House Ways and Means Chairman Kevin Brady, who's overseeing the House-Senate conference committee for tax negotiations, said repealing the corporate alternative minimum tax is “one of the priorities” for the conference.
Sen. John Thune, the chamber's third-ranking Republican leader, said House and Senate representatives may meet Tuesday to discuss the issue. “There's a high level of interest” in minimizing the measure's impact, said Thune, of South Dakota.
House lawmakers have concerns about the Senate's last-minute change to preserve the corporate AMT at 20%, Brady said Tuesday. The move would “undermine the pro-growth provisions in that code,” he said. “This is one of those issues we're going to have to reconcile with the Senate.”
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