Lawmakers Move to Fix AMT Amid Senate Hurdles
In a bid to shield 23 million middle income Americans from a 2007 AMT tax increase lawmakers push patch plans. Bush urges quick action to avoid refunds and revenue losses while Senate Republicans resist specific AMT proposals amid doubts on offsets and funding.
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Washington
Congress
Wall Street
Senate
Bush
Treasury Department
Congressional
Jim Manley
Harry Reid
Dnev
Charles Rangel
D-N.y
House
Ways and Means Committee
Reid
Senate hearing critics card rate hikes spar with issuers
A Senate Homeland Security subcommittee heard from consumers and issuers about automatic APR increases. Janet Hard described a jump from 18% to 24% after a soft default assessment. Bank and card executives defended risk based pricing and term adjustments as necessary for broad credit access.
MENTIONED IN THIS ARTICLE
Washington
Senate
Senate Committee On Homeland Security and Governmental Affairs
Carl Levin
D-Mich
Levin
Freeland
Mich
Janet Hard
Discover
Hard
Senate Permanent Subcommittee On Investigations
Discover Financial Services
Capital One Financial Corp
Bank of America Card Services
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the Darjeeling Limited
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Southwind
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Ke Ap
Ata
Fred Claus
Bret
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the Certifcates Walton
Massachusettes
Roger Hochschild
SSR Cou
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Mastercard
American Express
Hancock Fabrics Fashion Textiles & Home Decor
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