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General Explanations of the Administrations Fiscal Year 2015 Revenue Proposals

General Explanations of the Administrations Fiscal Year 2015 Revenue Proposals

Paperback

Investing & FinanceGeneral Political Science

ISBN10: 1503374734
ISBN13: 9781503374737
Publisher: Createspace
Published: Jan 3 2015
Pages: 296
Weight: 1.52
Height: 0.62 Width: 8.50 Depth: 11.02
Language: English
The BBEDCA baseline, which is commonly used in budgeting and is defined in the statute, reflects, with some exceptions, the projected receipts level under current law. However, while the American Taxpayer Relief Act of 2012 (ATRA) made most of the 2001 and 2003 tax cuts and Alternative Minimum Tax relief permanent, it extended the American Opportunity Tax Credit (AOTC), Earned Income Tax Credit (EITC) expansions, and Child Tax Credit (CTC) expansions only through 2017. This Budget uses an adjusted baseline that permanently continues the AOTC, EITC, and CTC expansions extended through 2017 under ATRA.

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General Political Science