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Wednesday, February 11, 2009

On the Campaign Trail with Ed Tibbetts: Grassley's AMT a target

Excerpted from this post at On the Campaign Trail with Ed Tibbetts

U.S. Sen. Chuck Grassley's $70 billion Alternative Minimum Tax fix is
turning out to be a choice target of the left now that the economic
stimulus bill is going to a conference committee. (The Senate passed
the $838 billion measure today on a 61-37 vote). A writer on the
Center for American Progress web site said today the fix "fails
utterly and completely to meet any rational measures of job creation."
Sen. Tom Harkin, D-Iowa, also said today it's got to go. "Congress
must fix the AMT, but it's not needed in the stimulus," he said. It
may be tough to get it out. Even House Majority Leader Steny Hoyer,
D-Maryland, says the AMT piece will probably be in the final bill,
according to Congressional Quarterly.

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