Thank you for contacting me regarding the Alternative Minimum Tax (AMT). I appreciate hearing from you, and I agree with the notion that the AMT is broken and needs to be fixed.
The AMT has vastly outgrown its original purpose of preventing a handful of wealthy citizens from avoiding the income tax altogether. It has become a stealth tax, an unintended burden which surprises an increasing number of middle-class Americans each year, eroding the value of Nebraska families' deserved tax breaks. I agree that action must be taken to correct this unintended consequence of the AMT's legitimate policy objective of narrowing the tax gap by curbing abusive tax avoidance. As you know, in recent years, the Senate has enacted temporary patch legislation to increase the AMT exemption to prevent the tax from encroaching further on the middle class.
For a more permanent solution, Senators and , Chairman and Ranking Member, respectively, of the , have introduced the Individual Alternative Minimum Tax Repeal Act of 2007, S. 55, to totally repeal the AMT for individual taxpayers. S. 55 remains before the Finance Committee, of which I am not a member. Please know I will keep your thoughts in mind should S. 55 or similar legislation come before the full Senate for debate.
Thank you again for contacting me. The legislative process will only work with the input of concerned citizens, and I encourage you to continue sharing your views.
United States Senator
So there's nothing he can do for the time being, but wasn't it nice of him to send an email? Shoot, I feel all fuzzy inside. Which I'm sure has nothing to do with the spiked eggnog I'm drinking. Mmmm. Eggnog.