Analysis of Specific Tax Provisions in President Obama's FY2015 Budget

Research Report

Analysis of Specific Tax Provisions in President Obama's FY2015 Budget

Abstract

This document reviews several notable tax proposals in President Obamas fiscal year 2015 Budget. These include expanding the earned income tax credit (EITC) for workers without qualifying children, expanding the child and dependent care tax credit for families with young children, conforming rules for self-employment contributions act (SECA) taxes for professional service businesses, and changing business taxes to create a reserve to fund long-run revenue-neutral business tax reform.

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