To amend the Internal Revenue Code of 1986 to eliminate the marriage penalty in the income tax rate brackets.

Bill 119 HR 320, also known as the Marriage Penalty Elimination Act, aims to amend the Internal Revenue Code of 1986 to eliminate the marriage penalty in the income tax rate brackets. The marriage penalty refers to the situation where married couples pay more in taxes than they would if they were single and filing separately.

This bill seeks to address this issue by adjusting the income tax rate brackets for married couples to ensure that they are not penalized for being married. By eliminating the marriage penalty, the bill aims to provide tax relief to married couples and promote fairness in the tax system.

If passed, this legislation would have a direct impact on the tax liabilities of married couples, potentially reducing the amount of taxes they owe and providing them with more financial flexibility. Supporters of the bill argue that it is a step towards creating a more equitable tax system that treats married couples fairly. Overall, Bill 119 HR 320 seeks to address the marriage penalty in the income tax rate brackets and provide tax relief to married couples. It is important to note that this bill is still in the early stages of the legislative process and may undergo changes before it is enacted into law.