Browse By:

Thursday December 13, 2018 Login |Register

A Project of

sponsored by

The Rangel AMT Proposal Versus Unpaid-For Repeal of the AMT: Which Is Better Tax Reform?

Bookmark and Share Report Misuse or Glitches


House Ways and Means Committee Chairman Charles Rangel introduced major tax legislation (H.R. 3970) that would repeal the Alternative Minimum Tax and finance repeal by imposing an income tax surcharge on high-income households. This analysis focuses on the bill’s AMT proposal. That proposal meets the key criteria for tax reform: it eliminates a feature of the current tax code that suffers from a number of problems and replaces the lost revenue in a way that is simpler, more progressive, and probably more economically efficient.