U.S. House Passes AMT Relief Act

The House just passed the Alternative Minimum Tax Relief Act of 2008 that will provide $50 billion in middle class tax relief.

Rep. John Yarmuth (D-No Backbone on FISA) supported the bill’s passage. Here’s what he had to say, “This bill will prevent 43,000 Louisvillians from being unfairly taxed at a higher rate. It’s one more way that we can ease the burden on our hard-working families, and I will continue to fight for policies that help people with the skyrocketing cost of gasoline, food, health care, and education.”