Taxes And The Proposed Budget
Obama’s 2013 Budget Estimates and Tax Changes
President Obama has plans to make changes in the tax code to raise funds for his 2013 budget to jump start the U.S. hiring.
His proposals are only a wish list to congress, which is not required to act on any of them. However, some of these proposals have already been acted on in the recent years.
The United States Tax code, which hasn’t been overhauled in a quarter century, is riddled with special deductions that favor select groups. While major changes in the tax code during an election year is unlikely, analysts … Read more at 2011 Taxes.