A bill to amend the Internal Revenue Code of 1986 to increase the standard deduction amount to reduce the marriage penalty, simplify the filing of individual tax returns, and provide tax relief for lower and middle income individuals, and for other purposes.
Marriage Penalty Reduction Act - Amends the Internal Revenue Code to increase standard deduction amounts. (Makes the deduction for married filing jointly twice that of single filers.)
Introduced in Senate
Sponsor introductory remarks on measure. (CR S3654-3655)
Read twice and referred to the Committee on Finance.
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