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But as more and more taxpayers fall into the clutches of the Alternative Minimum Tax, and credits and phase-outs proliferate, this old-fashioned ploy doesn't always work.
FORBES: Hoist By Your Own Petard
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Congress couldn't have given more than fleeting thought to time when it added things like education credits and alternative minimum taxes to the tax code.
FORBES: Hurry Up And Wait
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Some of this inequality was addressed by the Labour governments through tax credits and the minimum wage, but the share of income going to the top 1% continued to rise inexorably, driven by the financial sector.
FORBES: The Economic Legacy Of Margaret Thatcher
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Indeed, come this fall if President Bush has his way, he will make available to the Soviet Union at a minimum restored access to government guaranteed credits and investment insurance coverage.
CENTERFORSECURITYPOLICY: Center for Security Policy | Read The President��s Lips: ��No U.S. Taxpayer Aid To Gorbachev��
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One year tax credits were able to offset the alternative minimum tax in the annual fix passed by Congress.
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The AMT is intended to impose a minimum tax on people that have substantial deductions or tax credits, such as a lot of children.
FORBES: The Counter-Intuitive Tax
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In addition to education spending, Clinton said Congress should pass "a real patients' bill of rights, " strong hate crimes legislation, and a raise in the minimum wage, as well as targeted tax cuts and tax credits.
CNN: Clinton chides GOP for blocking budget progress
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That's why I think the progress that we've made in offering tax credits for those to afford to be able to have a minimum set of health care -- a minimum standard of health care that allows us not to pay for their health care in that sense, and to get the health care that they need.
WHITEHOUSE: Press Briefing
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He told the participants in a geothermal energy conference what needs to be done to boost geothermal and other renewable energy projects more tax credits and loan guarantees, more funding for transmission, a Federally mandated renewable energy minimum, and a price on carbon.
FORBES: Sen. Reid Goes From Hot Seat To Hot Rocks
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On the other side of the Capitol, House Democratic Whip Jim Clyburn, D-South Carolina, said Democrats were discussing including the alternative minimum tax as part of the package, in addition to the payroll tax cut and business tax credits the Obama team has proposed.
CNN: Key Democrats blast Obama stimulus plan