Tax News & Views - April 11, 2013
Vol. 14, No. 15
Tax Policy Group, Deloitte Tax LLP
- Obama proposes ‘grand bargain’ redux in FY 2014 budget package – In what some have characterized as an effort to revive the elusive “grand bargain” on fiscal policy, President Obama on April 10 unveiled a fiscal year 2014 budget blueprint that calls for spending cuts – including reductions in Social Security and Medicare payments – and largely familiar tax increases primarily targeting multinational corporations and upper-income individuals.
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