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WASPlnC1Cn, u.C. - Slnce Laklng offlce ln 2009, resldenL 8arack Cbama has formally proposed
a LoLal of 442 Lax lncreases, accordlng Lo an Amerlcans for 1ax 8eform analysls of Cbama
admlnlsLraLlon budgeLs for flscal years 2010 Lhrough 2013.

1he 442 LoLal proposed Lax lncreases Joes oot lnclude Lhe 20 Lax lncreases Cbama slgned lnLo law
as parL of Cbamacare.

PlsLory Lells us whaL Cbama was oble Lo do. 1hls llsL remlnds us of whaL Cbama wooteJ Lo do,"
sald Crover norqulsL, presldenL of Amerlcans for 1ax 8eform.

1he number of proposed Lax lncreases per year ls as follows:

-79 Lax lncreases for l? 2010
-32 Lax lncreases for l? 2011
-47 Lax lncreases for l? 2012
-34 Lax lncreases for l? 2013
-137 Lax lncreases for l? 2014
-93 Lax lncreases for l? 2013

erhaps noL colncldenLally, Lhe Cbama budgeL wlLh Lhe lowesL number of proposed Lax lncreases
was released durlng an elecLlon year: ln lebruary 2012, Cbama released hls l? 2013 budgeL, wlLh
only" 34 proposed Lax lncreases. Cnce safely re-elecLed, Cbama came back wlLh a vengeance,
proposlng 137 Lax lncreases, a personal record hlgh for Lhe 44Lh resldenL.

ln addlLlon Lo Lhe 442 Lax lncreases ln hls annual budgeL proposals, Lhe 20 slgned lnLo law as parL
of Cbamacare, and Lhe masslve Lobacco Lax hlke slgned lnLo law on Lhe slxLeenLh day of hls
presldency, Cbama has made lL clear he ls open Lo oLher broad-based Lax lncreases.

uurlng an lnLervlew wlLh Men's PealLh ln 2009, when asked abouL Lhe ldea of naLlonal Lax on soda
and sugary drlnks, Lhe resldenL sald, "l octoolly tblok lt's oo lJeo tbot we sboolJ be explotloq."

uurlng an lnLervlew wlLh Cn8C's !ohn Parwood ln 2010, Cbama sald a Luropean-sLyle value-
Added-1ax was sometbloq tbot woolJ be oovel fot tbe uolteJ 5totes.



Page 2


Cbama's sLaLemenL was conslsLenL wlLh a paLLern of remarks made by Cbama WhlLe Pouse
offlclals refuslng Lo rule ouL a vA1.

resldenLs are [udged by hlsLory based on whaL Lhey dld ln power. 8uL presldenLs can only enacL
laws when Lhe Congress agrees," sald norqulsL. 1hus a record forged by such compromlse Lells you
whaL a presldenL -- llmlLed by congress -- dld raLher Lhan whaL he wanLed Lo do."

1he full llsL of proposed Cbama Lax lncreases ls below:

DR @61K1JLM *5N OP:LJ Q16 "S AB>B/

-8elnsLaLe Superfund Lxclse 1axes
-8elnsLaLe Superfund LnvlronmenLal lncome 1ax
-1ax Carrled (roflL) lnLeresLs as Crdlnary lncome
-Codlfy Lconomlc SubsLance" uocLrlne
-8epeal Lhe LasL-ln, llrsL-CuL (LllC) MeLhod of AccounLlng for lnvenLorles
-8eform 8uslness LnLlLy ClasslflcaLlon 8ules for lorelgn LnLlLles
-uefer ueducLlon of Lxpenses, LxcepL 8&L Lxpenses, 8elaLed Lo ueferred lncome
-8eform lorelgn 1ax CredlL: ueLermlne Lhe lorelgn 1ax CredlL on a oollng 8asls
-8eform lorelgn 1ax CredlL: revenL SpllLLlng of lorelgn lncome and lorelgn 1axes
-LlmlL ShlfLlng of lncome 1hrough lnLanglble roperLy 1ransfers
-LlmlL Larnlngs SLrlpplng by LxpaLrlaLed LnLlLles
-revenL 8epaLrlaLlon of Larnlngs ln CerLaln Cross-8order 8eorganlzaLlons
-8epeal 80/20 Company 8ules
-revenL Lhe Avoldance of ulvldend WlLhholdlng 1axes
-Modlfy Lhe 1ax 8ules for uual CapaclLy 1axpayers
-8equlre CreaLer 8eporLlng by Cuallfled lnLermedlarles 8egardlng u.S. AccounL Polders
-8equlre WlLhholdlng on aymenLs of luA lncome Made 1hrough nonquallfled lnLermedlarles
-8equlre WlLhholdlng on Cross roceeds ald Lo CerLaln nonquallfled lnLermedlarles
-8equlre 8eporLlng of CerLaln 1ransfers of Money or roperLy Lo lorelgn llnanclal AccounLs
-8equlre ulsclosure of l8A8 AccounLs Lo be llled wlLh 1ax 8eLurn
-8equlre 1hlrd-arLy lnformaLlon 8eporLlng 8egardlng Lhe 1ransfer of AsseLs Lo lorelgn llnanclal
AccounLs and Lhe LsLabllshmenL of lorelgn llnanclal AccounLs
-8equlre 1hlrd-arLy lnformaLlon 8eporLlng 8egardlng Lhe LsLabllshmenL of Cffshore LnLlLles
-negaLlve resumpLlon for lorelgn AccounLs wlLh 8especL Lo Whlch an l8A8 has noL 8een llled
-negaLlve resumpLlon 8egardlng lallure Lo llle an l8A8 lor AccounLs wlLh nonquallfled
lnLermedlarles
-negaLlve resumpLlon 8egardlng WlLhholdlng on luA aymenLs Lo CerLaln lorelgn LnLlLles
-LxLend SLaLuLe of LlmlLaLlons for CerLaln 8eporLable Cross-8order 1ransacLlons and lorelgn
LnLlLles
-uouble Accuracy-8elaLed enalLles on undersLaLemenLs lnvolvlng undlsclosed lorelgn AccounLs
-lmprove Lhe lorelgn 1rusL 8eporLlng enalLy
Page 3

