Re: Re: McConnell Proposes Stimulus for Tax Preparers
by Len Burman
Good question. We haven't run the numbers, but the answer is basically yes. McConnell's proposal would cost more against a patched baseline and it would also likely throw more people onto the AMT. (The patch would take many people in the 25-percent bracket off the AMT; and many, if not most would end up back on the AMT if the regular tax rate is cut. Under current unpatched law, most of those people are already on the AMT.)
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