The Tax Policy Center has examined the key tax proposals in President Obama’s 2015 budget. Linked tables below show the distributional effects of the overall proposal. A report and several blog posts review and comment on specific provisions.
For detailed information on the budget proposals, see The President’s Budget for Fiscal Year 2015 on the Office of Management and Budget’s website.
Detailed descriptions of tax provisions and revenue estimates are available in the Department of the Treasury's General Explanations of the Administration's Fiscal Year 2015 Revenue Proposals.
The Joint Committee on Taxation has published revenue estimates in Estimated Budget Effects of the Revenue Provisions Contained in the President's Fiscal Year 2015 Budget Proposal.
The Congressional Budget Office has analyzed the budget in An Analysis of the President's 2015 Budget.
Distributional Analysis
The Tax Policy Center has posted tables showing the distributional effects of tax provisions in President Obama’s 2015 Budget. All estimates are measured relative to the current law baseline.
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All Major Tax Provisions |
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Cash Income Level |
Cash Income Percentile |
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Major Individual Income Tax Provisions |
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Cash Income Level |
Cash Income Percentile |
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Analysis of Specific Tax Provisions in President Obama's FY2015 Budget
This document reviews several notable tax proposals in President Obama’s Fiscal Year 2015 Budget. These include expanding the earned income tax credit (EITC) for workers without qualifying children, expanding the child and dependent care tax credit for families with young children, conforming rules for self-employment contributions act (SECA) taxes for professional service businesses, and changing business taxes to create a reserve to fund long-run revenue-neutral business tax reform. Read 