-8equlre lnformaLlon 8eporLlng for 8enLal roperLy Lxpense aymenLs
-Levy 1ax on CerLaln Cffshore Cll and Cas roducLlon
-8epeal CredlL for Lnhanced Cll 8ecovery (LC8) ro[ecLs
-8epeal CredlL for roducLlon from Marglnal Wells
-8epeal Lxpenslng of lnLanglble urllllng CosLs
-8epeal ueducLlon for 1erLlary ln[ecLanLs
-8epeal asslve Loss LxcepLlon for Worklng lnLeresLs ln Cll and Cas roperLles
-8epeal ercenLage uepleLlon
-8epeal uomesLlc ManufacLurlng ueducLlon for Cll and Cas roducLlon
-lncrease Lhe AmorLlzaLlon erlod for Ceologlcal and Ceophyslcal CosLs Lo Seven ?ears
-LllmlnaLe Lhe Advanced Larned lncome 1ax CredlL
-8elnsLaLe Lhe 39.6-ercenL 8aLe
-8elnsLaLe Lhe 36-ercenL 8aLe for 1axpayers wlLh lncome Cver $230,000 (Marrled llllng a !olnL
8eLurn) and $200,000 (Slngle)
-8elnsLaLe Lhe LlmlLaLlon on lLemlzed ueducLlons for 1axpayers wlLh lncome Cver $230,000
(Marrled llllng a !olnL 8eLurn) and $200,000 (Slngle)
-8elnsLaLe Lhe ersonal LxempLlon hase-CuL (L) for 1axpayers wlLh lncome Cver $230,000
(Marrled llllng a !olnL 8eLurn) and $200,000 (Slngle)
-lmpose a 20-ercenL 8aLe on ulvldends and CaplLal Calns for 1axpayers wlLh lncome Cver
$230,000 (Marrled llllng a !olnL 8eLurn) and $200,000 (Slngle)
-reserve CosL-Sharlng of lnland WaLerways CaplLal CosLs
-lmplemenL unemploymenL lnsurance lnLegrlLy LeglslaLlon
-rovlde 1ax lncenLlves for 1ransporLaLlon lnfrasLrucLure
-lmprove uebL CollecLlon AdmlnlsLraLlve rocedures
-lncrease Levy AuLhorlLy Lo 100 ercenL for vendor aymenLs
-LlmlL Lhe 1ax 8aLe aL Whlch lLemlzed ueducLlons 8educe 1ax LlablllLy Lo 28 ercenL
-8equlre lnformaLlon 8eporLlng for rlvaLe SeparaLe AccounLs of Llfe lnsurance Companles
-8equlre lnformaLlon 8eporLlng on aymenLs Lo CorporaLlons
-8equlre a CerLlfled 1axpayer ldenLlflcaLlon number lrom ConLracLors and Allow CerLaln
WlLhholdlng
-8equlre lncreased lnformaLlon 8eporLlng for CerLaln CovernmenL aymenLs for roperLy and
Servlces
-lncrease lnformaLlon 8eLurn enalLles
-8equlre L-llllng by CerLaln Large CrganlzaLlons
-lmplemenL SLandards Clarlfylng When Lmployee Leaslng Companles can be Peld Llable for 1helr
CllenLs' lederal LmploymenL 1axes
-Allow AssessmenL of Crlmlnal 8esLlLuLlon as 1ax
-8evlse Cffer-ln-Compromlse AppllcaLlon 8ules
-Lxpand l8S Access Lo lnformaLlon ln Lhe naLlonal ulrecLory of new Plres for 1ax AdmlnlsLraLlon
urposes
-Make 8epeaLed Wlllful lallure Lo llle a 1ax 8eLurn a lelony
-laclllLaLe 1ax Compllance wlLh Local !urlsdlcLlons
-LxLenslon of SLaLuLe of LlmlLaLlons where SLaLe 1ax Ad[usLmenL AffecLs lederal 1ax LlablllLy
Page 4

