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House Dems Want to Protect Middle Class from AMT
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House Democratic leaders, in an effort to upstage Republicans on the issue of tax cuts, are preparing legislation that would permanently shield all but the very richest taxpayers from the alternative minimum tax, which is likely to affect tens of millions of families as early as next year if it is left unchanged. (New York Times [1], Monday)
The true tax burden won't be reduced until spending is dramatically cut.
FEE Timely Classic
Cutting Marginal Tax Rates: Evidence from the 1920s [2] by Gene Smiley
Article printed from Foundation for Economic Education: http://www.fee.org
URL to article: http://www.fee.org/articles/in-brief/house-dems-want-to-protect-middle-class-from-amt/
URLs in this post:
[1] New York Times: http://www.nytimes.com/2007/04/09/business/09tax.html?_r=1amp;ref=todayspaperamp;oref=slogin
[2] Cutting Marginal Tax Rates: Evidence from the 1920s: http://www.fee.org/publications/the-freeman/article.asp?aid=4397
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