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Three tax increases that would harm the economy and subjectmillions of taxpayers to significantly higher marginal tax rates.
For conservative lawmakers taking stock of the 2005 legislative year, two important lessons stand out. Whether they learn from them could determine the extent of their successes in 2006.
A proposed expansion of the children's health care program wouldprovide subsidies to families so wealthy that they pay the AMT.
Congress recently passed the fiscal year 2010 budget resolution,which includes several provisions that will significantly raisetaxes and hurt economic recovery.
Several proponents of small government oppose repeal of theindividual alternative minimum tax (AMT) despite that tax'sconfusing strictures, bureaucratic nature, and excessive demands onthe American taxpayer. This is due to an unfortunatemisunderstanding of repeal's effects.