Time to Repeal the AMT

Congress has failed to enact the yearly fix to enact the Alternative Minimum Tax, which points out the need to repeal the system permanently. The AMT was enacted original to ensure wealthier individuals pay a great share of income tax than they would have under the then existing system. Since the AMT has not been indexed for inflation, more and more middle-class taxpayers are feeling the pinch of this complicated, parallel tax system.

In 2006, Congress needs to stop altogether with the yearly AMT fixes and put this system to bed permanently. We are one nation; we should have one tax system.