With less than 60 days into the presidential election, both Obama and McCain are advocating their own tax (cut) plans. But what about the AMT (alternative minimum tax)?
John McCain used to advocate a permanent repeal of the AMT, but recently he modified his message to a gradual phase out of the AMT, which means it will not have any real impact soon.
Obama does not seem to mention AMT in his campain website.
In the end, whatever have been promised may not be realistic after all. Only time can tell.