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President Obama’s FY 2011 Budget: Moving Toward More Responsible, Accountable and Fair Tax Policies

President Obama’s Fiscal Year 2011 budget would begin to restore balance and responsibility to the tax code, after years of lavish and unnecessary tax cuts for too-big-to-fail corporations and the wealthiest individuals. To make the investments needed to promote our economic recovery, expand opportunity, and keep America strong, corporations and the very wealthy must be responsible for paying their fair share of taxes. President Obama proposes several measures to close tax loopholes, curb tax subsidies for the wealthy and corporations, and crack down on tax evasion.