Senate bill will keep part of alternative minimum tax

Published December 1, 2017 7:26pm ET



The Senate version of the Republican tax bill will partially retain the alternative minimum tax, a change made Friday to help pay for promises made to GOP senators to secure their votes.

The retained alternative minimum tax will help pay for maintaining a property tax deduction, as well as bigger tax breaks for small businesses. But it will come at the cost of simplification.

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