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Politics : THE WHITE HOUSE
SPY 688.93+0.5%Jan 22 4:00 PM EST
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To: DuckTapeSunroof who wrote (10767)11/13/2007 9:41:56 AM
From: Jim S  Read Replies (2) of 25737
 
As I understand it, the 'real' reason nobody has attempted to do anything about the AMT is "pay-go" (pay as you go). That is, there's a Senate rule (or maybe in the House?) that requires any new programs or changes to existing programs, to be paid for by either a new tax or a reduction is spending elsewhere.

As I think about it, it must be a House rule, since all tax and spending bills must originate in the House of Representatives.
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