Industry Effects of Budget Business Tax Proposals
Daily Tax Report, Bureau of National Affairs, 2010
39 Pages Posted: 10 Nov 2013
Date Written: April 30, 2010
We provide an analysis of the industry effects of President Obama's fiscal year 2011 budget business tax proposals. The budget proposes $443 billion of tax increases on businesses over 2010-20, with a number of proposals aimed at increasing taxes on specific industries. The budget also includes several business tax decreases, including a permanent extension of the research tax credit, but most of the other business tax cuts proposals are temporary.
Keywords: proposal for tax reform
JEL Classification: H10, H25
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