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I support repealing the Alternative Minimum Tax before the year, perhaps it''s '09 or maybe 2010, it starts affecting incomes under $70K annual. That's gonna mean a GIANT tax increase for, well, for the likes of me ... and i consider myself, in West Los Angeles, decidely middle class.
So unless that's repealed, which you could view as a cut in current tax law, taxes are going to go significantly up for the middle class. And yet, if that were abolished, revenues would not be lower than they are now.
I don't think that's necessarily the "middle class tax cut" Obama is proposing, but it's one I wholeheartedly support.
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