Hurry Up and Wait
Last week the House of Representatives passed an AMT patch for 2008. That patch contained offsets (tax increases) which doom it in the Senate. Further, President Bush promises a veto if it somehow manages to make it out of Congress.
Eventually, Congress will pass a patch which doesn't contain offsets. Will it be in September or November? I think we're looking at a replay of 2007 and November is optimistic.
Eventually, Congress will pass a patch which doesn't contain offsets. Will it be in September or November? I think we're looking at a replay of 2007 and November is optimistic.