WASHINGTON, D.C. – Today Family Research Council praised the GOP tax reform framework – released by the White House, Leader Mitch McConnell, Speaker Paul Ryan, Chairman Orrin Hatch and Chairman Kevin Brady-- noting the plan will increase the child tax credit, eliminate the death tax, and provide a tax credit for caring for dependents, like ailing elderly parents, among other proposals. This tax reform framework rightly is designed to provide tax relief for families.
Family Research Council President Tony Perkins released the following statement:
“The antiquated and burdensome tax code hinders the ability of American families to reach their full potential, and any tax reform package must directly provide relief to families and children. The GOP tax reform framework upends the status quo when it comes to how much money the IRS takes from hard working Americans.
“Family Research Council has long recognized that the family is at the heart of our economy and the core strength of our country. Families have been negatively affected by the burdensome and complicated tax code. What Washington does to the family budget has a direct effect on the well-being of millions of moms, dads, and their children. Our vision is to see families flourish – and this tax reform agenda that GOP leaders announced will remove many financial obstacles to making that vision a reality.
“The tax reform blueprint shows what Congress needs to accomplish in reforming the tax code by making it fairer, simpler, and more efficient. We especially applaud the framework’s increase of the child tax credit, repeal of the death tax, provision of a care credit to allow families to better provide aid for their loved ones, while at the same time retaining tax incentives for charitable contributions.
“This tax reform framework will benefit all of America’s families and, therefore all of Americans will prosper. Moving forward with this plan will help keep the promise to voters to strengthen families and improve the economy,” concluded Perkins.