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New Budget Forecasts

…years, at least under the Bush administration’s stated policy aims. Bush is on record as wanting to reform the AMT, to make permanent the tax cuts that are set to…

Tax Cuts Extended

…per year, such as reforming the AMT. But now the CBO’s estimate of the budget picture is starting to look slightly more realistic for the rest of this decade. Finally,…

More Broken Promises

…the tax cuts set to expire in 2005 are not renewed and do actually expire. there is no additional spending in Iraq or Afghanistan after 2005. The AMT is not…

The Stock Market and Economy

…Congressional Republicans want to change the AMT (which is probably necessary if they don’t want the effectively undo the tax cuts of the past few years), and extend the child…

…the AMT problem and Congress abides by spending recommendations, we will be approaching the end of the Bush Cycle with no hope of paying down any of the debt incurred…

The 2017 Tax Cut and Jobs Act 

…changes that made the alternative minimum tax, which is this opaque parallel system, made the AMT (alternative minimum tax) less relevant for almost all households. So, it simplified for households….