I'm no fan of Charlie Rangel. However, according to this piece in the Wall Street Journal, he has introduced legislation to repeal the Alternative Minimum Tax.
But Gordon, that's good right?
Yes it is. Unfortunately, the AMT has been a problem that's festered since the mid 1990's. Repealing the AMT is supposedly popular with the leadership of both parties. So why is it that something that's so unpopular is taking so damn long to get rid of?
By the way, if you think the AMT is going to go away anytime soon. Don't count on it.
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