Novak: Hoyer and Van Hollen Negligent on Alternative Minimum Tax
By Politicker StaffOn Sunday, conservative columnist Robert Novak singled out House Majority Leader Steny Hoyer and Rep. Chris Van Hollen for a committee study showing that their districts are disproportionately affected by the alternative minimum tax (AMT).
The AMT, originally intended to catch millionaires who do not pay taxes, now hits middle-income earners because it was not indexed for inflation. According to a recent staff report of the House Ways and Means Committee, 107,990 tax returns in Van Hollen's district and 102,221 in Hoyer's are affected by the AMT.
Congress recessed for Thanksgiving without fixing the problem in time to permit the Internal Revenue Service to make timely tax refunds.
On November 9, the House passed a bill to ease the AMT through tax cuts for middle-income homeowners and low-income parents, offset by tax increases on wealthier businesses. Both Hoyer and Van Hollen voted in favor of the bill.
The Senate has yet to take action.
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