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AMT repeal?


Tags Taxes and Spending


Senators Max Baucus (D-Mont.) and Charles Grassley (R-Iowa), incoming and outgoing Chairs of the Senate Finance Committee, yesterday introduced The Individual Alternative Minimum Tax Repeal Act of 2007:

I hope this results of a real repeal of a tax and not another "soak the rich" scam.

The Wall Street Journal reported today that it would be a complete repeal. Of course, this will probably be a revenue-neutral move — they will probably raise taxes in some other area to keep taking from us.

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