Grassley on the AMT

Senator Chuck Grassley has a piece in today's Wall Street Journal arguing that the AMT ought to be repealed regardless of the Democrat "paygo" rules. All he says is true. The income that the AMT produces for the federal government is like booze to an alcoholic. The alcoholic thinks he can't do without the booze. Congress thinks the government can't do without the AMT. Both are wrong. The cure for both is to quit cold turkey.