John Hall: “the nineteenth district of New York is one of the districts in this country most affected by the AMT. Last year over…”

“the nineteenth district of New York is one of the districts in this country most affected by the AMT. Last year over 30,000 families in my district paid AMT. I wish we had the support in both the majority, and the minority, that we need to advance the major tax reform necessary to prevent the AMT from unfairly penalizing thousands of families in the Hudson Valley. The ``patch'' legislation that we considered today is the best legislation that we can pass at this time to prevent more families from being impacted by the AMT, and will ensure that an additional 70,000 families in my district alone will not be hit next year by the AMT. I am proud that the Democratic Majority in the House of Representatives has twice passed a responsible AMT patch; offsetting the $50 billion in lost revenue from the AMT by eliminating tax loopholes for some of the richest people in the country, who choose to use offshore tax havens to avoid paying their fair share of taxes. However, neither the President nor his allies in Congress are fiscally responsible.”