Chandra, unlike a revision or update to existing rules or procedures, like what happened with the revisions to section 174 following the Tax Cuts and Jobs Act, the enactment of an entirely new tax, the corporate AMT brings with it a myriad of issues.

Source: https://www.forbes.com/sites/taxnotes/2023/11/07/navigating-new-guidance-on-the-corporate-alternative-minimum-tax/

Meanwhile, Bernstein said lawmakers should “ignore” and “ridicule” any Republican lawmakers who supported the Tax Cuts and Jobs Act of 2017, which cut tax rates and eliminated several tax loopholes.

Source: https://www.dailysignal.com/2023/05/10/keys-understanding-bidens-nominee-top-economist-pushed-irs-expansion-green-new-deal/?utm_source=rss&utm_medium=rss&utm_campaign=keys-understanding-bidens-nominee-top-economist-pushed-irs-expansion-green-new-deal