-lmprove lnvesLlgaLlve ulsclosure SLaLuLe
-Lxpand 8equlred LlecLronlc llllng by 1ax 8eLurn reparers
-Clarlfy LhaL Lhe 8ad Check enalLy Applles Lo LlecLronlc Checks and CLher aymenL lorms
-lmpose a enalLy on lallure Lo Comply wlLh LlecLronlc llllng 8equlremenLs
-8equlre Accrual of lncome on lorward Sale of CorporaLe SLock
-8equlre Crdlnary 1reaLmenL for CerLaln uealers of LqulLy CpLlons and CommodlLles
-Modlfy ueflnlLlon of ConLrol for urposes of Lhe SecLlon 249 ueducLlon LlmlL
-Modlfy 8ules LhaL Apply Lo Sales of Llfe lnsurance ConLracLs
-Modlfy ulvldends-8ecelved ueducLlon for Llfe lnsurance Company SeparaLe AccounLs
-Lxpand ro 8aLa lnLeresL Lxpense ulsallowance for CorporaLe-Cwned Llfe lnsurance (CCLl)
-ueny ueducLlon for unlLlve uamages
-8epeal Lower-Cf-CosL-Cr-MarkeL lnvenLory AccounLlng MeLhod
-8equlre ConslsLency ln value for 1ransfer and lncome 1ax urposes
-Modlfy 8ules on valuaLlon ulscounLs
-8equlre Mlnlmum 1erm for CranLor 8eLalned AnnulLy 1rusLs (C8A1s)
-Modlfy AlLernaLlve luel MlxLure CredlL

FA @61K1JLM *5N OP:LJ Q16 "S AB>>/

-lmpose a llnanclal Crlsls 8esponslblllLy lee
-8equlre Crdlnary 1reaLmenL of lncome from uay-Lo-uay uealer AcLlvlLles for CerLaln uealers ln
CommodlLles, uerlvaLlves and CLher SecurlLles
-Modlfy ueflnlLlon of ConLrol" for urposes of SecLlon 249
-Make unemploymenL lnsurance SurLax ermanenL
-8epeal LllC MeLhod of AccounLlng for lnvenLorles
-8epeal Caln LlmlLaLlon for ulvldends 8ecelved ln 8eorganlzaLlon Lxchanges
-uefer ueducLlon of lnLeresL Lxpense 8elaLed Lo ueferred lncome
-lorelgn 1ax CredlL 8eform: ueLermlne Lhe lorelgn 1ax CredlL on a oollng 8asls
-lorelgn 1ax CredlL 8eform: revenL SpllLLlng of lorelgn lncome and lorelgn 1axes
-1ax CurrenLly Lxcess 8eLurns AssoclaLed wlLh 1ransfers of lnLanglbles Cffshore
-ulsallow Lhe ueducLlon for Lxcess nonLaxed 8elnsurance remlums ald Lo AfflllaLes
-8equlre lncreased 8eporLlng on CerLaln lorelgn AccounLs
-8equlre lncreased 8eporLlng wlLh 8especL Lo CerLaln 8eclplenLs of luA lncome or Cross roceeds
-8epeal CerLaln lorelgn LxcepLlons Lo 8eglsLered 8ond 8equlremenLs
-8equlre ulsclosure of lorelgn llnanclal AsseLs Lo 8e llled wlLh 1ax 8eLurn
-lmpose enalLles for underpaymenLs ALLrlbuLable Lo undlsclosed lorelgn llnanclal AsseLs
-LxLend SLaLuLe of LlmlLaLlons for SlgnlflcanL Cmlsslon of lncome ALLrlbuLable Lo lorelgn llnanclal
AsseLs
-8equlre 8eporLlng of CerLaln 1ransfers of AsseLs Lo or from lorelgn llnanclal AccounLs
-8equlre 1hlrd-arLy lnformaLlon 8eporLlng 8egardlng Lhe 1ransfer of AsseLs Lo or from lorelgn
llnanclal AccounLs and Lhe LsLabllshmenL of lorelgn llnanclal AccounLs
-ermlL Lhe SecreLary Lo 8equlre LlecLronlc llllng by llnanclal lnsLlLuLlons of CerLaln WlLhholdlng
1ax 8eLurns
Page 5

-LsLabllsh resumpLlon of u.S. 8eneflclary ln Case of 1ransfers Lo lorelgn 1rusLs by a u.S. erson
-1reaL CerLaln uncompensaLed uses of lorelgn 1rusL roperLy as a ulsLrlbuLlon Lo u.S. CranLor or
8eneflclary
-lmprove lorelgn 1rusL 8eporLlng enalLy
-ermlL arLlal AnnulLlzaLlon of a nonquallfled AnnulLy ConLracL
-8epeal Lnhanced Cll 8ecovery CredlL
-8epeal CredlL for Cll and Cas roduced from Marglnal Wells
-8epeal LxempLlon Lo asslve Loss LlmlLaLlon for Worklng lnLeresLs ln Cll and Cas roperLles
-8epeal ercenLage uepleLlon for Cll and naLural Cas Wells
-lncrease Ceologlcal and Ceophyslcal AmorLlzaLlon erlod for lndependenL roducers Lo Seven
?ears
-8epeal Lxpenslng of LxploraLlon and uevelopmenL CosLs
-8epeal ercenLage uepleLlon for Pard Mlneral lossll luels
-8epeal CaplLal Calns 1reaLmenL of CerLaln 8oyalLles
-8epeal uomesLlc ManufacLurlng ueducLlon for Coal and CLher Pard Mlneral lossll luels
-1ax Carrled (roflLs) lnLeresLs as Crdlnary lncome
-Modlfy Lhe Celluloslc 8lofuel roducer CredlL
-8equlre lnformaLlon 8eporLlng for 8enLal roperLy Lxpense aymenLs
-8equlre a CerLlfled 1axpayer ldenLlflcaLlon number from ConLracLors and Allow CerLaln
WlLhholdlng
-8equlre lncreased lnformaLlon 8eporLlng for CerLaln CovernmenL aymenLs for roperLy and
Servlces
-8equlre CreaLer LlecLronlc llllng of 8eLurns
-lncrease CerLalnLy wlLh 8especL Lo Worker ClasslflcaLlon
-LxLend SLaLuLe of LlmlLaLlons where SLaLe Ad[usLmenL AffecLs lederal 1ax LlablllLy
-Clarlfy LhaL 8ad Check enalLy Applles Lo LlecLronlc Checks and CLher aymenL lorms
-8equlre ConslsLenL valuaLlon for 1ransfer and lncome 1ax urposes
-8equlre a Mlnlmum 1erm for CranLor 8eLalned AnnulLy 1rusLs (C8A1S)
-8elnsLaLe Lhe 36-ercenL 8aLe for 1axpayers wlLh lncome Cver $230,000 (Marrled) and $200,000
(Slngle)
-8elnsLaLe Lhe LlmlLaLlon on lLemlzed ueducLlons for 1axpayers wlLh lncome Cver $230,000
(Marrled) and 8elnsLaLe Lhe ersonal LxempLlon haseouL (L) for 1axpayers wlLh lncome Cver
$230,000 (Marrled) And lmpose a 20-ercenL 8aLe on CaplLal Calns and ulvldends for 1axpayers
wlLh lncome Cver $230,000 (Marrled) and $200,000 (Slngle)
-SupporL CaplLal lnvesLmenL ln Lhe lnland WaLerways
-LxLend and Modlfy Lhe new MarkeLs 1ax CredlL
-8eform and LxLend 8ulld Amerlca 8onds
-8esLrucLure AsslsLance Lo new ?ork ClLy: rovlde 1ax lncenLlves for 1ransporaLlon lnfrasLrucLure
-AuLhorlze osL-Levy uue rocess
-Allow CffseL of lederal lncome 1ax 8efunds Lo CollecL uellnquenL SLaLe lncome 1axes for CuL-of-
SLaLe 8esldenLs

