Alternative Minimum Tax is Fixed - For Now
Idaho Congressman Mike Simpson supported legislation to provide tax relief to 23 million Americans who were slated to be subject to the Alterative Minimum Tax (AMT) this year. H.R. 3996, which provides temporary relief from the AMT for one year, was passed by the House of Representatives with a vote of 352-64 late Wednesday. “The AMT is one of the worst provisions in our tax code,…