Hatch and other Republicans said the AMT issue provides a good reason to vote for House Speaker John Boehner's plan to extend expiring tax cuts for everyone who makes less than $1 million. Boehner said his proposal is a backup plan in case stalled talks with President Barack Obama fail. The bill, which is scheduled for a vote in the House on Thursday, would permanently patch the AMT.
"It gives us 100 million more reasons to pass the Republican plan now," said Rep. Dave Camp, R-Mich., chairman of the tax-writing House Ways and Means Committee.
Obama said Boehner's bill is a poor alternative to serious discussions about a comprehensive deficit-reduction package. Lawmakers from both political parties expect the AMT to be adjusted in any comprehensive deal, if one can be reached.
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