BNA INSIGHTS: Industry Effects of the President’s FY 2011 Business Tax Proposals

The president’s fiscal year 2011 budget proposes $443 billion of tax increases on businesses over 2010-20, with a number of proposals aimed at increasing taxes on specific industries…

Fiscal Panel Leaders Call for Trust as Rifts Apparent on Ways to Close Budget Gap

The bipartisan leaders of President Obama’s fiscal panel appealed to their colleagues for open-mindedness and trust at the commission’s inaugural meeting April 27, even as the panel members…

Obama’s Fiscal Commission to Meet for First Time Today amid Grounded Expectations, Tough Choices

President Obama’s 18-member fiscal commission, which meets for the first time April 27, faces a difficult challenge to meet its twin goals of medium- and long-term deficit reduction, according to balanced-budget advocates…

Senate Budget Committee Approves Resolution Seeking Hike in Top Tax Rates

The Senate Budget Committee approved its fiscal year 2011 budget resolution April 22, voting 12-10 to send the full Senate a package that would allow top individual income tax rates to rise in 2011 while allowing for…

Business Organizations Urge Congress to Reject Obama International Tax Proposals

More than 280 businesses and trade associations organized as the Promote America’s Competitive Edge Coalition urged Congress to reject international tax proposals in…

Treasury Officials Defend Budget Proposal to Curb Abusive Transfer of Intangibles

Senior Treasury Department officials Feb. 24 defended an administration budget proposal intended to stop the abusive shifting of intangibles out of the United States, contending that…

Obama Signs Executive Order Appointing Bipartisan Commission on Deficit; Senate GOP Leader Agrees to Participate

President Barack Obama Feb. 18 signed an executive order creating a bipartisan deficit reduction commission, and the plan received a boost hours later when Sen. Mitch McConnell (R-Ky.) agreed to fill his three slots on the 18-member panel.

Former GOP Senator, Ex-Clinton Chief of Staff Tapped to Head Obama Deficit Commission

Erskine Bowles, a former chief of staff in the Clinton White House, and Alan Simpson, a former Republican senator from Wyoming, will be tapped to head a bipartisan commission to tackle the deficit that President Obama is expected to…

President Obama Signs Measure Putting in Place Statutory Pay-As-You-Go Budget Law, Boosting Debt Limit

President Obama Feb. 12 signed, without comment, a bill (H.J. Res. 45) reviving the lapsed pay-as-you-go budget law, and also boosting the limit on federal borrowing by a record $1.9 trillion.

Obama’s Economic Report Focuses on Tax Changes Necessary for Budget in Long Term

President Obama used his first Economic Report of the President to stress the importance of restoring balance in the tax code as part of a larger effort to address the nation’s long-term fiscal challenges…

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