Friday, January 5, 2007


As I was writing today’s posting about the AMT yesterday it appears that Senate Finance Committee Chairman Max Baucus and ranking Republican member Charles Grassley were introducing The Individual Alternative Minimum Tax Repeal Act of 2007 to repeal the dreaded Alternative Minimum Tax (AMT) effective with tax year 2007!

The CCH daily tax news reports that George W supports the repeal of the AMT, but wants it to be done in the context of overall tax reform.

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