Bill Proposes Tax Relief For Stay At Home Parents

The U.S. House of Representatives is considering tax relief for stay at home parents. If this would affect you, you may want to contact your representative.

After years of watching this tinkering with the tax code, it all begins to sound like polishing the brass railings as the Titanic is going down.

Sweeping Suggestions For Tax Simplification that might work have not, to date, been implemented because we really don’t trust our own government not to go ahead and impose an Income Tax on top of the tax system intended to replace a cumbersome income tax system.
From CROnline.com

The U.S. House of Representatives has introduced a new tax relief bill that is receiving support from conservative grassroots organizations. The Parents Tax Relief Act (PTRA) would provide parents with the option and freedom to stay at home with their children. The bill is sponsored by Rep. Lee Terry of Nebraska.

The bill would also make the Child Tax Credit permanent, eliminate the Marriage Tax Penalty, extend Social Security benefits to stay-at-home parents and encourage more family-friendly employment opportunities.

“The Parents Tax Relief Act makes it more feasible to have a stay-at home parent by providing monetary breaks and opportunities to work from home,� said Shari Rendall, Concerned Women for America’s Director of Government Relations and Public Policy.

Picture courtesy CROnline.com