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TPC Examines Obama Tax Proposals

The Tax Policy Center has released Tax Proposals in the 2010 Budget (Mar. 16, 2009):

President Obama's 2010 Budget contains a number of tax provisions that would cut taxes for low- and middle-income households and raise taxes on wealthier taxpayers. This resource guide describes the tax proposals, offers more detailed commentary on key provisions, and links to tables showing the distributional effects of the overall proposal and various elements of the plan.

Today's Wall Street Journal:   Obama Tax Plan Will Fall Harder on Some Earners:

President Barack Obama's budget would raise taxes on people making between $500,000 and $1 million each year by an average of almost $18,000, or 10%, and on people making $1 million and up by an average of about $134,000, or 14%, according to a detailed analysis of his tax proposals.

The findings by the nonpartisan Tax Policy Center, a Washington think tank, could give ammunition to congressional critics….


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