Page 6

?D @61K1JLM *5N OP:LJ Q16 "S AB>A/

-rovlde 30-ercenL 8asls 8oosL" Lo roperLles LhaL 8ecelve 1ax-LxempL 8ond llnanclng
-ueslgnaLe CrowLh Zones
-8esLrucLure AsslsLance Lo new ?ork ClLy: rovlde 1ax lncenLlves for 1ransporLaLlon lnfrasLrucLure
-8equlre Crdlnary 1reaLmenL of lncome from uay-Lo-uay uealer AcLlvlLles for CerLaln uealers of
LqulLy CpLlons and CommodlLles
-Modlfy Lhe ueflnlLlon of ConLrol" for urposes of SecLlon 249 of Lhe lnLernal 8evenue Code
-ueLermlne Lhe lorelgn 1ax CredlL on a oollng 8asls
-ulsallow Lhe ueducLlon for non-1axed 8elnsurance remlums ald Lo AfflllaLes
-Modlfy ulvldends-8ecelved ueducLlon (u8u) for Llfe lnsurance Company SeparaLe AccounLs
-Lxpand ro 8aLa lnLeresL Lxpense ulsallowance for CorporaLe-Cwed Llfe lnsurance
-lncrease Lhe Cll Splll LlablllLy 1rusL lund llnanclng 8aLe by Cne CenL
-rovlde ShorL-1erm 1ax 8ellef Lo Lmployers and Lxpand lederal unemploymenL 1ax AcL (lu1A)
8ase
-8epeal LasL-ln, llrsL-CuL (LllC) MeLhod of AccounLlng for lnvenLorles
-1ax Carrled (roflLs) lnLeresLs ln lnvesLmenL arLnershlps as Crdlnary lncome
-8epeal Lower-Cf-CosL-Cr-MarkeL (LCM) lnvenLory AccounLlng MeLhod
-8epeal Lnhanced Cll 8ecovery (LC8) CredlL
-8epeal Lxpenslng of lnLanglble urllllng CosLs (luCs)
-8epeal LxcepLlon Lo asslve Loss LlmlLaLlon for Worklng lnLeresLs ln Cll and naLural Cas roperLles
-8epeal uomesLlc ManufacLurlng ueducLlon for Cll and naLural Cas Companles
-8epeal CaplLal Calns 1reaLmenL for 8oyalLles
-Allow vehlcle Seller Lo Clalm Cuallfled lug-ln LlecLrlc-urlve MoLor vehlcle CredlL
-Clarlfy LxcepLlon Lo 8ecapLure of unrecognlzed Caln on Sale of SLock Lo an Lmployee SLock
Cwnershlp lan (LSC)
-8epeal non-Cuallfled referred SLock (nCS) ueslgnaLlon
-8evlse and Slmpllfy Lhe "lracLlons 8ule"
-8epeal referenLlal ulvldend 8ule for ubllcly 1raded 8eal LsLaLe lnvesLmenL 1rusLs (8Ll1S)
-8eform Lxclse 1ax 8ased on lnvesLmenL lncome of rlvaLe loundaLlons
-Slmpllfy ArblLrage lnvesLmenL 8esLrlcLlons
-Slmpllfy Slngle-lamlly Pouslng MorLgage 8ond 1argeLlng 8equlremenLs
-SLreamllne rlvaLe 8uslness LlmlLs on CovernmenLal 8onds
-8epeal and Modlfy lnformaLlon 8eporLlng on aymenLs Lo CorporaLlons and aymenLs for
roperLy
-8equlre a CerLlfled 1axpayer ldenLlflcaLlon number (1ln) from ConLracLors and Allow CerLaln
WlLhholdlng
-AuLhorlze Lhe ueparLmenL of Lhe 1reasury Lo 8equlre AddlLlonal lnformaLlon Lo be lncluded ln
LlecLronlcally llled lorm 3300 Annual 8eporLs
-8epeal Speclal LsLlmaLed 1ax aymenL rovlslon for CerLaln lnsurance Companles
-LllmlnaLe Speclal 8ules Modlfylng Lhe AmounL of LsLlmaLed 1ax aymenLs by CorporaLlons
-Lxpand lnLernal 8evenue Servlce (l8S) Access Lo lnformaLlon ln Lhe naLlonal ulrecLory of new
Plres for 1ax AdmlnlsLraLlon urposes
Page 7

