Mike Lee says he’d like to see the parent penalty tax eliminated in Trump tax plan

Share on

Sen. Mike Lee said Tuesday that he’d like to see the “parent penalty tax” eliminated in President

Sen. Mike Lee said Tuesday that he’d like to see the “parent penalty tax” eliminated in President Trump’s tax reform plan.

“I brought forward a proposal that I worked on with Sen. Marco Rubio and also with Ivanka Trump, that would end the parent tax penalty, and I hope that’s included in any package,” Mr. Lee, Utah Republican, said on Fox News.

The so-called parent penalty tax requires parents to contribute to senior entitlement programs on behalf of their children and themselves, meaning they pay twice. Mr. Lee says this is unfair to the parents since their children grow up and pay for those entitlement programs when they become taxpayers. His plan, the Family Fairness and Opportunity Tax Reform Act, would also give families a $2,500 tax credit per child in addition to eliminating the tax.

Ms. Trump has said previously that she’d like to see the child tax credit double and increase the amount to “the largest tax credit possible.” The current child tax credit is $1,000 per child. She made her pitch during a meeting with conservatives, including Mr. Lee, at the Americas for Tax Reform office last week.

HIDE COMMENTS

blog comments powered by Disqus

Click to Read More

Click to Hide

Top Stories

The sanctions issued Tuesday by the Trump administration mark a major increase in pressure on countries that refuse to take back their deportees. (Associated Press/File)

Trump punishes sanctuary countries, halts visas for nations that refuse to cooperate on deportations

Black Lives Matter protesters cover a statue of Thomas Jefferson with a tarp during a rally in front of the Rotunda at the University of Virginia on Tuesday. (Photo by Zack Wajsgras/The [Charlottesville, Va.] Daily Progress

Black Lives Matter protesters deface Jefferson’s statue at UVa. in Charlottesville

obj.0.content_object.caption

Quiz: US Citizenship Test - Could You Pass?

A view of the Florida Keys during the aftermath of Hurricane Irma, Monday, Sept. 11, 2017. (Matt McClain/The Washington Post via AP, Pool)

Christians beat FEMA, and in so doing, tame Big Government

Jemele Hill attends ESPN: The Party 2017 held on Friday, Feb. 3, 2017, in Houston, Texas. (Photo by John Salangsang/Invision/AP)

ESPN gives anchor who called Trump a ‘white supremacist’ slap on the wrist

obj.0.content_object.caption

Quiz: Test Your Civil War Knowledge

President Barack Obama and former President George W. Bush take part in a ceremony in the East Room of the White House in Washington, to unveil the Bush portrait on May 31, 2012. (Associated Press) **FILE**

Joni Ernst, GOP senator, demands cap on ex-presidents’ payments

Miles Treakle, left, of Seattle, holds a sign that reads "Refugees Welcome Ban Trump," as he protests against President Donald Trump's revised travel ban, Monday, May 15, 2017, outside a federal courthouse in Seattle. A three-judge panel of the 9th U.S. Circuit Court of Appeals heard arguments Monday in Seattle over Hawaii's lawsuit challenging the travel ban, which would suspend the nation's refugee program and temporarily bar new visas for citizens of Iran, Libya, Somalia, Sudan, Syria and Yemen. (AP Photo/Ted S. Warren)

Supreme Court preserves Trump travel ban’s refugee limits

Sen. Bernard Sanders will introduce legislation Wednesday for a single-payer system, laying the groundwork for the next big health care fight. (Associated Press/File)

Liberals with eye on presidency rush to support Sanders’s ‘Medicare for all’ bill

Airstrikes targeted Islamic State positions in July after Iraqi prime minister declared "total victory" in Mosul. (Associated Press/File)

Islamic State’s Rumiyah magazine glosses over losses to boost terrorist morale

converted 1911.jpg

21 best guns for home protection

In this Oct. 9, 2016, file photo, Democratic presidential nominee Hillary Clinton, right, speaks as Republican presidential nominee Donald Trump listens during the second presidential debate at Washington University in St. Louis, Sunday, Oct. 9, 2016. (Rick T. Wilking/Pool via AP) ** FILE **

Trump already knows how Hillary Clinton’s book ends, says White House

President Donald Trump, right, with Vice President Mike Pence, and others, listen during a meeting with Malaysian Prime Minister Najib Razak in the Cabinet Room of the White House, Tuesday, Sept. 12, 2017, in Washington. (AP Photo/Alex Brandon)

Trashing Trump: Broadcast coverage of the president now 91% negative, say analysts

Carrie_Underwood_primary_image.jpg

These celebrities are devoutly Christian — and you probably didn't realize it

In this file photo taken Jan. 31, 2017, a silencer is displayed at Ed's Public Safety gun shop in Stockbridge, Ga. (AP Photo/Lisa Marie Pane) ** FILE **

House panel weighs legislation that would loosen restrictions on gun silencers

A house in Florida, slid into the Atlantic Ocean on Monday while Irma, downgraded to a tropical storm, was menacing Georgia and canceling flights at the world's busiest airport in Atlanta.

Calls to punish skeptics rise with links to climate change, hurricanes

ap090421032401_primary_image.jpg

Conservatives in Hollywood: Celebrities who lean right

Hillary Clinton had her attorneys scour her email account, and that was what landed them in potential jeopardy.(Associated Press/File)

Judge orders Maryland bar to investigate lawyers who helped Clinton delete emails

Newsletters

  •  Daily
  •  Weekly
  •  Pruden on Politics
  •  Charles Hurt

Find us on Facebook

Find us on Twitter

All site contents © Copyright 2017 The Washington Times, LLC|3600 New York Avenue NE | Washington, DC 20002 |202-636-3000
Share on
Article Mike Lee says he’d like to see the parent penalty tax eliminated in Trump tax plan compiled by Original article here

Similar