Interesting article in today’s Washington Post: Alternative Minimum Tax Targeted Democrats Seek Fix For Middle-Class Families, by Lori Montgomery:
Democratic leaders this week vowed to make the alternative minimum tax a centerpiece of next year’s budget debate, saying the levy threatens to unfairly increase tax bills for millions of middle-class families by the end of the decade….
The focus on the AMT is hardly surprising, given that victims of the tax have been concentrated in high-cost urban areas such as Washington, New York and San Francisco — places that tend to vote Democratic. Rangel, Hoyer and Nancy Pelosi (D-Calif.), the presumptive House speaker, all represent states hit hard by the AMT, which is sometimes called the "blue-state tax." To map states with the highest concentrations of AMT taxpayers is to draw bull’s-eyes over California and the Northeastern seaboard.
Update: Ann Althouse is not impressed.




2 responses to “WaPo: Democrats to Target AMT Relief”
DEMOCRATS TO PUSH AMT REFORM?
The Washington Post reports that AMT reform will be high on the new Democratic Congressional Majority’s tax agenda. In a…
DEMOCRATS TO PUSH AMT REFORM?
The Washington Post reports that AMT reform will be high on the new Democratic Congressional Majority’s tax agenda. In a…
DEMOCRATS TO PUSH AMT REFORM?
The Washington Post reports that AMT reform will be high on the new Democratic Congressional Majority’s tax agenda. In a…
DEMOCRATS TO PUSH AMT REFORM?
The Washington Post reports that AMT reform will be high on the new Democratic Congressional Majority’s tax agenda. In a…