, both spouses would have to earn income during the year and have at least one child under the age of 12."

"The new deduction would also reduce earned income for purposes of calculating the EITC to ensure low-income, two-earner families who do not owe income tax because their combined income is too low and who otherwise would not benefit from the deduction, instead benefit through an enhanced refundable EITC."

(The previous quote is Copyright © 2013 "Accounting Today". My use of the quoted text constitutes 'fair use' under the legal code of the United States.)

So... is Sherrod Brown a "teabagger" now? LOL! No, wait, a real member of the TEA Party would establish that taxes are too high on EVERYONE, not just double-earners with kids.

Also, I agree with the first commentator on the article, when she said the EITC should be abolished. It's welfare, pure and simple. And it's sick and wrong to just give people money from that taken from other people.

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