The rest is eaten up by bureaucracy. Again, the debate will center largely on how much to raise it and over what period of time. Any increase in the minimum wage will likely be accompanied by a tax incentive for small businesses who cannot shoulder an increase without help. Other tax reductions will also be considered this year in Congress, primarily aimed at giving tax relief to middle income Americans. One such tax cut will be the elimination of the marriage tax penalty.
Families are the core of America.
Our tax laws should not make life harder because two people want to form or keep a family together. Proposals are also being offered to encourage families to save money for the education of their children. Education Savings Accounts allow families to save money tax free to be spent on their child s education. Other tax reductions gaining popularity in Congress are community renewal tax initiatives. These initiatives would give low income community tax incentives to encourage investments that will create new and better jobs.