❌ HB342
Enact the Invest in Marriage Act
Summary
The bill creates an income tax credit for employers who provide a marriage bonus of at least one thousand dollars to employees upon marriage. The total credit available per employee is capped at one thousand dollars, with an annual limit of fifty thousand dollars in marriage bonuses eligible for the credit. Employers must maintain records for five years to support claims for the credit.
Rationale
The bill introduces a government-mandated tax credit for marriage bonuses, which conflicts with Libertarian principles of minimal government intervention in personal relationships and economic contracts. It imposes a form of social engineering by incentivizing marriage through tax policy, which is contrary to the Libertarian Party's stance on personal relationships and economic liberty.
Risks and Concerns
- Increases government involvement in personal relationships
- Encourages dependency on government incentives for personal decisions
- May lead to unintended economic consequences for employers