Obama Budget Carries Host of New Taxes on Small Business, Entrepreneurs
President Barack Obama’s new budget imposes nearly $1 trillion in higher taxes on many working couples and successful business owners by not renewing tax cuts enacted under former President George W. Bush. He’s also revived numerous proposals for tax increases that didn't fare well in Congress last year, including new taxes on U.S. companies with major overseas operations, and plans to increase taxes on oil and gas companies.FULL STORY
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