host: john buckley is our guest talking about the alternative minimum tax as part of the fiscal cliffiations, and as mr. buckley said, this index 2012 taxes, which it is impacts 0.12 tex., so if you have a -- impacts 2012 taxes, so if you have a question, call in. does the amt date back to before the 1980's? guest: this was a tax reform proposal from the kennedy administration. there had been -- has been a variety of forms of the minimum tax. the current one is basically the 1986 version. host: this is "the washington post" graphic on the alternative minimum tax. right now, it hits about 500 million. it would keep which it reached deep into the middle class. white -- it would reach deep into the middle class. why are high-tax states factoring in? guest: is a higher exemption, and they call it the blue state problem, because it applies to upper-income people in states with robust income taxes. one of the biggest deductions disallowed in the amt is the deduction for state income taxes. currently, if you have a patch, it is a problem that most often falls between $200,000 and $500,000 of

john buckley, let's begin. what is the alternative minimum tax? >> guest: in simple terms, the alternative minimum tax requires you to pay the greater of what you pay under the tax overshoot compute under the minimum tax, which has a slightly broader base. it disallows some deductions that would be allowed. in some respects, it is very similar to the tax on itemized deductions being discussed rather than directly attack preferences and expenditures, it essentially puts an overall cap on the benefit. there's no new ideas in this debate. the cap is a very strong relationship. >> curious form 625 from the irs for the 2011 tax preparation. here is part 1, the alternative minimum taxable income in all these instructions, 28 of them to help you come up whether or not you fall into the amt. how does this work? how do you know? >> guest: i believe you can only do this with computer programming. the program's tax return preparing you. if we didn't have computers repairing tax returns, i do believe the am t. would've been told a long time ago. if people rea

john buckley, let's begin. what is the alternative minimum tax?guest: well, in very simple terms, the tax requires you to pay the greater of what you pay under the regular income tax or what you would compute under the minimum tax which has a slightly broader base. it disallows some deductions that would be allowed in the regular tax. in some respects it's very similar to the cap on itemized deductions that's currently being discussed. rather than directly attack preferences and expenditures, it essentially puts an overall cap on the benefit. there's no new ideas in this debate. the cap bears a very strong relationship to how the alternative minimum tax works. >> host: here is the form 6251 from the irs for the 2011 tax preparations. and here's part one, thetive minimum taxable income and all these instructions, 28 of them, to help you come up with whether or not you fall into the amt. how does this work? how do you know? >> guest: you know, i believe that you can only do this with computer programming. the programs tax return prepared. if we didn

and then georgetown university law professor john buckley looks of the history of the alternative minimum tax and how it is being dealt with in negotiations. plus, your tweets, phone calls and e-mails. that is live tomorrow morning on "washington journal" on c-span. a closed-door briefing earlier today to outline the proposal of president obama for the so- called fiscal cliff. what is the proposal? >> the top line #would be about $2.20 trillion in the budget control act. and they say compared to what the white house put out, the white house says it offers $4 trillion when using the same accounting as the white house, it would be about $4.60 trillion over 10 years. republicans say it would come from tax reform, but not to increasing tax rates. that has been a sticking point thus far in negotiations. >> you are talking about the bush tax rates? >> all of the bush era tax rates would be extended into next year and that would start the process for tax reform. it would be in the tax reform process that there would generate -- and they would generate $800 million -- $800 billion in revenue. and

joining us to discuss is georgetown law's john buckley. thank you for being here. what is the alternative minimum tax? guest: in simple terms, the alternative minimum tax requires you to pay the greater of what you would pay under the regular minimum tax, or a slightly broader base. it would allow some deductions. in some respects common it is very similar to the tax on itemized deductions being discussed right and preferences and expansion -- rather than a kowt in the overall expenditures. there are no new ideas in this debate. the captive bears a very strong relationship to how the alternative minimum tax works. host: here is form 6251 from the irs 2011 tax preparation here is part one, the alternative minimum tax income. how does this work? how do you know? guest: i believe that you can mulally do this with computer programming, the programs the tax preparers returned. if people had to go through and fill out all of the details, there would have been a strong revolt against the complexity. it is extremely burdensome if you try to do it without tax return corpora

john buckley, let's begin. what is the alternative minimum tax?simple terms, the alternative minimum tax requires you to pay the greater of what you pay under the regular income tax or what you would compute under the minimum tax which has a slightly broader base. it disallows some deductions that would be allowed in the regular tax. in some respects it's very similar to cap on itemized deductions that's currently being discussed. rather than directly attack preferences in expenditures it essentially puts an overall cap on benefit. there's no new ideas in this debate. the cap bears a very strong relationship to how the alternative minimum tax works. host: here is the form 6251 from the i.r.s. for the 2011 tax preparations. and here's part one. the alternative minimum taxable income. 28 of these to help you come up with whether or not you fall into the a.m.t. how does this work? how do you know? >> you know -- guest: you know, i believe that you can only do this with computer programming. the program's tax return preparing. if we didn't have comput

