On Monday, February 2, the Obama Administration released its nearly US$4 trillion Fiscal Year 2016 Budget. Among the provisions contained in the Budget are several new, significant tax-related proposals. This analysis details these proposals, dealing first with “adjustments to the baseline,” followed by revenue raising proposals, and finally with new tax reductions. Importantly, this analysis also provides much needed context through a discussion of the current tax landscape.
The Financial Services and Tax Policy team at Squire Patton Boggs trusts you will find this analysis to be helpful and we stand ready to answer any questions you may have.