On Thursday, Utah Senator Mitt Romney sent a letter, signed by him and 34 of his Republican colleagues, to Senate Majority Leader Chuck Schumer and Finance Committee Chair Ron Wyden. In the letter, he objects to marriage penalties built into the House’s reconciliation bill, marriage penalties, he claims, that are exacerbated by the changes made to the earned income tax credit (the “EITC”). He concludes his letter saying, “We believe that marriage is a vital social good. It is misguided and unfair for the government to build bigger barriers for couples to marry.”So is Sen. Romney right? Does the reconciliation bill (available here) increase marriage penalties and disincentivize marriage?
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