President Obama last week released a “framework” for reform of U.S. corporate and small business taxes that would be in addition to recommendations in his 2013 budget for significant changes in individual taxes. Many of the business tax proposals were…
In his Fiscal Year 2013 budget, President Obama proposes an array of tax proposals. Some of his suggestions are new and would move the country’s unfair, inefficient and overly complex tax system in a positive direction. But some of the…
President Obama is expected to quickly sign legislation to extend the payroll tax cut, unemployment benefits and the “doc fix” on Medicare reimbursements through the end of the year, but unfortunately without an adequate financing plan.After months of partisan jousting…
In recent years President Obama has repeatedly suggested limiting the tax benefits on itemized deductions to 28 percent, a proposal that the Congress Budget Office has estimated could raise $293 billion over 10 years. (more…)