WALLY HERGER: “This bill is the wrong policy for tax-paying families. PAYGO budgeting has put Congress in a straitjacket even on this…”

“This bill is the wrong policy for tax-paying families. PAYGO budgeting has put Congress in a straitjacket even on this temporary fix to the alternative minimum tax which was never intended to ensnare 23 million middle-income workers. In reality, PAYGO fails to rein in out-of-control spending and results in permanent tax increases making tax relief next to impossible. The other body agrees, going so far as to call this nonoffset AMT patch the ``Tax Increase Prevention Act.'' Insisting on PAYGO brings us down the path of massive tax increases over the next decade. We need to stop this PAYGO charade and pass AMT relief without burdensome new taxes on the American people.”