September 19, 2002

Many Taxpayers To Lose Tax Cut to AMT

A new study by the Tax Policy Center, argues that up to 36 million people will lose out on part or all of the benefits of the 2001 tax cut, as they become covered by the Alternative Minimum Tax. Suggested reforms would cost the budget $440 to $950 billion over the next decade. See this press release, this brief on the issue and the fuller analysis. Posted by Nathan at September 19, 2002 09:31 AM