April's Fools: One Born Every Minute (Baucus and the AMT)

http://www.townhall.com/columnists/HermanCain/2007/04/03/aprils_fools_one_born_every_minute ^

[zendari]

On March 23, Grassley sponsored an amendment to the Senate's 2008 budget bill that read, "To amend the budget resolution for fiscal year 2008 in order to accommodate the full repeal of the Alternative Minimum Tax preventing 23 million families and individuals from being subject to the AMT in 2007, and millions of families and individuals in subsequent years." Seems fairly straightforward doesn't it? With the previous statement by Baucus and support of liberals like Chuck Schumer (D-NY), this amendment probably sailed right through with nary a dissenting vote.

Except that it didn't. The vote wasn't even close. A bipartisan coalition of Senate liberals, including Baucus, Schumer and Republicans Olympia Snowe (R-ME) and Judd Gregg (R-NH), defeated the Grassley amendment by a vote of 53-44. As hard as this may be to believe, Senator Baucus lied on the floor of the Senate, and he lied to the American people with his vote on the Grassley amendment. We were all fools to believe him, and we and more of our money will soon be parted.

[zendari]

Too bad the joke is on us; the taxpaying American public.

[lilylangtree]

Just goes to prove that neither RATS nor RINOs can be trusted especially when these bums keep harping “for the good of the people.”

[atomic_dog]

I was bitten badly by AMT and subsequently rearranged my finances to avoid it. I recall asking my accountant at the time why people weren't up in arms against this. His replay was to the effect that "it only catches people in Northern California and New York City."

I am very pleased to see more and more suckers getting caught by this. I am even happier to know that the Federal budget absolutely cannot survive doing away with the AMT.

Ha ha ha! I would be tempted to describe the situation as "immovable object meets irresistible force" but the American tax payer hasn't been an irresistible force since the Boston Tea Party.

[3niner]

"it only catches people in Northern California and New York City."

Obviously, this is an exaggeration, but it does highlight the only good thing about the AMT. It currently catches more liberals than conservatives, and this trend is increasing.