(THREAD) Epic screw-up in the tax bill the Senate just passed. They lowered the corporate rate to 20%, but accidentally put in an alternative minimum tax (AMT) of 20%. That's right. The same rate. (Maybe rushing it through wasn't the best idea). Here are some implications:
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Replying to @NGrossman81
They'll change it for sure. We can't get that lucky!
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Replying to @cdunn01
No doubt. But changing it means there have to be other changes too (since the AMT would've raised a lot of money). And that means there will be a contentious vote in the Senate's future.
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Replying to @cdunn01
It has to be. It negates most of the other corporate tax-related provisions they wrote into the bill.
7:06 PM - 5 Dec 2017
from Illinois, USA
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