The Bush administration's budget proposals include a number of tax provisions, so the Treasury Department has released an explanation of the fiscal year 2009 revenue proposals, also known as the Bluebook.
The administration's 2009 budget, as expected, called for extending the Bush tax cuts of 2001 and 2003. It also promotes improving compliance with the U.S. tax system. Other initiatives would provide a new standard deduction for health insurance of $15,000 for family coverage and $7,500 for single coverage.
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