Via BNA (sorry, no link), we learn that Treasury Secretary Henry Paulson, through a letter to House Ways and Means Committee member Rep. Tom Reynolds (R-NY), is imploring Congress to clean up the Bush Administration's mess: If Congress fails to [to implement a one-year AMT "patch"], we estimate that 25 million taxpayers will be subject to AMT in 2007 - 21 million more than were subject to the tax in 2006. We estimate that these 25 million taxpayers will pay on average an additional $2,000 in Federal income tax. For these taxpayers, failure to enact a patch for 2007 would result in a substantial unexpected tax increase. Ummm, Hank, aren't you forgetting something? Effects of 2001-2003 Bush Tax Cuts on AMT Taxpayers in 2008 Current Tax Code (2001-2003 Bush Tax Cuts) Bush Tax Cuts Repealed Number of AMT Taxpayers (millions) 26.5 10.2 Percent of Taxpayers Affected by AMT 28.8 10.6 AMT Revenue per AMT Taxpayer (dollars) 3,264 2,782 Source: Urban-Brookings Tax Policy Center, "T06-0266 - Aggregate AMT Projections, 2006-2017" Image by Flickr user jwinfred. Used under a Creative Commons License.