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parent penalty

Marco Rubio, Mike Lee, push their ‘parent penalty’ tax reform issue with leadership

in 2017/Top Headlines by

Contending that parents are double-taxed for children, Florida’s U.S. Sen. Marco Rubio and Utah’s Mike Lee are again pushing a plan to eliminate the so-called “parent penalty” in tax reform, with a letter to leaders of the U.S. Senate and House of Representatives. “Our tax code today treats parents unfairly. The payroll taxes that help pay for federal retirement benefits fall on American parents who simultaneously bear the financial cost of raising their children, the next generation of workers whose…

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