President Obama's FY 2010 Budget: Investments for Women and Families: Tax Reform

The President's budget would significantly expand tax assistance for low- and middle-income families by making permanent improvements in tax credits included in the American Recovery and Reinvestment Act. The budget also extends the provisions of the 2001 and 2003 tax cuts that benefit households with incomes below $250,000.

The President's budget promotes tax fairness and raises revenues needed to support essential investments, including by closing tax loopholes that allow corporations and wealthy individuals to evade and avoid taxes, eliminating tax preferences for oil and gas companies, retaining the estate tax at the 2009 level, and allowing the 2001 and 2003 tax cuts for very high-income households to expire.

For more details on tax reform and the federal budget, download our fact sheet.