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House OKs Bill Curbing Alternative Minimum Tax

The House of Representatives has passed a bill intended to keep millions of middle-class taxpayers from having to pay the Alternative Minimum Tax. That tax is intended for the very wealthy.

The bill pays for the change by raising tax rates on private-equity and hedge-fund managers.

Copyright 2022 NPR. To see more, visit https://www.npr.org.

Debbie Elliott
NPR National Correspondent Debbie Elliott can be heard telling stories from her native South.