Alternative Minimum Tax Could Last a While

“Senate Majority Leader Bill Frist (R-Tenn.) said Congress may postpone until next year a measure to prevent 15 million households from paying $30 billion under the alternative minimum tax, indicating that extending tax cuts on capital gains and dividends was a higher priority.” (Washington Post, Wednesday)

The 15 million middle-class families can wait.

FEE Timely Classic
“The Progressive Income Tax” by John Chamberlain

Further Reading