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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. She covers the latest news and politics, and is attuned to the region's rich culture and history.