The Administration's FY 2011 budget proposal includes numerous tax increases for businesses, and a few decreases, such as a permanent research tax credit. The large mix of increases is quite varied and doesn't really seem to tie to some overall strategy. Also, despite a few years of discussion on lowering the corporate tax rate, there is no mention of it in the tax proposals.
I have a short article summarizing the key business provisions. It also notes that while the significant revenue generation in the budget that comes from high income individuals (about 87% of the increases), a good portion of that will actually come from businesses - sole proprietorships, S corporations and partnership.
Here - Proposed Tax Changes for Businesses in the AICPA Corporate Taxation Insider, 2/25/10.
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