alternative minimum tax

It was inevitable that conservatives would attack the Senate health care reform legislation over the proposed o.5 percent hike in Medicare’s payroll tax for the country’s highest earners. Now they’re drilling down into the specifics.
Sen. Charles Grassley (Iowa), senior Republican on the Senate Finance Committee, has asked the Joint Committee on Taxation to analyze the [...]

President Obama made headlines last month when he announced a budget wishlist eliminating a number of budget gimmicks used by Washington policymakers to, in effect, purposefully lie to the country about how much the government will collect and spend.
Breaking from previous administrations, Obama’s budget acknowledged that fighting the wars in Iraq and Afghanistan will actually [...]