Passing legislation isn't easy and it isn't cheap!
Since ReformAMT's founding in 2001, our team has been tirelessly pursuing relief through legislation, education, and litigation. In 2006, our efforts led to the passage of HR 3385, which refunded ~70% of your total AMT credits over 5 years. In 2007, our efforts led to the passage of a technical correction to HR 3385, which now refunds 100% of your total AMT credits over 5 years. This year, we are on the verge of passing HR 3861, which accelerates your refund to 1.5 years, removes income caps (phase-outs), abates all outstanding liabilities, penalties, and interest, AND refunds interest and penalties already paid.
The cost of our dedication includes :
- Over $1,000,000 in lobby and legal fees
- Individuals who have taken no salary or compensation and have placed their careers on hold to devote FULL time to this effort
- Expenses related to press and communication
- Expenses related to the web and infrastructure
- Office expenses
- Travel expenses for ReformAMT members to DC
Most of our liability is still outstanding (especially lobby and legal fees). To cover a portion of our past liabilities, a few of us have taken out loans or borrowed.
ReformAMT is structured to maintain the privacy of our members, leaders, and contributors. If necessary, expenses can be substantiated upon time of funding.
The battle isn't over! Our lobby teams will be focusing on the Senate over the next month.
At this time, we sincerely ask for your help to cover our past bills and our upcoming expenses by pledging a small percentage of your refund.
Our severe lack of funds is preventing us from making the progress we need to get our legislation passed. Having pledges to back us up will help us with taking out more personal loans knowing that we can pay our debts.
Thank-you for your support.
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