{"id":7975,"date":"2008-06-26T00:00:00","date_gmt":"2008-06-26T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"house-denies-alternative-minimum-tax-expansion","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2008\/house-denies-alternative-minimum-tax-expansion.html","title":{"rendered":"House denies alternative minimum tax expansion"},"content":{"rendered":"<p>Seattle Times- The House on Wednesday approved a plan to protect more than 20 million families from an expensive levy called the alternative minimum tax (AMT) while raising taxes on hedge-fund managers and oil companies. But the measure has little hope of Senate passage, Senate leaders said. <\/p>\n<p>The House voted 233-189 to prevent the AMT from expanding next April to ensnare millions of middle-class taxpayers, adding thousands of dollars to their tax bills.<\/p>\n<p>To replace the lost revenue, more than $61.5 billion, the House agreed to more than double the tax rate on income from investment-services partnerships such as hedge funds, to deny oil and gas companies a lucrative deduction for domestic production, and to require credit-card companies to report their transactions with retailers to the Internal Revenue Service, among other provisions.<\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/seattletimes.nwsource.com\/html\/politics\/2008018031_watch26.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Seattle Times- The House on Wednesday approved a plan to protect more than 20 million families from an expensive levy called the alternative minimum tax (AMT) while raising taxes on hedge-fund managers and oil companies. But the measure has little [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[1095,1097,1096,1093,197,1094,592,198],"class_list":["post-7975","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-candover","tag-corporations","tag-foreclosed-homes","tag-gas-business","tag-housing-market","tag-investment-value","tag-merger-talks","tag-wagers"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7975","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=7975"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7975\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=7975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=7975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=7975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}