T07-0344 - H.R. 3818, The Republican Study Committee Taxpayer Choice Act, Impact on Individual Income Tax Revenue with Behavioral Response ($ billions), 2008-18

2008-18 Impact on individual income tax revenue for H.R. 3818, the Republican Study Committee's Taxpayer Choice Act (with a behavioral response). H.R. 3818 permanently repeals the individual alternative minimum tax (AMT), permanently extends the 2003 rate cuts on capital gains and dividends, and allows an election between the current tax code and an alternative tax code with no deductions or credits and reduced rates.