-8equlre 1axpayers who repare 1helr 8eLurns LlecLronlcally buL llle 1helr 8eLurns on aper Lo
rlnL 1helr 8eLurns wlLh a 2-u 8ar Code
-8equlre rlsons LocaLed ln Lhe u.S. Lo rovlde lnformaLlon Lo Lhe lnLernal 8evenue Servlce (l8S)
-Allow Lhe lnLernal 8evenue Servlce (l8S) Lo Absorb CredlL and ueblL Card rocesslng lees for
CerLaln 1ax aymenLs
-lncrease enalLy lmposed on ald reparers who lall Lo Comply wlLh Larned lncome 1ax CredlL
(Ll1C) uue ulllgence 8equlremenLs
-Make ermanenL Lhe orLablllLy of unused LxempLlon 8eLween Spouses
-LlmlL uuraLlon of CeneraLlon-Sklpplng 1ransfer (CS1) 1ax LxempLlon
-8educe Lhe value of CerLaln 1ax LxpendlLures
-8eform lnland WaLerways lundlng
-AuLhorlze Lhe LlmlLed Sharlng of 8uslness 1ax 8eLurn lnformaLlon Lo lmprove Lhe Accuracy of
lmporLanL Measures of our Lconomy
-LllmlnaLe CerLaln 8evlews ConducLed by Lhe u.S. 1reasury lnspecLor Ceneral for 1ax
AdmlnlsLraLlon (1lC1A)
-Modlfy lndexlng Lo revenL ueflaLlonary Ad[usLmenLs
-lncrease Levy AuLhorlLy for aymenLs Lo lederal ConLracLors wlLh uellnquenL 1ax uebL
-lncrease Levy AuLhorlLy for aymenLs Lo Medlcare rovlders wlLh uellnquenL 1ax uebL

T? @61K1JLM *5N OP:LJ Q16 "S AB>T/

-8elnsLaLe Lhe LlmlLaLlon on lLemlzed ueducLlons for upper-lncome 1axpayers
-8elnsLaLe Lhe ersonal LxempLlon hase-ouL for upper-lncome 1axpayers
-8elnsLaLe Lhe 36-ercenL and 39.6-ercenL 1ax 8aLes for upper-lncome 1axpayers
-1ax Cuallfled ulvldends as Crdlnary lncome for upper-lncome 1axpayers
-1ax neL Long-1erm CaplLal Calns aL a 20-ercenL 8aLe for upper-lncome 1axpayers
-8esLore Lhe LsLaLe, ClfL, and CeneraLlon-Sklpplng 1ransfer 1ax arameLers ln LffecL ln 2009
-CoordlnaLe CerLaln lncome and 1ransfer 1ax 8ules Appllcable Lo CranLor 1rusLs
-LxLend Lhe Llen on LsLaLe 1ax ueferrals rovlded under SecLlon 6166 of Lhe lnLernal 8evenue
Code
-uefer ueducLlon of lnLeresL Lxpense 8elaLed Lo ueferred lncome of lorelgn Subsldlarles
-Modlfy 1ax 8ules for uual CapaclLy 1axpayers
-1ax Caln from Lhe Sale of a arLnershlp lnLeresL on Look-1hrough 8asls
-LxLend SecLlon 338(P)(16) Lo CerLaln AsseL AcqulslLlons
-8emove lorelgn 1axes lrom a SecLlon 902 CorporaLlon's lorelgn 1ax ool When Larnlngs Are
LllmlnaLed
-Modlfy Lhe ueflnlLlon of ConLrol" for urposes of SecLlon 249
-Modlfy roraLlon 8ules for Llfe lnsurance Company Ceneral and SeparaLe AccounLs
-Lxpand ro 8aLa lnLeresL Lxpense ulsallowance for CorporaLe-Cwned Llfe lnsurance
-lncrease Cll Splll LlablllLy 1rusL lund llnanclng 8aLe by Cne CenL and updaLe Lhe Law Lo lnclude
CLher Sources of Crudes
-8elnsLaLe and LxLend Superfund Lxclse 1axes
Page 8

