Wednesday, December 19, 2007
The Borrowers Win
The AMT bill without any offsets to prevent further borrowing was passed by a whopping majority. This is a good thing for the taxpayers next year, but a bad thing down the line. It also does nothing to change the fact 120,000 families in our District already pay the AMT. Representative Scott Garrett voted for the patch, and the continuation of our District's disproportionate share of the Federal tax burden.