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October 7, 2008 11:27:27 PM CDT

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Stories related to: Alternative Minimum Tax

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9 Stories

  • October 2008

    • Senate Puts Pressure on House to Pass Bailout

      Chicago Tribune  |  Oct 2, 08 9:22 AM CDT

      Senate Puts Pressure on House to Pass Bailout

      (Newser) - By resoundingly passing its version of the bailout bill, the Senate has ratcheted up the pressure on House leaders to go along with the plan, the Swamp reports. “We’re going to fix the problem this week,” promised Mitch McConnell. The new bill more than doubles the FDIC insurance cap and eliminates the Alternative Minimum Tax, provisions expected to be a hit with House Republicans. More »

      Tags

      Senate  • bailout  • House Republicans  • FDIC  • Alternative Minimum Tax  • Jack Reed

  • April 2008
  • December 2007

    • Tax Fix Will Delay Millions of Refunds

      Associated Press  |  Dec 27, 07 4:53 PM CST

      Tax Fix Will Delay Millions of Refunds

      (Newser) - The 11th-hour freeze in the alternative minimum tax by Congress last week will delay refund checks for millions of taxpayers this year, the AP reports. Congress shielded middle-class taxpayers from a higher tax bill with its move, but the late date means the IRS won't be able to start processing AMT forms until February. More »

      Tags

      IRS  • Alternative Minimum Tax

    • House Votes to Keep Alternative Tax at Bay

      New York Times  |  Dec 19, 07 5:16 PM CST

      House Votes to Keep Alternative Tax at Bay

      (Newser) - The House voted today to enact a one-year stay of the alternative minimum tax, a measure originally designed to ensure that rich Americans paid their share but has increasingly placed a burden on the middle class, the New York Times reports. President Bush has said he'll sign the legislation, which could save 21 million taxpayers $2,000 on their 2007 returns. More »

      Tags

      Congress  • Bush administration  • Alternative Minimum Tax

    • Bush's Wins Now Could Be Trouble Later

      Washington Post  |  Dec 15, 07 4:53 PM CST

      Bush's Wins Now Could Be Trouble Later

      (Newser) - Christmas came early for President Bush, who’s scored a slew of recent victories over the Democratic Congress. But the wins could threaten both the federal debt and some of his own pet projects, the Washington Post speculates. Bush’s steadfast opposition to tax-increasing spending measures from Democrats could push the federal deficit this fiscal year to almost $240 billion. Even some Republicans are wary. More »

      Tags

      George W. Bush  • Republicans  • budget  • congressional Democrats  • tax breaks  • US Congress  • Alternative Minimum Tax  • No Child Left Behind  • domestic spending bill

    • Dems Relent on Spending Bill

      Washington Post  |  Dec 13, 07 12:07 AM CST

      Dems Relent on Spending Bill

      (Newser) - House Democratic leaders surrendered to pressure from the White House on a wide-ranging domestic spending bill yesterday, dropping demands for $22 billion in additional funding, the Washington Post reports. That still may not be enough for Republicans, who are talking about a possible veto because the bill—$936.5 billion when defense spending is counted—remains $3.7 billion over the president's spending limit. More »

    • Senate Blocks Tax Hikes

      New York Times  |  Dec 7, 07 2:50 AM CST

      Senate Blocks Tax Hikes

      (Newser) - The Senate has voted overwhelmingly to shield 23 million Americans from tax increases imposed by the alternative minimum tax—without replacing $50 billion in lost revenue. The vote to extend protection from the tax represents a retreat for Democrats who had pledged to meet the shortfall with spending cuts or by closing some tax breaks, reports the New York Times. More »

      Tags

      Harry Reid  • Treasury Department  • income tax  • Alternative Minimum Tax  • Max Baucus  • Steny H. Hoyer

    • Early Tax Returns in Jeopardy

      Associated Press  |  Dec 2, 07 2:55 PM CST

      Early Tax Returns in Jeopardy

      (Newser) - If you're planning to file for an early tax refund this year, don't count on it. Congress has dragged its feet in creating a patch for the Alternative Minimum Tax that could make the IRS postpone filing season several weeks, the AP reports. A  limit on who's affected by the AMT expires this year; if it's not extended, 19 million taxpayers will owe an average $2,000 more in income tax. More »

      Tags

      Congress  • IRS  • income tax  • Alternative Minimum Tax

  • November 2007

    • House Passes Alternative Minimum Tax Bill

      Washington Post  |  Nov 10, 07 6:23 AM CST

      House Passes Alternative Minimum Tax Bill

      (Newser) - The House passed a sweeping tax-reform bill yesterday—shifting some $78 billion in taxes from middle-class families to the super-rich—that is expected to get little traction in the Senate and has already drawn the promise of a presidential veto. The bill would exempt middle-income families from the Alternative Minimum Tax and offset the cost by closing loopholes that benefit private equity and hedge fund managers. More »

      Tags

      Democrats  • House of Representatives  • Nancy Pelosi  • private equity  • hedge fund  • Charles Rangel  • Alternative Minimum Tax

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