{"id":198144,"date":"2007-12-07T06:08:00","date_gmt":"2007-12-07T11:08:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2007\/12\/07\/senate-folds-on-amt-to-republicans\/"},"modified":"2007-12-07T06:08:00","modified_gmt":"2007-12-07T11:08:00","slug":"senate-folds-on-amt-to-republicans","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2007\/12\/07\/senate-folds-on-amt-to-republicans\/","title":{"rendered":"Senate Folds on AMT to Republicans"},"content":{"rendered":"

Let’s be clear about this, the Alternative Minimum Tax is just a flat tax. You compute the regular, and the AMT taxes owed, and choose the higher. For all the talk of millions of people being hit, it’s not a big deal.<\/p>\n

Most of these people, will pay a few hundred bucks more than they would have otherwise.<\/p>\n

When the House passed this bill, they closed loopholes for oil companies and phony capital gains for hedge fund managers to pay for it.<\/p>\n

There were the votes to do that in the Senate, but not the votes to overturn a filibuster, so the Senate caved, and passed AMT relief without paying for it, violating pay-go<\/a>.<\/p>\n

At the very least, Reid could have insisted that the Republicans talk. We need a real filibuster, not one of these 24 hour talk fests, but one where you take a vote when the guy stops talking.<\/p>\n

So far this year, the Republicans have filibustered more times than during any session ever<\/span>, and each session covers two years<\/span>. <\/p>\n

Enough is enough. If the Republicans want to filibuster, make<\/span> them filibuster.<\/p>\n","protected":false},"excerpt":{"rendered":"

Let’s be clear about this, the Alternative Minimum Tax is just a flat tax. You compute the regular, and the AMT taxes owed, and choose the higher. For all the talk of millions of people being hit, it’s not a big deal. Most of these people, will pay a few hundred bucks more than they …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1038,998,978,983],"tags":[],"class_list":["post-198144","post","type-post","status-publish","format-standard","hentry","category-budget","category-congress","category-politics","category-taxes"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/198144"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=198144"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/198144\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=198144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=198144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=198144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}