alternative minimum tax

  • April 26, 2017  

    President Trump’s tax reform blueprint calls for eliminating the alternative minimum tax and the estate tax, cutting all itemized deductions except for mortgage interest and charitable giving, and getting rid of taxes on the first $24,000 if a couple’s earnings. How does that affect tax revenue? William Brangham gets reaction from Jared Bernstein of the Center on Budget and Policy Priorities. Continue reading

  • December 19, 2007  

    GOP and Democratic lawmakers have sparred in recent weeks over a massive spending bill that, in addition to funding domestic programs, also seeks to include funds for the Iraq and Afghanistan wars. Senate Minority Leader Mitch McConnell, R-Ky., discusses legislative battles on Capitol Hill over spending and energy legislation. Continue reading

  • November 9, 2007  

    The House passed a tax reform bill on Friday aimed at reducing the burden of the Alternative Minimum Tax for middle-class Americans. The bill would raise taxes on hedge-fund and private equity firm managers to offset lost revenue. Continue reading

  • October 29, 2007  

    Rep. Charlie Rangel, D-N.Y., has proposed a plan to eliminate the alternative minimum tax, designed in 1969 to ensure wealthy Americans paid their fair share of taxes but which was never indexed for inflation. Rangel and Rep. James McCrery, R-La., debate the tax plan. Continue reading

  • May 11, 2006  

    The U.S. Senate voted to extend $70 billion dollars in tax cuts, first enacted in 2003, for five years. While Republicans credit these tax cuts with a surging economy, Democrats believe a majority of Americans are being left out. Continue reading