Defense is a missing piece; education is a missing piece. And this tax cut will create a problem, as I understand it, with the alternative minimum tax. I am told that there is no provision in this budget for alternative minimum tax reform, and that such reform may cost as much as $300 billion over the 10-year-period; is that correct?
John Sarbanes: “Defense is a missing piece; education is a missing piece. And this tax cut will create a problem, as I understand it…”
On the recordMay 9, 2001
Source
govinfo.govEditor's note · Context
Discussing concerns about the budget and its implications for defense, education, and the alternative minimum tax.
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