Pass an AMT fix:
http://www.msnbc.msn.com/id/26876844/
The House took steps Wednesday to rein in the alternative minimum tax, carrying out what has become an annual ritual to protect millions of people from getting squeezed by the unwanted tax.
The House voted 393-30 to increase the AMT exemption in 2008, saving more than 20 million taxpayers from getting hit with a tax increase averaging about $2,000.
The House separately approved, 419-4, some $8 billion worth of tax relief for disaster victims.
The votes came a day after the Senate similarly adjusted the AMT as part of a major tax package that included disaster relief, extension of business and individual tax breaks that have expired or will soon expire, and tax incentives for renewable energy investment.
Re: The House managed to do something worthwhile today...