Republicans race the clock to finish tax reform before Christmas

“Including the individual AMT in the bill, however, gave Senate tax writers $133 billion in revenues on paper to dedicate to other tax cuts” writes Joseph Lawler for The late addition of the corporate AMT drew criticism from, among others, the U.S. Chamber of Commerce.Migdail suggested that the corporate AMT is likely either to be stripped out in conference or the AMT rate lowered to around 11 percent.The addition of the corporate AMT “is a placeholder, but also it was not put in very artfully,” said Evan Migdail, a partner at DLA Piper.

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