WASHINGTON, Nov. 1 (UPI) -- More than 30 million U.S. household could be slapped by the alternative minimum tax if Congress fails to act after next week's election, observers said.
While Democrats and Republicans agree the election will help determine who has leverage in taxes-and-spending negotiations, congressional aides and tax lobbyists said fixing the AMT could be a a rare spot of agreement no matter who wins, The Hill reported.