Press Release: Warnock and Lankford Introduce Bipartisan Bill to Remove Marriage Penalty on Student Debt Tax Deductions

Senators Warnock and Lankford propose a bipartisan bill to increase student loan interest deductions for married couples.

Quiver AI Summary

New Bipartisan Legislation Introduced: Senators Raphael Warnock and James Lankford have introduced the Student Loan Marriage Penalty Elimination Act, aiming to end the marriage penalty for deducting student loan interest for married couples. The bill proposes raising the deduction limit from $2,500 to $5,000 if both partners have qualifying student loan payments.

Motivation Behind the Bill: The legislation seeks to alleviate financial burdens on married couples, as they currently face a limit that doesn’t account for dual contributions to student loans. Senator Warnock stated, “Couples shouldn’t be penalized for affirming their love for one another,” emphasizing the need for tax fairness.

Broad Support: The bill, co-sponsored by Senators Michael Bennet and Cynthia Lummis, reflects a collaborative effort to address what the sponsors view as unfair treatment of married borrowers. The legislation is designed to strengthen the financial stability of families and empower them to make important life decisions like purchasing homes and starting businesses.

Disclaimer: This is an AI-generated summary of a press release. The model used to summarize this release may make mistakes. See the full release here.

Raphael G. Warnock Fundraising

Raphael G. Warnock recently disclosed $295.4K of fundraising in a Q4 FEC disclosure filed on January 31st, 2026. This was the 338th most from all Q4 reports we have seen this year. 94.2% came from individual donors.

Warnock disclosed $610.4K of spending. This was the 91st most from all Q4 reports we have seen from politicians so far this year.

Warnock disclosed $3.8M of cash on hand at the end of the filing period. This was the 89th most from all Q4 reports we have seen this year.

You can see the disclosure here, or track Raphael G. Warnock's fundraising on Quiver Quantitative.

Raphael G. Warnock Net Worth

Quiver Quantitative estimates that Raphael G. Warnock is worth $1.4M, as of March 24th, 2026. This is the 290th highest net worth in Congress, per our live estimates.

Warnock has approximately $37.0K invested in publicly traded assets which Quiver is able to track live.

You can track Raphael G. Warnock's net worth on Quiver Quantitative's politician page for Warnock.

Raphael G. Warnock Bill Proposals

Here are some bills which have recently been proposed by Raphael G. Warnock:

S.4119: A bill to amend the Internal Revenue Code of 1986 to allow married couples to apply the student loan interest deduction limitation separately to each spouse, and for other purposes.
S.3185: ANCHOR for Military Families Act
S.2772: Commissary Healthy Options and servicemember Welfare (CHOW) Act
S.2628: Catastrophic Specialty Hospital Act of 2025
S.2454: Fair Debt Collection Practices for Servicemembers Act
S.2322: Appraisal Modernization Act

You can track bills proposed by Raphael G. Warnock on Quiver Quantitative's politician page for Warnock.

2028 Georgia US Senate Election

There has been approximately $67,872,794 of spending in Georgia US Senate elections over the last two years, per our estimates.

Approximately $3,263,761 of this has been from outside spending by PACs and Super PACs. Some of the groups who are spending money in this race include:

The rating for this race is currently "Toss Up".

You can track this election on our matchup page for the 2028 Georgia US Senate election.