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  • 00:00ALSO BENEFIT FROM TAX RELIEF TO HELP THEM WITH CHILD AND DEPENDENT CARE EXPENSES. WE GOING TO REPEAL THE ALTERNATIVE MINIMUM TAX. THE AMT CREATES SIGNIFICANT COMPLICATIONS AND BURDENS WHICH REQUIRE TAXPAYERS TO DO THEIR TAXES TWICE TO SEE WHICH IS HIGHER. THAT MAKES NO SENSE, AND WE SHOULD HAVE ONE SIMPLE TAX CODE. AS WE ALL KNOW, JOB CREATION AND ECONOMIC GROWTH IS THE TOP PRIORITY OF THE ADMINISTRATION. NOTHING DRIVES ECONOMIC GROWTH LIKE CAPITAL INVESTMENT. THEREFORE, WE ARE GOING TO RETURN THE TOP CAPITAL GAINS TAX RATE AND DIVIDEND RATE TO 20%, REPEALING THE HARMFUL 3.8% OBAMACARE TAX ON DIVIDENDS AND CAPITAL GAINS.
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Cohn Says Alternative Minimum Tax Will Be Repealed

  • Bloomberg Markets

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April 26th, 2017, 6:05 PM GMT+0000

Gary Cohn, director of the White House's National Economic Council, unveils President Donald Trump's tax plan during a news conference in Washington. (Source: Bloomberg)


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