The extra cuts are needed to deal with what forecasters say would otherwise be a 2013 budget deficit of 4.5% of GDP, way over the 3% limit enshrined in the euro zone's new fiscal pact.
It needs to make savings as early as next year if it is to carry out its promised tax cuts of euro3 billion without breaking the deficit limit decreed by the euro zone's stability and growth pact.
If you're in the danger zone, try to limit deductions that aren't allowed in AMT--for example, unreimbursed employee business expenses. (Ask for a bigger expense account instead of a raise.) And pick your muni bond funds carefully: Certain muni interest is taxed in the AMT.