President Obama’s Proposed Deficit Reduction Plan

Posted on September 29th, 2011 by Wade Christensen
Tax with 0 comments

On September 19, 2011, President Obama proposed a $3 trillion federal budget Deficit Reduction plan, including $1.5 trillion in tax increases.  Although this is just a proposal and not yet law, it is important to stay informed of the items included in the proposed Deficit Reduction Plan. 

Click here to view the White House Tax and Deficit Reduction Proposals Special Report

The Special Report highlights the following proposals:

• Repeal of Bush-Era Tax Cuts for Higher Income Taxpayers
• The Warren Buffet Rule
• Estate Tax Reform
• Elimination of Oil, Gas and Coal Preferences
• LIFO Repeal
• Permanent FUTA Surtax Extension
• International Tax Reforms

Feel free to contact Froehling Anderson at 952.979.3100 with any questions you may have on the proposed Deficit Reduction Plan.