Now that we no longer had to spend enormous sums to counterbalance the former Soviet Union, it was time to do constructive things with our hard-won surplus. Both parties overwhelmingly supported fixing the marriage penalty.
President Clinton also vetoed the Marriage Tax Relief Reconciliation Act of 2000, calling it "poorly targeted and one part of a costly and regressive tax plan that reverses the principle of fiscal responsibility that has contributed to the longest economic expansion in history." He was right, and most Republican senators agreed privately that he was right.
This was the first big fight the president sparked in the Congress.
In the Fiscal Year 2000 federal budget, majorities from both parties in Congress expressed support in the past year for reform of the estate tax and repeal of the so-called marriage tax penalty. This appears to be an area of great promise for early bipartisan cooperation. Democrats can be expected to support reform in both these areas at least to the extent contained in the substitute amendments proposed this past summer by the fiscally irresponsible Senator Moynihan.
Now that we no longer had to spend enormous sums to counterbalance the former Soviet Union, it was time to do constructive things with our hard-won surplus. Both parties overwhelmingly supported fixing the marriage penalty.
I parted ways with my leadership on these votes and supported Democratic amendments that targeted the relief where it was needed. I argued, "We're in the majority. Let's pass a bill that President Clinton will sign and then remind the voters that it was our bill."
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Retired Senate as of Jan. 2015: GA:Chambliss(R) IA:Harkin(D) MI:Levin(D) MT:Baucus(D) NE:Johanns(R) OK:Coburn(R) SD:Johnson(D) WV:Rockefeller(D) Resigned from 113th House: AL-1:Jo Bonner(R) FL-19:Trey Radel(R) LA-5:Rod Alexander(R) MA-5:Ed Markey(D) MO-9:Jo Ann Emerson(R) NC-12:Melvin Watt(D) SC-1:Tim Scott(R) |
Retired House to run for Senate or Governor:
AR-4:Tom Cotton(R) GA-1:Jack Kingston(R) GA-10:Paul Broun(R) GA-11:Phil Gingrey(R) HI-1:Colleen Hanabusa(D) IA-1:Bruce Braley(D) LA-6:Bill Cassidy(R) ME-2:Mike Michaud(D) MI-14:Gary Peters(D) MT-0:Steve Daines(R) OK-5:James Lankford(R) PA-13:Allyson Schwartz(D) TX-36:Steve Stockman(R) WV-2:Shelley Capito(R) |
Retired House as of Jan. 2015:
AL-6:Spencer Bachus(R) AR-2:Tim Griffin(R) CA-11:George Miller(D) CA-25:Howard McKeon(R) CA-33:Henry Waxman(D) CA-45:John Campbell(R) IA-3:Tom Latham(R) MN-6:Michele Bachmann(R) NC-6:Howard Coble(R) NC-7:Mike McIntyre(D) NJ-3:Jon Runyan(R) NY-4:Carolyn McCarthy(D) NY-21:Bill Owens(D) PA-6:Jim Gerlach(R) UT-4:Jim Matheson(D) VA-8:Jim Moran(D) VA-10:Frank Wolf(R) | |
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