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Log Cabin Calls for Comprehensive Tax Reform
A Simpler, Fairer Tax Code Helps All Families
(Washington, DC) – "April 15th, tax day, is an annual reminder of the need for comprehensive tax reform. Log Cabin is proud to stand with our Republican allies in calling for a simpler, fairer tax code, which will benefit all American families, including gay and lesbian families," said Log Cabin Republicans President Patrick Guerriero.
In January of this year, Log Cabin unveiled its legislative agenda for 2005. A top priority for this year is tax reform. "Log Cabin supports comprehensive tax reform. Lower taxes are fundamental to growing the U.S. economy. It is also clear that the current tax system severely disadvantages gay and lesbian families," said Log Cabin Republicans Political Director Chris Barron.
In particular, Log Cabin supports:
- Passage of the Domestic Partners Health Benefits Equity Act – This legislation, sponsored by Senator Gordon Smith (R-OR), would end the double taxation of domestic partner benefits provided by employers. Under current federal law, married heterosexual employees do not pay taxes on their employers' contribution for health insurance benefits, while lesbian and gay employees do. Additionally, because employers must pay payroll taxes on their employees' taxable incomes, employers who provide these benefits are taxed at a higher rate as well.
- Repeal of Death Tax – Permanent repeal of the death tax would benefit gay and lesbian couples. Married couples are allowed a "marital deduction" that shields assets from taxation when one spouse dies. Gay couples are prevented from getting the same benefit. As a result, without permanent repeal, gay couples would be subject to the 55% death tax twice.
- Overhaul and Simplification of the Tax Code – Log Cabin supports a dramatic overhaul and simplification of the tax code.
"There is an opportunity for real tax reform in the 109th Congress. Log Cabin will continue to work with Republican allies to insure that taxes are cut on hard working American families, and will continue to be a voice for conservative and moderate gays and lesbians," concluded Barron.