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Treasury Releases FY2011 Budget Greenbook February 2, 2010 (SmartPros) As part of the administration's effort to restore prosperity and create an economy that works for all Americans, the U.S. Department of the Treasury today released the General Explanations of the Administration's Fiscal Year 2011 Revenue Proposals (Greenbook). The administration’s FY2011 budget proposes tax cuts for job creation, small business, and middle-class families while promoting fiscal discipline.
"This set of tax reforms strikes a balance between targeted tax cuts to spur investments in job growth and innovation here at home, middle class tax relief to make our tax system more fair, measures to crack down on abuses that send jobs overseas, and long-term fiscal discipline," states Treasury Secretary Tim Geithner. The Greenbook outlines the Administration's plan for short-term tax incentives to create jobs and encourage business investment, its proposals to deliver tax relief to middle class families and small businesses, and its blueprint for restoring fiscal discipline and responsibility to our tax code including:
Key Administration Priorities in FY2011 Greenbook
Tax Cuts to Jumpstart Job Growth and Support the Economic Recovery
Tax Cuts to Encourage Innovation, Investment and Sustained Economic Growth
Permanent Middle Class Tax Relief
Reform, Responsibility and Fiscal Discipline
Read full Treasury Department press release/summary here.
Access the Greenbook here (.pdf).
2010 SmartPros Ltd. All rights reserved.
Source: US Treasury
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