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Tax News & Views - April 20, 2012

Vol. 13, No. 15


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Tax News & ViewsAuthor
Tax Policy Group, Deloitte Tax LLP

  • Obama, GOP spar over ‘Buffett Rule,’ small business taxes; Conrad pushes – then pulls – Senate budget proposal – President Obama and congressional Republicans drew lines in the sand as GOP members of the Senate blocked a measure in that chamber that would codify the president’s “Buffett Rule” and the president threated to veto a Republican-backed small business tax relief bill that was approved in the House; meanwhile, Senate Budget Committee Chairman Kent Conrad, D-N.D., opted to defer committee action on a proposed budget resolution for fiscal year 2013 that essentially adopts the deficit reduction and tax reform plan put forward by the Bowles-Simpson commission.
  • Virtual industry-focused tax seminars: Required actions & new opportunities under recent tangible property guidance – Deloitte is presenting industry-focused webcasts that will address the transition rules, compliance regulations, and potential cost recovery opportunities under the recently issued tangible property guidance.

See attached file for details.

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