Via CCH
On February 1st, President Obama presented to Congress his fiscal year 2011 federal budget proposal which included various tax provisions. Some of the highlights include:
- - Extended Making Work Pay Credit
- - 2010 Bonus Depreciation/Expensing
- - Higher Child Care Credit
- - Reinstatement of Top Tax Rates
- - Tax-Free Small Business Stock
- - $5,000 Employee Hiring Credit
- - Sweeping International Tax Reforms
- - Enhanced Information Reporting
- - Reinstated Estate Tax
Although the final details have yet to be worked out, CCH has provided a good analysis of the proposal as it stands now.
