Blog for John Sweeney - Elder, Wills, Estates, Trusts, Special Needs, Business, & Tax Lawyer in CT and NY

White House Tax Proposal in the FY 2015 Budget Proposal

Posted by John Sweeney | Mar 05, 2014 | 0 Comments

Another Tax Proposal which is dead on arrival came from the White House yesterday.

It was contained in the White House FY 2015 budget proposal.  It includes tax increases  targeting multinational corporations and high-income individuals.  These tax increases are used  to pay for lower- and middle-class tax relief, increased spending on transportation infrastructure, and deficit reduction.

This proposal and these priorities differ substantially from the Republican proposal released a week ago.

All the observers agree that the parties are not talking to each other and there is no prospect of any tax bill until after the mid-term elections, at a minimum.

Details on the proposal can be found here compliments of Deloitte.

But in my book, it is dead on arrival and I'm not going to spend my time getting into the details.

About the Author

John Sweeney

John is an experienced lawyer who helps you solve your problems. He practices Elder, Wills, Estates, Trusts, Special Needs, Business, & Tax Law in Fairfield County CT and Westchester County New York. He brings a wealth of experience in law, business, tax, insurance, and finance to arrive at practical solutions with compassion and care. Honest, direct and practical, he is focused on you and your problems. He also brings a wealth of personal experience from his own large family and aging parents.


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Elder, Wills, Estates, Trusts, Special Needs Tax & Business Law; Attorney John Sweeney

Sweeney Legal, LLC, provides legal, practical, and business counsel to Seniors, families, and businesses in the Fairfield, Connecticut area, including the communities of Bridgeport, Bethel, Brookfield, Danbury, Darien, Easton, Fairfield, New Canaan, Newtown, Norwalk, Redding, Ridgefield, Stamford, Weston, Westport and Wilton. John is also licensed in New York serving Westchester County including the towns of Bedford, Lewisboro, Mount Kisco, North Salem, Pound Ridge, and Somers.