A dispute in congress could mean delays in tax refunds for millions of taxpayers. That's because lawmakers still haven't passed a temporary alternative minimum tax patch for the 2007 tax year -- something they've been promising to do. Congress has to pass it soon in order to give the IRS a chance to implement it before the tax season. Members of the fiscally conservative Democratic Blue Dog Coalition talked about the issue this morning. Rep. Steny Hoyer said, "As Charlie Rangel quoted Russell Long saying, 'Don't tax me, don't tax thee, tax the man behind the tree.' The problem is, ladies and gentlemen, the man behind the tree is not a man. The man behind the tree is a child, a grandchild and a yet unborn individual who will have to pay for our profligacy." Republicans don't want taxpayers hit with the extra cost, but Democrats are worried the alternative minimum tax will add to the already staggering nine trillion national debt.
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