T07-0034 - Index AMT to 2006 Levels, The Baseline is Tax Cuts Extended with the Itemized Deduction Treated as a 15% Credit and AMT Treated as in 2006, Static Impact on Revenue ($ billions), 2009-17

2009-17 Static impact on tax liability and revenue of indexing the AMT at 2006 levels, assuming the tax cuts are extended and taxpayers must choose between the standard deduction and a credit equal to 15 percent of itemized deductions