13 Administration Proposals For Tax Reform

Previous issues of this publication have kept a close eye on the Administration's proposals for tax reform.¹ The Administration has recently made public additional information on those proposals. On May 11, 2009, the Administration published the General Explanations of the Administration's Fiscal Year 2010 Revenue Proposals (the "Greenbook").² The Greenbook is a 131-page report that contains tax relief proposals and revenue raisers consistent with the President's campaign proposals to increase taxes on high-income earners, to provide tax cuts for the middle class, and to close perceived corporate tax loopholes and windfalls.

We have published a series of client alerts that provide a detailed discussion of the President's tax reform proposals which we have divided into several categories – those affecting individuals, those affecting businesses, those affecting international taxation, and those affecting private equity. For copies of these client alerts, see: