The Occasional Observer

Don't think the AMT is coming for you soon? Well, think again. The budget Bush just submitted anticipates that a whopping $499 B (that's billion, with a B) will be collected by AMT by 2012. The one-year shield for 2007 is anticipated not to be renewed, such that 26.5 M taxpayers will be hit by AMT next year - compared to only 3.5 M last year.

Where are the days of smaller government conservatives??? Mitt, please save us! Looming entitlement payouts threaten to cripple the economy over the next decade. We need much better fiscal policy and restraint from the next president.