Remaking the Tax Code to Help the Working Poor

By QR Blog Editor 7-08-2013

Through the removal of financial restrictions tacked onto certain marriage policies, President Barack Obama brings hope to low-income couples by acknowledging the financial and moral benefits marriage can have on America's society. Politico reports:

Most benefits for low-income families phase out as income rises. Taken separately, these reductions are understandable and reasonable. But combined, they effectively act as high tax rates — reducing take-home pay for low-income workers — and create a disincentive to work harder. Low-income families can thus find themselves in a situation where receiving a raise or promotion results in losing more in benefits than they receive in additional earnings.

Read more here.
 

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