Leave your feedback Share Copy URL https://www.pbs.org/newshour/show/house-passes-bill-to-ease-middle-class-tax-burden Email Facebook Twitter LinkedIn Pinterest Tumblr Share on Facebook Share on Twitter Transcript 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. Read the Full Transcript Notice: Transcripts are machine and human generated and lightly edited for accuracy. They may contain errors. KWAME HOLMAN: House Democrats brought a measure to the floor today that would shield millions of middle-class households from the alternative minimum tax, or AMT.REP. NANCY PELOSI (D-CA), Speaker of the House: This legislation is important because it provides long-overdue middle-class tax relief. KWAME HOLMAN: Republicans said they were all for doing away with the tax, but rejected the way the Democrats proposed to do it.REP. JEB HENSARLING (R), Texas: All they're doing is re-arranging the deck chairs on the Titanic tax ship.