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The AMT Patch: A Few Months Late and $51 Billion Heavy

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Publication Date: December 2007

Publisher(s): Heritage Foundation (Washington, D.C.)

Author(s): JD Foster

Series: WebMemo

Topic: Banking and finance (Taxation and tax policy)

Keywords: Taxes; tax code; tax increase; tax hike

Type: Brief

Coverage: United States

Abstract:

Congress must prevent an unnecessary tax hike and should reform the budget rules to eliminate the threat of similar tax hikes in the future.