The White House has issued its budget for the coming year, and as usual it is already drawing complaints.
The $3.1 trillion package is the largest ever. Proposals calling for the permanent extension of the Bush tax cuts, which are supposed to expire in 2010, are already drawing the ire of Democrats in Congress. The problem of the alternative minimum tax isn’t going away soon in the budget either, with only a one-year fix in place. The budget for fiscal year 2009 beginning Oct. 1 doesn’t make projections for AMT fixes in the years ahead.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access