Deal to avert ‘fiscal cliff’ could start with alternative minimum tax

Filed under: AM Roundup |

The increase in the alternative minimum tax, which would affect 4.4 million people, could be used as a means to carry a deal through Congress to end the looming “fiscal cliff” that the country is now headed for, said Bloomberg.

The alternative minimum tax increase is the proponent of the agreement that has the most immediate effect on taxpayers, and the one with bipartisan support to end it. Essentially, it’s a $92 billion tax increase.

Read more at Bloomberg.