Tuesday, January 7, 2003

A story released today by PRNewswire reports that Family Research Council (FRC) President Ken Connor praised President Bush’s bold move uplift the economy and improve the plight of America's families. "The tax plan the president is advocating would be a substantial and much needed financial boost for married couples, parents and senior citizens," Connor said.

The president's plan, if passed through Congress, will benefit families in many ways:

- More than 30 million families with children will receive an average tax cut of more than $1,400, due in large part to the $400 increase in the child tax credit.

- The marriage penalty will be abolished, and married couples will receive a tax cut of more than $1,700.

- Senior citizens, who are the recipients of almost half of all corporate dividend income, would save more than $1,300.

- Six million single women with children would receive an average cut of $541.

"As the organization that originally designed and fought for the per child tax credit, we are thrilled that the president wants to increase the credit so substantially," Connor said. "If passed, the president's plan will greatly reduce the current tax burdens saddling America's families."

In an effort to further implement a more family-friendly tax code, FRC will sponsor a symposium on Jan. 28th at the Library of Congress entitled "Family Tax Equity: Strengthening the Family through Incremental and Fundamental Tax Reform." Speakers include Congressman Joe Wilson, R-S.C., Dr. Allan C. Carlson, FRC's distinguished fellow for family studies, and John Mueller, a fellow at the Lehrman Institute and a former economic policy advisor to Congressman Jack Kemp.