Stephanie Tubbs Jones: “I am pleased to see that once again we have a responsible solution to the alternative minimum tax from a broad…”

“I am pleased to see that once again we have a responsible solution to the alternative minimum tax from a broad, policy-oriented perspective. The alternative minimum tax is a critical issue for the American middle class taxpayer who does not get to take advantage of sophisticated tax planning and legal loopholes in the tax code. It is time that we addressed this issue once and for all to relieve the American taxpayer from the agony of dealing with the AMT. A permanent fix is what we really need, but today we have to plug the dike once again. It is particularly ironic that a tax that was meant for 155 wealthy individuals has become the bane of existence for millions of American taxpayers. Indeed the AMT has become a menace. Over seven thousand hardworking Ohioans in my district had the grim task of filing a return with AMT implications in the 2005 tax year. Those are families with children, healthcare costs, unemployment issues, housing costs and the other money matters with which American taxpayers must cope. Tax relief is due.”