Trump: ‘We Are Making Our Taxes Simple Again’

TRUMP: "We are also repealing the alternative minimum tax or AMT. About done. The AMT is actually a shadow tax system that requires many people to calculate their taxes two different ways and pay the higher of the two amounts. You’re all familiar with it. Under our framework, the AMT will make even less sense because we’re repealing many of the special interest tax breaks that it was designed to deal with. We are making our taxes simple again. We are simplifying our tax system. To protect millions of small businesses and the American farmer, we are finally ending the crushing, the horrible, the unfair estate tax or as it is often referred to, the death tax." (Applause)