Tax Proposals in the 2011 Budget

The Tax Policy Center has released a resource guide to the tax provisions of President Obama's 2011 Budget. The guide includes descriptions of the proposals, links to more detailed commentary on key provisions, and a new TPC distributional analysis of the overall proposal as well as major elements of the plan.

The guide includes information about both the individual and business provisions of the revenue section of the budget. It also provides analysis of proposed changes in the estate tax.

The distributional analysis shows that, compared to current law, nearly 80 percent of taxpayers will get a tax cut under the Obama plan. Measured against a current policy baseline—continuing the 2001-2003 tax cuts, maintaining the estate tax at its 2009 level, and permanent patching of the alternative minimum tax—about one-third of tax units would see their taxes go down.

Our analysis is preliminary and will be updated as we learn more about the proposed changes and as they are revised in Congress.

To view TPC's analysis of the 2011 Budget (pdf) click here
To view the 2011 Budget Distributional tables click here

TaxVox on Christian Science Monitor

TaxVox, the Tax Policy Center's tax and budget policy blog, is now a regular feature in the money section of The Christian Science Monitor's website CSMonitor.com. Viewers will be able to see every TaxVox post on the Monitor site, as well as at the blog's regular home at TPC. TaxVox has been named one of the 30 best economics blogs by The Wall Street Journal.