Alternative Universe

A propos of my earlier post regarding the federal deficit, I'd planned to comment on the news that the Presidential tax-reform commission is looking at getting rid of the AMT. Since Bush gave the Commission a revenue-neutrality mandate (kind of ironic, coming from that guy, no?), the key question here is, where will the make-up revenues come from?

But Mark Thoma has done my work for me (Thanks, Mark!).