2014 Obama and GOP Federal Budget Proposals

Source: CCH Tax Briefing – Wolters Kluwer: President Obama released a $3.77 billion fiscal year (FY) 2014 federal budget on April 10, 2013, with a mix of individual and business tax proposals intended to raise revenue, reduce spending and encourage negotiations between the White House and the GOP on comprehensive tax reform. President Obama called for[ … ]

Fiscal Cliff: Agreement on Taxes and Spending Possible by Year-End?

President Obama secured a second term in office November 6, 2012, in the end winning the Electoral College by a wide margin. The President’s re-election now sets in motion what will likely be difficult negotiations between Democrats and Republicans over the fate of the Bush-era tax cuts, nearly $100 billion in automatic spending cuts, and[ … ]