Thomson Reuters has released a special report focusing on President Obama’s 2015 budget proposal, which includes tax proposals such as the expansion and permanent extension of the Earned Income Tax Credit and the Research Tax Credit, a number of new international tax proposals, and renewed push for pairing infrastructure investments with business tax reform.
The budget also includes a new $56 billion “Opportunity, Growth and Security Initiative,” with suggested spending and tax changes to cover its costs. Obama’s proposals were quickly panned by Republican leaders but could still play a role in Congress’s continuing tax reform efforts.
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