AMT reform

[MontanaEA]

This is an interesting opinion piece:

http://news.yahoo.com/s/usatoday/20071206/...aN0SGROvS79wxIF

[kcjenkins]

That is a good article. The private equity manager thing is one [probably the only] place where I agree with the Dem position. But, in fairness, it's top pols in BOTH parities who are protecting that loophole. Too bad neither party is willing to worry more about fairness and less about contributors. The AMT was a bad idea when it was passed, and because it was so badly written, it has just steadily gotten worse.

[jainen]

>>place where I agree <<

I agree with the typo in the sixth paragraph, that many of our favorite deductions are "scared cows" in the current political environment.

[JohnH]

Is the "scared cows" a reference to the deductions, to the politicians, or both?