Fix AMT Now: Middle Class Taxpayers Can’t Afford to Wait
November 9, 2007
Washington, D.C. – U.S. Senate Republican Leader Mitch McConnell issued a statement Friday regarding House passage of the Democrats’ massive tax increase:
“The last thing the American people need right now is a massive tax increase which would be a dangerous jolt to our economy. Congress must pass a responsible fix to this middle class tax hike, the AMT; a fix that doesn’t replace one massive tax increase on Americans with another.
“The IRS sent Congress a letter warning the Democrat leadership that, unless this problem is fixed before Thanksgiving, the tax returns of 50 million taxpayers—and $75 billion in tax refunds—will be delayed. We must take action to fix the AMT before Thanksgiving—without raising taxes. Middle class taxpayers can’t afford to wait.”
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