WEEKLY ECONOMIC UPDATE February 20, 2012
WEEKLY ECONOMIC UPDATE FEBRUARY 20, 2012
OBAMA’S PROPOSED 2013 BUDGET & THE TAXPAYER
How does the President want to modify tax rates? The wealthiest taxpayers could be hit hard if the tax hikes in President Obama’s 2013 federal budget proposal become law. The good news is that the tax changes outlined by the President in mid-February may be softened by eventual bipartisan compromise. As currently proposed, they would impact the wealthiest Americans on several fronts. The Bush-era tax cuts could expire for the rich.