Yes, and that number grows. So in addition to these taxes expiring on their own, the fix on the alternative minimum tax has got to be removed and/or a permanent fix put in place, which will be quite daunting for anyone to get done, particularly in a Congress, which my sense is they would rather increase taxes than deal with the tough decisions of cutting spending.
Mike Conaway: “Yes, and that number grows. So in addition to these taxes expiring on their own, the fix on the alternative minimum tax…”
Editor's note · Context
Discussing the need for tax reform and the challenges of addressing the alternative minimum tax.
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