Obama’s Minimum Tax on Millionaires May Conflict with AMT

President Obama stuck to his main priorities in his State of the Union address on Tuesday night, with just a few surprises in the way of tax reform.

“I don’t think those priorities are particularly new,” said Rick Bailine, principal in charge of McGladrey’s Washington National Tax Office, in an interview Wednesday. “The three priorities that he seemed to set out were fairness, jobs and energy. He did tie the notion of tax policy to helping follow through on each of those three priorities.”