We’ve been covering the debate in Congress over how to “fix” the AMT. Ways and Means Chair Charlie Rangel has proposed a repeal that includes a tax increase of $3.5 trillion. We’ve also discussed how Democrats are claiming that their move to block a tax increase that was never supposed to happen justifies raising taxes by trillions to make up for the supposed loss. Now as Democrats prepare to take up a short-term AMT patch, it turns out that the bill looks like it’s been written by wealthy campaign donors. The New York Times chronicles how helpful Chairman Rangel’s bill is to his campaign donors:
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