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Tax alert: President Obama lays out tax plans in FY 2017 budget proposals

February 18, 2016 Article 1 min read
Authors:
Michael Monaghan James Minutolo Robert Shefferly III George Riddering
On February 9, President Obama released the fiscal year (FY) 2017 federal government budget. The budget contains new, modified, and renewed tax proposals, and calls for:
  • Expanding middle-income tax incentives.
  • Tweaking the Affordable Care Act’s excise tax on high dollar health plans and net investment income (NII) tax.
  • Imposing a fee on oil to fund infrastructure spending.
  • Renewing tax proposals from previous budgets, particularly in the international and retirement savings areas.
Read the full alert here >>

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