(12-02-2017 09:21 AM)bullet Wrote:  My top priorities were:

1) make the corporate tax rate competitive (20-25%) so we don't bleed jobs.
2) get rid of AMT
3) get rid of phase outs like with itemized taxes (just a hidden higher marginal tax on middle class)
4) raise the floor for the estate tax (its not a priority to totally eliminate it as the House did)
5) Eliminate most of the special breaks on the AMT form

We got 1 and 3. Haven't heard enough to know about 4 and 5 yet.

Wasn’t the base line for the AMT raised pretty significantly though?

I recall when that was first put in place, snatched up a lot of people, not necessarily “rich”. Then it was raised to a point where it didn’t affect nearly as many people, I think that’s what they’ve done here as well.


No?