-rovlde ShorL-1erm 1ax 8ellef Lo Lmployers and Lxpand lederal unemploymenL 1ax AcL (lu1A)
8ase
-8epeal Lower-Cf- CosL-or-MarkeL (LCM) lnvenLory AccounLlng MeLhod
-LllmlnaLe Speclal uepreclaLlon 8ules for urchases of Ceneral AvlaLlon assenger AlrcrafL
-Lxpand Lhe ueflnlLlon of SubsLanLlal 8ullL-ln Loss for urposes of arLnershlp Loss 1ransfers
-LxLend arLnershlp 8asls LlmlLaLlon 8ules Lo nondeducLlble LxpendlLures
-LlmlL Lhe lmporLaLlon of Losses under SecLlon 267
-LllmlnaLe Lhe ueducLlon for ConLrlbuLlons of ConservaLlon LasemenLs on Colf Courses
-SLreamllne AudlL and Ad[usLmenL rocedures for Large arLnershlps
-lmprove and Make ermanenL Lhe rovlslon AuLhorlzlng Lhe lnLernal 8evenue Servlce (l8S) Lo
ulsclose CerLaln 8eLurn lnformaLlon Lo CerLaln rlson Cfflclals
-LxLend lnLernal 8evenue Servlce (l8S) MaLh Lrror AuLhorlLy ln CerLaln ClrcumsLances
-Slmpllfy Lhe 8ules for Clalmlng Lhe Larned lncome 1ax CredlL (Ll1C) for Workers WlLhouL
Cuallfylng Chlldren
-LllmlnaLe Mlnlmum 8equlred ulsLrlbuLlon (M8u) 8ules for lndlvldual 8eLlremenL AccounL or
AnnulLy (l8A) lan 8alances of $73,000 or Less
-Clarlfy LxcepLlon Lo 8ecapLure unrecognlzed Caln on Sale of SLock Lo an Lmployee SLock
Cwnershlp
-8epeal referenLlal ulvldend 8ule for ubllcly Cffered 8eal LsLaLe lnvesLmenL 1rusLs (8Ll1S)
-8emove 8ondlng 8equlremenLs for CerLaln 1axpayers Sub[ecL Lo lederal Lxclse 1axes on ulsLllled
SplrlLs, Wlne and 8eer
-lmplemenL a rogram lnLegrlLy SLaLuLory Cap Ad[usLmenL for Lhe lnLernal 8evenue Servlce (l8S)

>TD @61K1JLM *5N OP:LJ Q16 "S AB>?/

-uefer ueducLlon of lnLeresL Lxpense 8elaLed Lo ueferred lncome of lorelgn Subsldlarles
-ueLermlne Lhe lorelgn 1ax CredlL on a oollng 8asls
-1ax CurrenLly Lxcess 8eLurns AssoclaLed wlLh 1ransfers of lnLanglbles Cffshore
-LlmlL ShlfLlng of lncome 1hrough lnLanglble roperLy 1ransfers
-ulsallow Lhe ueducLlon for non-1axed 8elnsurance remlums ald Lo AfflllaLes
-LlmlL Larnlngs SLrlpplng 8y LxpaLrlaLed LnLlLles
-Modlfy 1ax 8ules for uual CapaclLy 1axpayers
-1ax Caln from Lhe Sale of a arLnershlp lnLeresL on Look-1hrough 8asls
-revenL use of Leveraged ulsLrlbuLlons from 8elaLed lorelgn CorporaLlons Lo Avold ulvldend
1reaLmenL
-LxLend SecLlon 338(h)(16) Lo CerLaln AsseL AcqulslLlons
-8emove lorelgn 1axes lrom a SecLlon 902 CorporaLlon's lorelgn 1ax ool When Larnlngs Are
LllmlnaLed
-8equlre LhaL uerlvaLlve ConLracLs be Marked Lo MarkeL wlLh 8esulLlng Caln or Loss 1reaLed as
Crdlnary
-Modlfy 8ules LhaL Apply Lo Sales of Llfe lnsurance ConLracLs
-Modlfy roraLlon 8ules for Llfe lnsurance Company Ceneral and SeparaLe AccounLs
-Lxpand ro 8aLa lnLeresL Lxpense ulsallowance for CorporaLe-Cwned Llfe lnsurance
Page 9