john buckley thank you for being here. what is the alternative minimum tax?>guest: you pay the greater of the regular income tax or under the minimum tax that has the broader-based to disallow those deductions. >> in some respects it is similar to the itemize deductions rather than directly attack it puts the overall cap there is no new ideas it bears a strong relationship. >>host: here's the form for the 2011 tax preparation the alternative minimum taxes you fall into it? how do you know, ? >> i believe you could only do this with computer programs like tax prepares if fried did not have that i do believe that at&t would have been killed along time ago if people really had to do that to figure out the details there would be a strong revolt against the complexity. it is extremely burdensome if you try to do it without preparation. >>host: give us the history. >>guest: in the current form enacted 1986 with long been the goal of proponents to have a robust minimum tax. that gratify fact they could not direct reduce tax expenditures sews they saw of this feasibl

buckley. thank you for being here. john, let's begin. what is the alternative minimum tax? >> guest: in very simple terms, the tax requires you to pay the greater ever what you pay under the regular income tax or what you compute under the minimum income tax with a slightly broader base disallowing deductions that would be allowed in the regular tax. in some republics, it's very similar to the cap on itemized deductions that's currently being discussed rather than directly attack preferences in expendtures, it essentially puts a cap on the benefit. there's no new ideas in the debate. the cap bear a strong relationship to how the alternative minimum tax works. glrs -- >> host: here's the form from the irs, and part one, the alternative minimum taxable income, all the instructions, 28 of them, to come up with whether you fall into the amt. how's it work? how do you know? >> you know, i believe you can only do this with computer programming. the programs tax preparing, and if we didn't have computerized preparing tax returns, i believe the amt would have been refeeled a long t

joining us is john buckley. what is the alternative minimum tax? guest: it requires you to pay the greater of what you pay under the -- it has a slightly broader base. it disallows some deductions that would be allowed in the regular tax. it is similar to the cap on itemized deduction currently being discussed. rather than directly attacked preferences in its expenditures. it puts an overall cap on the benefits. there is no new idea in this debate. the captors a strong relationship develop alternative minimum tax works. host: here is the form for the 2011 tex preparations and here's part one. and all these instructions, 28 of them. how does this work? how do you know? guest: i believe you can do this with computer programming. the programs for tax returns. amt would haveea been repealed if we didn't have computer software. there would been a strong revolts against the complexity much less the additional tax. it is burden some if he tried to do that without tax return software. host: give us the history of the amt. guest: it had been a goal to have

join president obama to extend the tax rates for the highest income earners the law professor john buckley at the history of the tax, plus your e-mails, phone calls, and tweets. in a few moments, a forum on energy security. in a little less than an hour and a half, 20 years since russia and the u.s. agreed to secure and nuclear weapons in the former soviet states, and a look at proposals but could be negotiations over the fiscal cliff. >> we are at the new york state museum. this is dedicated to the history of september 11 and the attacks at the world trade center. we have established the gallery to tell the story of the first moments of the attack using photographs from the world trade center site. there is a piece of steel. we put it in a place where the public can come and touch it. it gives a tangible experience. this is a piece of steel from the north towers. this is a dramatically bent piece of steel. this is within 10 floors of the impact, and you can see the openings with this piece of metal strips that would have held aluminum. every piece of steel marks which side of the building

buckley in the end zone. 28-7 at the half. third quarter, vitali again. his third td of the game. 35-7. the rout is not over. johnvelasco, two touchdowns. a nice little 25 yarder here. sparts with six rushing t.d.s, cruising to a 49-15 victory. >> that heisman trophy handed out today in new york. the best player in the land. finalist, manti te'o, johnny manziel from texas a&m and collin klein from kansas state. here your winner. >> and now, the 2012 winner of the heisman memorial trophy is... johnny manziel. >> mike: needed a drum roll. johnny manziel, 4600 yards, 24tss, 1100 yards and manziel the first freshman ever to win the heisman. >> the body of this fraternity, what mother it is. i'd like to start by thanking the heisman trust and everybody who make this week present possible. what a great experience to meet the people i have. manti, collin, not only great football players but great guys off the field as well. >> college football's bowl season kicks off next week. regular season wrapped up with the army navy classic. this is a love-hate matchup. both rally when defending our country but not when defending

