Ending the Tax Code's Anti-Family Bias By Increasing the Personal Exemption to $6,300

Publication Date: January 1989

Publisher: Heritage Foundation (Washington, D.C.)

Author(s): Thomas M. Humbert

Research Area: Banking and finance

Keywords: Taxes

Type: Report

Abstract:

As the foundation of a free society, the incubator of traditional values, and the crucible for instilling good character in future generations, the American family must be the first priority of a free and democratic society. Yet the financial pressures on traditional families raising children are acute. The government’s discriminatory tax treatment of children has underd the family’s financial security and impeded the ability of parents to provide for the health, education, and welfare of their children. Many point out the bias in the U.S. tax code against saving and investment. They are correct. The greatest bias, however, is that against families with children.