House Ways and Means Chairman Kevin Brady, who's overseeing theHouse-Senate conference committee for tax negotiations, saidrepealing the corporate alternative minimum tax is “one of thepriorities” for the conference.

Sen. John Thune, the chamber's third-ranking Republican leader,said House and Senate representatives may meet Tuesday to discussthe issue. “There's a high level of interest” in minimizing themeasure's impact, said Thune, of South Dakota.

House lawmakers have concerns about the Senate's last-minutechange 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 toreconcile with the Senate.”

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