Coalition for Tax Fairness and ReformAMT Praise Congress for Passing Comprehensive Relief Legislation for Families Struggling with ISO AMT Taxes Imposed on Phantom Income

Business Wire, Oct 3, 2008

"ReformAMT applauds Congress for passing this fair and comprehensive tax relief legislation that benefits American workers and businesses," said Jay Cena, Co-Founder of ReformAMT. "Taxpayers have been living for years with unfair tax burdens - many have had to declare bankruptcy and have lost their homes and savings - and this legislation will halt further financial devastation and allow them to rebuild their lives. Entrepreneurs are vital to our economy's health and job creation, and this ISO correction fixes a tax provision that was harming employees and undermining the very behavior Congress intended to encourage."

About the Coalition for Tax Fairness

The Coalition for Tax Fairness (CTF) is a non-partisan, non-profit organization that is supporting a legislative initiative to fix the current Incentive Stock Option Alternative Minimum Tax (ISO AMT) crisis. CTF was formed to address the growing ISO AMT tax crisis, which is causing extreme financial hardship for tens of thousands of hardworking American families. CTF is working together with individuals and organizations such as ReformAMT, through education, legislative initiatives, and grassroots efforts to help reform the ISO AMT tax law and alleviate this catastrophic situation. For more information, visit www.fair-iso.org.

About ReformAMT

ReformAMT is a non-partisan, grass roots organization focused on a legislative remedy to correct a flaw in the Alternative Minimum Tax's (AMT) antiquated treatment of Incentive Stock Options (ISOs). This widespread issue has financially devastated taxpayers who, under the current law, must pay taxes on phantom income they have never received. Founded in 2001, ReformAMT has grown to include thousands of members in 48 states & 306 Congressional districts. ReformAMT has been at the forefront of educating corporations, tax professionals, trade associations and lawmakers about the AMT's negative impact on taxpayers who exercise incentive stock options. For more information, please visit www.reformamt.org.