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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It takes guts to do that, and Chairman Arrington, you have certainly led the charge on having a commission.
Fully 64 percent of the American people said they were worried about not having enough money for retirement.
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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