The Alternative Minimum Tax was created to prevent wealthy families from evading taxes through shelters. Yet, without congressional action, the number of individuals subject to the AMT will jump to 20.5 million in 2006, from 3.8 million in 2005. Now a group of Senators is calling for it's repeal. A conversation on the tenacious history and the future of the Alternative Minimum Tax.
http://thekojonnamdishow.org/shows/2005-05-25/alternative-minimum-tax
Alternative Minimum Tax
Listen Wednesday, May. 25, 2005 at 1:06 p.m. in Economy, PoliticsGuests
Len Burman
Senior Fellow, Urban Institute; Co-Director of Urban/Brookings the Tax Policy Center; Visiting Professor at Georgetown University
Chuck Grassley
U.S. Senator (R-Iowa); Chairman, Senate Finance Committee
Dan Mitchell
Senior Fellow, Heritage Foundation
Robert S. McIntyre
Director, Citizens for Tax Justice; contributing editor for The American Prospect
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