Like their GOP predecessors, the Democrats in charge of Congressional tax committees continue to wring their hands over the fiscal train wreck looming due to the escalating alternative minimum tax.But agreement on a way to stop that runaway AMT locomotive - a step that many tax accountants say is needed to head off a tax revolt by millions of middle-income American families - seems just as elusive as ever.
The latest legislative foray into the AMT morass - a recent round of hearings by the House Ways and Means Subcommittee on Select Revenue Measures - did at least generate bipartisan concern over the problem.
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