Senate — Lowers the amount which might be refunded to minimal-cash flow families that spend no cash flow taxes, reducing the expense to $13 billion.
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Senate — About $70 billion to prevent 24 million taxpayers from spending the alternative minimal tax in 2009. The tax was intended to be sure wealthy taxpayers can’t use credits and deductions to prevent paying any taxes or paying at a much lessen amount than would normally be achievable.
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