February 9, 2016

President Obama’s FY 2017 Tax Proposals and Green Book

Armstrong Robinson, Keith Smith

The President proposes new revenue from a menu of tax changes in his FY – 2017 budget request. The total new revenue is $2.6 T.  This is 67% higher than the President’s proposed in his budget last year.

The budget documents released this morning can be found here.  The Administration’s “Green Book” which details all the President’s proposed tax changes can be found here.

New proposals include:

Administration renewed proposals from previous budget proposals to reform U.S. international system and more than doubled its projection of how much changes would raise, to $484b over 10 yrs.  The proposal calls for: