ACTEC has made available Ron Aucutt’s summary of the Administration’s Fiscal 2016 budget proposals. Mr. Aucutt’s summary, along with his insightful commentary, begins as follows:
Dear Readers Who Follow Washington Developments:
It is rare to hear from the President himself about inheritances. It is rarer still when a White House document gets the analysts and pundits on cable news talking about inheritances for a whole weekend. But on January 17-19, 2015, it happened, creating an unusual environment for the President’s State of the Union Address and the anticipated release of the Administration’s Fiscal Year 2016 Revenue Proposals. And on February 2 – Ground Hog Day – the Proposals brought some familiar stories, but the unusual sound track the White House had created sharpened the focus of much of the analysis. Meanwhile, even with some of the same proposals we saw last year, there was one walk-back, one important clarification, and one surprising change, each of them delivered in just a single sentence or less.
Read full summary at American College of Trust and Estate Counsel | Capital Letter No. 36.