H.R. 6 - Marriage Penalty and Family Tax Relief Act of 2001
(Rep. Weller (R) Illinois and 225 cosponsors)
The
Administration supports the House's action on H.R. 6 as another
positive step on the way to passage of the President's tax relief
plan.
H.R. 6 is consistent with the objectives of the President's tax
plan, which
lowers the tax burden on families and restores fairness by, among
other
things, reducing tax rates, expanding the child credit, and significantly
reducing the marriage penalty. The Administration looks forward
to working
with Congress as the legislative process continues to achieve a
result that
best embodies the objectives of the President's plan.
Pay-As-You-Go
Scoring
Any
law that would reduce receipts is subject to the pay-as-you-go
requirements of the Balanced Budget and Emergency Deficit Control
Act.
Accordingly, H.R. 6 or any substitute amendment in lieu thereof,
that would
also reduce revenues, will be subject to the pay-as-you-go requirement.
The Administration will work with Congress to ensure that any unintended
sequester of spending does not occur under current law or the enactment
of
any other proposals that meet the President's objectives.