Unfortunately, the Senator is correct. In fact, the alternative minimum tax that affects now 2 million Americans, if the President's plan is passed, will affect 35 million American taxpayers, nearly 1 out of every 4. Just to fix the part of the alternative minimum tax caused by the President's tax bill will cost nearly $300 billion.
Discussing the impact of the President's tax plan on the alternative minimum tax.
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I do, and I made that argument to the commission, and others on the commission made some of the points that you are making now.
Social Security's financial challenge affects nearly our entire society, and the solutions will require a broad-based approach.
Can I just respond quickly, Mr. Chairman, and say when Simpson-Bowles went down, a group of six of us in the Senate, three Democrats, three Republicans, were asked by leadership to see if we couldn't come up with a way forward to adopt the…
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