The Senate has voted down a Trump administration proposal to raise the federal tax rate on married people to 25 percent from 28 percent, rejecting the president’s proposed budget for the fiscal year that begins on Sept. 30.
The GOP tax plan would have boosted the tax rate for married couples to 28 percent from the current 20 percent, and would have also increased the child tax credit for married taxpayers from $1,500 to $1.5,000.
However, the tax proposal also would have increased the standard deduction for married parents, which is currently $11,700.
Senate Finance Committee Chairman Orrin Hatch Orrin Grant HatchSenate Majority Leader Mitch McConnellAddison (Orrin) Mitchell McConnell GOP leaders meet with Senate Republicans to discuss the president-elect’s agenda for Congress, including a possible tax planSenate Democrats push back on GOP’s tax plan and offer their own amendmentSenate Republicans hold meeting in Capitol to outline the GOP tax proposal, but don’t offer a final planTrump vows to slash taxes for married people: ReportSenate GOP’s proposed tax bill could lead to millions of Americans losing their health insuranceUnder fire for tax plan, Democrats demand details from Trump on how it would impact themSenate GOP holds hearing on GOP tax bill as GOP members weigh their response to tax proposalDemocrats oppose tax plan as Trump administration moves ahead with tax planDemocrats hold hearing on Trump tax plan with Sen. Patty Murray (D-Wash.) and Sen. Heidi Heitkamp (D/N.D.)
Sen. Bernie Sanders (I-Vt.) said Republicans should be ashamed of themselves if they are proposing to raise their taxes on middle-class families.
The top tax rate is currently 39.6 percent, while the rate for top earners is currently 35 percent.