-LllmlnaLe Cll and Cas references
-8epeal Lnhanced Cll 8ecovery (LC8) CredlL
-8epeal CredlL for Cll and Cas roduced from Marglnal Wells
-8epeal Lxpenslng of lnLanglble urllllng CosLs
-8epeal ueducLlon for 1erLlary ln[ecLanLs
-8epeal LxcepLlon Lo asslve Loss LlmlLaLlon for Worklng lnLeresLs ln Cll and naLural Cas roperLles
-8epeal ercenLage uepleLlon for Cll and naLural Cas Wells
-8epeal uomesLlc ManufacLurlng ueducLlon for Cll and naLural Cas roducLlon
-lncrease Ceologlcal and Ceophyslcal AmorLlzaLlon erlod for lndependenL roducers Lo Seven
?ears
-LllmlnaLe Coal references
-8epeal Lxpenslng of LxploraLlon and uevelopmenL CosLs
-8epeal ercenLage uepleLlon for Pard Mlneral lossll luels
-8epeal CaplLal Calns 1reaLmenL for 8oyalLles
-8epeal uomesLlc ManufacLurlng ueducLlon for Lhe roducLlon of Coal and CLher Pard Mlneral
lossll luels
-8epeal Lhe Lxclse 1ax CredlL for ulsLllled SplrlLs wlLh llavor and Wlne AddlLlves
-8epeal LasL-ln, llrsL-CuL (LllC) MeLhod of AccounLlng for lnvenLorles
-8epeal Lower-Cf-CosL-or-MarkeL (LCM) lnvenLory AccounLlng MeLhod
-Modlfy uepreclaLlon 8ules for Ceneral AvlaLlon assenger AlrcrafL
-8epeal Caln LlmlLaLlon for ulvldends 8ecelved ln 8eorganlzaLlon Lxchanges
-Lxpand Lhe ueflnlLlon of 8ullL-ln Loss for urposes of arLnershlp Loss 1ransfers
-LxLend arLnershlp 8asls LlmlLaLlon 8ules Lo nondeducLlble LxpendlLures
-LlmlL Lhe lmporLaLlon of Losses under 8elaLed arLy Loss LlmlLaLlon 8ules
-ueny ueducLlon for unlLlve uamages
-LllmlnaLe SecLlon 404(k) Lmployee SLock Cwnershlp lan (LSC) ulvldend ueducLlon for Large C
CorporaLlons
-rovlde Small 8uslnesses a 1emporary 10-ercenL 1ax CredlL for new !obs and Wage lncreases
-rovlde AddlLlonal 1ax CredlLs for lnvesLmenL ln Cuallfled roperLy used ln a Cuallfylng Advanced
Lnergy ManufacLurlng ro[ecL
-ueslgnaLe romlse Zones
-rovlde Amerlca lasL lorward 8onds and Lxpand Lllglble uses
-lncrease Lhe lederal Subsldy 8aLe for Amerlca lasL lorward 8onds for School ConsLrucLlon
-Allow CurrenL 8efundlngs of SLaLe and Local CovernmenLal 8onds
-8epeal Lhe $130 Mllllon non-hosplLal 8ond LlmlLaLlon on Cuallfled SecLlon 301(c)(3) 8onds
-lncrease naLlonal LlmlLaLlon AmounL for Cuallfled Plghway or Surface lrelghL 1ransfer laclllLy
8onds
-LllmlnaLe Lhe volume Cap for rlvaLe AcLlvlLy 8onds for WaLer lnfrasLrucLure
-lncrease Lhe 23-ercenL LlmlL on Land AcqulslLlon 8esLrlcLlon on Cuallfled rlvaLe AcLlvlLy 8onds
-Allow More llexlble 8esearch ArrangemenLs for urposes of Lhe rlvaLe 8uslness use LlmlLs
-8epeal Lhe CovernmenL Cwnershlp 8equlremenL for CerLaln 1ypes of LxempL laclllLy 8onds
-LxempL lorelgn enslon lunds from Lhe AppllcaLlon of Lhe lorelgn lnvesLmenL ln 8eal roperLy
1ax AcL (ll81A)
Page 10

-rovlde for AuLomaLlc LnrollmenL ln lndlvldual 8eLlremenL AccounLs or AnnulLles (l8As), lncludlng
a Small Lmployer 1ax CredlL, and uouble Lhe 1ax CredlL for Small
-Lmployer lan SLarL-up CosLs
-Lxpand Lhe Chlld and uependenL Care 1ax CredlL
-LxLend Lxcluslon from lncome for CancellaLlon of CerLaln Pome MorLgage uebL
-rovlde Lxcluslon from lncome for SLudenL Loan lorglveness for SLudenLs ln CerLaln aymenL
CbllgaLlons
-rovlde Lxcluslon from lncome for SLudenL Loan lorglveness and for CerLaln
-Scholarshlp AmounLs for arLlclpanLs ln Lhe lndlan PealLh Servlce (lPS) PealLh rofesslons
rograms
-8educe Lhe value of CerLaln 1ax LxpendlLures
-lmplemenL Lhe 8uffeLL 8ule by lmposlng a new lalr Share 1ax"
-8esLore Lhe LsLaLe, ClfL, and CeneraLlon-Sklpplng 1ransfer (CS1) 1ax arameLers ln LffecL ln 2009
-8equlre ConslsLency ln value for 1ransfer and lncome 1ax urposes
-8equlre a Mlnlmum 1erm for CranLor 8eLalned AnnulLy 1rusLs (C8A1s)
-LlmlL uuraLlon of CeneraLlon-Sklpplng 1ransfer (CS1) 1ax LxempLlon
-CoordlnaLe CerLaln lncome and 1ransfer 1ax 8ules Appllcable Lo CranLor 1rusLs
-LxLend Lhe Llen on LsLaLe 1ax ueferrals rovlded under SecLlon 6166 of Lhe lnLernal 8evenue
Code
-Clarlfy CeneraLlon-Sklpplng 1ransfer (CS1) 1ax 1reaLmenL of PealLh and LducaLlon Lxcluslon 1rusLs
(PLL1s)
-lmpose a llnanclal Crlsls 8esponslblllLy lee
-8equlre CurrenL lncluslon ln lncome of Accrued MarkeL ulscounL and LlmlL Lhe Accrual AmounL for
ulsLressed uebL
-8equlre LhaL Lhe CosL 8asls of orLfollo SLock 1haL ls a Covered SecurlLy MusL be ueLermlned
uslng an Average 8asls MeLhod
-lncrease Cll Splll LlablllLy 1rusL lund llnanclng 8aLe by Cne CenL and updaLe Lhe Law Lo lnclude
CLher Sources of Crudes
-8elnsLaLe and LxLend Superfund Lxclse 1axes
-8elnsLaLe Superfund LnvlronmenLal lncome 1ax
-lncrease 1obacco 1axes and lndex for lnflaLlon
-Make unemploymenL lnsurance SurLax ermanenL
-rovlde ShorL-1erm 1ax 8ellef Lo Lmployers and Lxpand lederal unemploymenL 1ax AcL (lu1A)
8ase
-1ax Carrled (roflLs) lnLeresLs as Crdlnary lncome
-LllmlnaLe Lhe ueducLlon for ConLrlbuLlons of ConservaLlon LasemenLs on Colf Courses
-8esLrlcL ueducLlons and Parmonlze Lhe 8ules for ConLrlbuLlons of ConservaLlon LasemenLs for
PlsLorlc reservaLlon
-8equlre non-Spouse 8eneflclarles of ueceased lndlvldual 8eLlremenL AccounL or AnnulLy Cver no
More Lhan llve ?ears
-LlmlL Lhe 1oLal Accrual of 1ax-lavored 8eLlremenL 8eneflLs
-Lxpand lnformaLlon 8eporLlng
-8equlre lnformaLlon 8eporLlng for rlvaLe SeparaLe AccounLs of Llfe lnsurance Companles
Page 11

