Karl Denninger of Market-Ticker.org says the one thing that needs to be fixed is the Alternative Minimum Tax (AMT). Denninger says, “It is going to hammer tens of millions of middle class families that have never had to pay it before.”
from usawatchdog:
Instead of a tax refund, some middle class families might owe a few thousand dollars in 2013. The AMT might get a patch, but Denninger thinks, “There will be no deal on the Fiscal Cliff by January 1st.” Join Greg Hunter of USAWatchdog.com as he goes One-on-One with trader/analyst Karl Denninger.
~TVR
