Change on the Horizon: Congress Has Temporary Patches and Core Reform on Its Agenda

Legal Times
Despite the inevitable political posturing in an election year, taxpayers can expect that Congress will address several tax issues before members return to their districts for the final campaign rush. In particular, Marc Gerson writes in this article, Congress is likely to extend provisions that grant relief from the expanding reach of the alternative minimum tax as well as certain expiring tax provisions. Beyond 2008, the tax-writing committees are already preparing for a protracted debate over fundamental reform, a debate that may address significant changes to the corporate tax system.
Related Files
Related Links