Political Quotes

Kent Conrad: the alternative minimum tax will affect an additional 20 million families if it is not dealt with. In the budget…

On the recordMarch 13, 2008
the alternative minimum tax will affect an additional 20 million families if it is not dealt with. In the budget resolution, we have a 1-year patch to prevent additional families from being hit. This is at a cost of some $62 billion. For the outyears, we are providing in this amendment for a reserve fund that is fully offset so it does not add to the deficit and debt. I ask my colleagues to support this amendment.
Said by
Kent Conrad
Democratic · North Dakota

Editor's note · Context

Discussing the impact of the alternative minimum tax and proposing a budget amendment.

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