YOU MEAN IT’S ALL SOME KIND OF POLITICAL SHELL GAME? “The politicians are making loud noises about repealing AMT, but they can’t afford to. If the Bush tax cuts are to be kept in place, the AMT will provide $1.3 trillion of tax revenue in the next 10 years. So don’t believe any politicians who promise to repeal AMT; they’ll get it back from you somewhere else. They have to.” They don’t like to actually cut taxes; they prefer to move them from constituency groups to non-constituency groups.
InstaPundit is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.