Sen. Mike Lee Calls for Per-Child Tax Credit

Would ultimately be worth $40,000 per child

Parents get taxed twice because of the nature of the entitlement system, according to Sen. Mike Lee, R-Utah, so he developed a tax reform plan that would mitigate this "parent tax penalty," as well as begin to turn the lessons of the 2012 election into policies that clearly benefit the middle class.

Lee wants to give all parents an annual $2,500 tax credit for each child they have. "Our system, as it's set up today, depends for its existence, for its vitality, on children being born today, on children being raised today who will become the workers of tomorrow and who will be able to pay into the system to fund those [entitlement] programs," he told the Washington Examiner in a phone interview Wednesday evening.

Comments

[eubes]

"Our system, as it's set up today, depends for its existence, for its vitality, on children being born today, on children being raised today who will become the workers of tomorrow and who will be able to pay into the system to fund those [entitlement] programs,"

Not even Madoff could have said it better.

[ATXChappy]

"Thus, Lee says, parents end up paying into the system multiple times ? through their annual tax payments, and then the extra $300,000 spent on each child."

So... How is spending $300,000 to raise a child that you chose to have paying into the system?

[Butler]

All the tax code needs is a little more favoritism. Then, it will work!

[dogmom]

This is so wrong on so many levels and it just infuriates me! As the "woman half" of a heterosexual, married, child-free-by-choice couple this kind of rhetoric makes me want to just vomit. Gee, lets encourage EVERYONE to just go out and start pumping out babies so the federal government can eventually turn them into tax slaves for the masses. What happens when the spawn produced just become another leech on society, then what? And there should be NOTHING in the tax code that gives preference to an individual for the personal life choices that he or she makes - whether that be getting married, remaining single, having zero kids, or having 20 of them.