
President Barack Obama’s proposed $4.1 trillion budget plan for next year is primarily a political document, setting the agenda for what Americans can expect if Democrats win the 2016 elections. This year’s Republican-controlled Congress won’t pass the plan’s tax increases — higher rates on capital gains, limits on itemized deductions for wealthy Americans, and a new $10-a-barrel tax on oil, for example. The president’s proposed seven-basis-point fee on the liabilities of the nation’s…
from Manufacturing News - Manufacturing News Headlines | Bizjournals.com http://ift.tt/1V1rNLo
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