buckley in the end zone. 28-7 at the half. third quarter, vitali again. his third td of the game. 35-7. the rout is not over. johna nice little 25 yarder here. sparts with six rushing t.d.s, cruising to a 49-15 victory. >> that heisman trophy handed out today in new york. the best player in the land. finalist, manti te'o, johnny manziel from texas a&m and collin klein from kansas state. here your winner. >> and now, the 2012 winner of the heisman memorial trophy is... johnny manziel. >> mike: needed a drum roll. johnny manziel, 4600 yards, 24tss, 1100 yards and manziel the first freshman ever to win the heisman. >> the body of this fraternity, what mother it is. i'd like to start by thanking the heisman trust and everybody who make this week present possible. what a great experience to meet the people i have. manti, collin, not only great football players but great guys off the field as well. >> college football's bowl season kicks off next week. regular season wrapped up with the army navy classic. this is a love-hate matchup. both rally when defending our country but not when defending the goal line. navy strik

buckley in the end zone. 28-7 at the half. third quarter, again, bowls his way into the end zone. third td of the game. 35-7. route is not over. johngame. this one a 25-yard run splitting the defense. spartans with six rushing touchdowns. dela salle cruises to a 49-15 victory. >>> the heisman trophy was handed out yesterday in new york for the best lay -- player in the land. there were three finalists. the winner is. >> and now, the 2012 winner of the heisman memorial trophy is johnny manzel. >> the drama. johnny manzel accounted for 4700 yards this year for texas a&m. he led them to a 10-2 record including an upset of then a top-ranked alabama. manzel becomes the first freshman ever to win the heisman. >> to be invite into this fraternity, what a pleasure it really is. i would like to start by thanking the heisman trust and everyone who made the weekend possible. when a great experience was it to meet the people i have, mantai and collin, not only great football players but great guys off the field as well. >> now known as johnny heisman. >> and bowl season kicks off next week. regular season wrapped up yesterday. the army-navy ga

buckley. dr. edwards is founding director of the institute of political journalism at georgetown and was a fellow at the institute of politics at jfk school of government at harvard. john lewis gaddis next to me is one of the leading historians of the cold war. he won the pulitzer prize for his biography of the diplomats george f. cats. john lewis gaddis's work as robert lovett prof. of history and influenced the work of cold war historians all over the world. played a major role on uncovering the role of leadership personalities, the influence of his work can be seen in the 24 part cnn television series cold war. a graduate of universal -- yale university, class of, can you help me, i was missing that detail. mr. evans, his book blacklisted by history the untold story of senator joe mccarthy and his fight against america's enemies gives an account of the age of mccarthyism during the cold war. evans has been the recipients of honorary doctorates from institutions like syracuse university and the john marshall law school and has won accuracy in media irvine award for excellence in journalism. join me in welcoming our panelists. [applause] [applause] >> lee, would you l

buckley in the end zone. 28-7 at the half. third quarter, again, bowls his way into the end zone. third td of the game. 35-7. route is not over. john had two tds in the game. this one a 25-yard run splitting the defense. spartans with six rushing touchdowns. de la salle cruises to a 49-15 victory. >>> the heisman trophy was handed out yesterday in new york for the best player in the land. there were three finalists. the winner is -- >> and now, the 2012 winner of the heisman memorial trophy is johnny manzel. [cheers and applause] >> oh, the drama. johnny manzel accounted for 4700 yards this year for texas a&m. 24 touchdowns, running 1181 yards and 19tds, leading them to a 10-2 record, including an upset of then a top-ranked alabama. manzel becomes the first freshman ever to win the heisman. >> warriors on a seven-game road trip and with last night's win in washington they have won their first three away from home on this trip. david lee to steph curry. a courtside sprint but it didn't slow him down. he drains the three. curry 22 points. scary moment in the fourth. curry gets his left knee knocked by martell lester. he would come up

buckley in the end zone. 28-7 at the half. third quarter, again, bowls his way into the end zone. third td of the game. 35-7. the route is not over. johnad two tds in the game. this one a 25-yard run splitting the defense. spartans with six rushing touchdowns. de la salle cruises to a 49-15 victory. >>> the heisman trophy was handed out yesterday in new york. for the best player in the land. there were three finalists. notre dame line bark man tie tao, and collin and manzello. >> the winner is -- >> and now, the 2012 winner of the heisman memorial trophy is johnny manzel. [cheers and applause] >> oh, the drama. johnny manzel accounted for 4600 yards this year for texas a&m. 24 touchdowns, running 1181 yards and 19tds, leading them to a 10-2 record, including an upset of then a top-ranked alabama. manzel becomes the first freshman ever to win the heisman. >> to be invited into this fraternity, what a pleasure it really is. i would like to start by thanking the heisman trust and everyone who made this weekend possible i believe. what a great experience it was to meet the people i have, mantai and collin. not only great football players b