Kevin Brady: “And I know we are having a debate tomorrow on the alternative minimum tax. I think many of us are concerned that this is…”

“And I know we are having a debate tomorrow on the alternative minimum tax. I think many of us are concerned that this is an opportunity to increase taxes. The alternative minimum tax was a mistake to begin with. It targeted a few wealthy millionaires. Now it has spread unintentionally to 3 or 4 million Americans. There is an argument in Washington today that says to a person, we intend to tax you in a couple of years, but we are not going to do that and so we will increase taxes on other Americans to cover the tax increase you don't have.”