[Congressional Record (Bound Edition), Volume 156 (2010), Part 5]
[House]
[Pages 6072-6073]
[From the U.S. Government Publishing Office, www.gpo.gov]




                         THE AMT ADJUSTMENT ACT

  (Mr. HALL of New York asked and was given permission to address the 
House for 1 minute.)
  Mr. HALL of New York. Mr. Speaker, a critical component of our 
economic recovery is tax relief for our middle class. I rise today to 
urge my colleagues to support the AMT Adjustment Act, which eliminates 
the AMT from the lives of most middle class families and greatly 
reduces it for the rest.
  In places with a high cost of living like New York's Hudson Valley, 
more and more middle class taxpayers find themselves paying the 
excessive AMT. We must restore balance to the Tax Code and prevent this 
millionaire's tax from hitting the middle class for once and for all.
  H.R. 5077 increases the amount of income exempt from the AMT and 
permanently fixes the tax by indexing it to the cost of living. Tax day 
is bad enough already, and it shouldn't have big surprises to the tune 
of thousands of dollars our families have to pay.

[[Page 6073]]

  Congress must stand up for the middle class. I urge support for this 
bill.

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