The JCT has submitted a report that describes and analyzes individual income tax, and estate and gift tax provisions included in the proposed FY 2010 budget under the Obama administration. The report details which tax cuts are to be extended as well as where revenue shall be raised in order to quell the growing budget deficit.
See Tax Analysts: "JCT Describes Tax Provisions in Fiscal 2010 Budget Proposal," 2009 TNT 172-54, September 8, 2009.
Posted by Raj Chudgar, Associate Editor, Wealth Strategies Journal
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