Why Was The AMT Fix Thrown Into The Stimulus Package?
If Ben Nelson really wanted to "trim the fat, fr[y] the bacon and milk the sacred cows," why didn't he remove the alternative Minimum Tax "fix" from the stimulus package? Let's be clear - the Senate stimulus bill costs MORE than the House bill and does much less to stimulate job creation. As a NYTimes editorial points out:
Nearly $70 billion of the Senate bill is spent on providing a one-year reprieve from the alternative minimum tax. It . . . is a measure that passes easily each year on its own. A fair deal would be to take A.M.T. relief out of the package — contingent on a promise from Mr. Obama to champion a separate relief bill as soon as possible.
The first Media person to ask why the non-stimulative AMT fix is in the stimulus package will win respect as a competent journalist. UPDATE - Even Fred Hiatt's WaPo agrees:
[S]ince AMT relief was probably already factored into household plans for this year anyway, it's hard to see how this belongs in an economic stimulus bill.
Speaking for me only
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