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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 >>