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Paperback General Explanations of the Administrations Fiscal Year 2014 Revenue Proposals Book

ISBN: 1503374432

ISBN13: 9781503374430

General Explanations of the Administrations Fiscal Year 2014 Revenue Proposals

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, including the American Taxpayer Relief Act of 2012 (ATRA). However, while ATRA made much middleclass 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...

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