Chief Senate Tax Writers Prefer AMT Repeal: Tax Debate Update
House and Senate lawmakers plan to begin working this week on compromise tax-overhaul legislation.
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House and Senate lawmakers plan to begin working this week on compromise tax-overhaul legislation -- a key step in their drive to send a package of tax cuts for corporations and individuals to President Donald Trump by the end of the year. Here are the latest developments, updated throughout the day:
Two influential GOP senators -- Senator Rob Portman of Ohio, one of the chamber’s main tax writers, along with Senator Orrin Hatch, chairman of the tax-writing Senate Finance Committee -- said their preference is to repeal the corporate AMT.