Mitch Landrieu: “Senate Republicans have time and time again voted to reform and repeal the alternative minimum tax, a stealth tax that…”

“Senate Republicans have time and time again voted to reform and repeal the alternative minimum tax, a stealth tax that was promulgated in 1969 to ensure some 155 wealthy Americans paid at least some level of Federal tax but which today threatens to entrap more than 20 million American taxpayers this year alone. I know the majority leader shares my desire to fix the alternative minimum tax and to extend other expiring tax provisions later this year. In fact, as the IRS has told us, the inexplicable inaction at this point has already the potential to wreak havoc on the tax-filing season. I have been encouraging my colleagues on the other side of the aisle to work with us to do this for quite some time. So both my friend, the majority leader, and I know this is an issue that must be addressed. That is common ground, and that is good. But let's be clear. Republicans want to extend the alternative minimum tax patch and expiring tax provisions without increasing taxes on other Americans.”