My Comments: President Obama stated he is concerned that too many loopholes exist and too many people are cheating the system. Ahhhh. I guess the President has pretty good knowledge of this problem since the running total of staff members with tax problems is running pretty high.
On a serious note, this could be a good thing if AMT gets overhauled. You should remain skeptical. When a President announces intentions to “rebuild the tax code” it ends up looking more like a band aid.