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Schumer: AMT is a Punch to the Gut to Middle Class

Sen. Chuck Schumer, a member of the Senate Finance Committee, released the following statement regarding Frist's announcement that there will not be a deal to delay the Alternative Minimum Tax relief for Americans:

"The AMT is a punch in the gut to the middle class, especially in New York. This should have been our number one tax priority and instead, because of right wing ideological objectives, the middle and uppermiddle class will suffer and only the very very wealthy will benefit."