David Lazarus updates us on the most recent tax bill, including its short term fix for the very large AMT (Alternative Minimum Tax) problem.

Meanwhile, the Nashville Songwriters Association International lobbied for and won a special tax break that will give songwriters a lower rate when they sell their catalog, or body of work. “Our lawyers here in town wrote the legislation,” says Debi Cochran, the association’s legislative director.

Perhaps we should organize some sort of parents or bloggers special tax break initiative.