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Bill will expand options for married couples, working parents
Contact: Brian Hart, Becky Ogilvie, Sam Brownback United States Senator - Kansas, 202-224-6521
WASHINGTON, Mar. 9 /Standard Newswire/ -- U.S. Senator Sam Brownback yesterday introduced the Parents' Tax Relief Act, which would offset current penalties in the tax code for married couples and stay-at-home parents.
"Our tax code punishes all married couples and parents who wish to leave the workforce and take a more active role in raising their children," said Brownback. "The Parents' Tax Relief Act makes it easier for parents to work from home or leave the workforce during their children's preschool years and offers incentives to workplaces so that more employees can telecommute."
The Parents' Tax Relief Act extends the Dependent Care Tax Credit to stay-at-home parents; makes permanent the $1,000 Child Tax Credit and fixes it to inflation; and permanently eliminates the marriage tax penalty. The bill also encourages telecommuting, adjusts Social Security credits for stay-at-home parents, and streamlines the home office deduction.
Similar legislation yesterday was introduced in the House by Congressman Lee Terry (R-NE).
Brownback continued, "In order to keep
Brownback is member of the Joint Economic Committee.