-8equlre a CerLlfled 1axpayer ldenLlflcaLlon number (1ln) from ConLracLors and Allow CerLaln
WlLhholdlng
-Modlfy 8eporLlng of 1ulLlon Lxpenses and Scholarshlps on lorm 1098-1
-lmprove Compllance by 8uslnesses
-8equlre CreaLer LlecLronlc llllng of 8eLurns
-Make L-llllng MandaLory for LxempL CrganlzaLlons
-AuLhorlze Lhe ueparLmenL of Lhe 1reasury Lo 8equlre AddlLlonal lnformaLlon Lo be of CerLaln
CLher Lmployee 8eneflL lan 8eporLs
-lmplemenL SLandards Clarlfylng When Lmployee Leaslng Companles Can 8e Peld Llable for 1helr
CllenLs' lederal LmploymenL 1axes
-lncrease CerLalnLy wlLh 8especL Lo Worker ClasslflcaLlon
-8epeal Speclal LsLlmaLed 1ax aymenL rovlslon for CerLaln lnsurance Companles
-SLrengLhen 1ax AdmlnlsLraLlon
-lmpose LlablllLy on Shareholders arLlclpaLlng ln lnLermedlary 1ransacLlon 1ax ShelLers" Lo
CollecL unpald CorporaLe lncome 1axes
-lncrease Levy AuLhorlLy for aymenLs Lo Medlcare rovlders wlLh uellnquenL 1ax uebL
-lmplemenL a rogram lnLegrlLy SLaLuLory Cap Ad[usLmenL for 1ax AdmlnlsLraLlon
-SLreamllne AudlL and Ad[usLmenL rocedures for Large arLnershlps
-8evlse Cffer-ln-Compromlse AppllcaLlon 8ules
-Lxpand lnLernal 8evenue Servlce (l8S) Access Lo lnformaLlon ln Lhe naLlonal ulrecLory of new
Plres for 1ax AdmlnlsLraLlon urposes
-Make 8epeaLed Wlllful lallure Lo llle a 1ax 8eLurn a lelony
-laclllLaLe 1ax Compllance wlLh Local !urlsdlcLlons
-LxLend SLaLuLe of LlmlLaLlons where SLaLe Ad[usLmenL AffecLs lederal 1ax LlablllLy
-lmprove lnvesLlgaLlve ulsclosure SLaLuLe
-8equlre 1axpayers Who repare 1helr 8eLurns LlecLronlcally buL llle 1helr 8eLurns on aper Lo
rlnL 1helr 8eLurns wlLh a 2-u 8ar Code
-Allow Lhe lnLernal 8evenue Servlce (l8S) Lo Absorb CredlL and ueblL Card rocesslng lees for
CerLaln 1ax aymenLs
-LxLend l8S MaLh Lrror AuLhorlLy ln CerLaln ClrcumsLances
-lmpose a enalLy on lallure Lo Comply wlLh LlecLronlc llllng 8equlremenLs
-8esLrlcL Access Lo Lhe ueaLh MasLer llle (uMl)
-rovlde WhlsLleblowers wlLh roLecLlon from 8eLallaLlon
-rovlde SLronger roLecLlon from lmproper ulsclosure of 1axpayer lnformaLlon ln WhlsLleblower
AcLlons
-lndex All enalLles Lo lnflaLlon
-LxLend ald reparer Larned lncome 1ax CredlL (Ll1C) uue ulllgence 8equlremenLs Lo Lhe Chlld
1ax CredlL
-LxLend lnLernal 8evenue Servlce (l8S) AuLhorlLy Lo 8equlre a 1runcaLed Soclal SecurlLy number
(SSn) on lorm W-2
-Add 1ax Crlmes Lo Lhe AggravaLed ldenLlLy 1hefL SLaLuLe
-lmpose a Clvll enalLy on 1ax ldenLlLy 1hefL Crlmes
Page 12

-Slmpllfy Lhe 8ules for Clalmlng Lhe Larned lncome 1ax CredlL (Ll1C) for Workers WlLhouL
Cuallfylng Chlldren
-Modlfy AdopLlon CredlL Lo Allow 1rlbal ueLermlnaLlon of Speclal needs
-LllmlnaLe Mlnlmum 8equlred ulsLrlbuLlon (M8u) 8ules for lndlvldual 8eLlremenL
-AccounL or AnnulLy (l8A)/lan 8alances of $73,000 or Less
-Allow All lnherlLed lan and lndlvldual 8eLlremenL AccounL or AnnulLy (l8A) 8alances Lo be 8olled
Cver WlLhln 60 uays
-8epeal non-Cuallfled referred SLock (nCS) ueslgnaLlon
-8epeal referenLlal ulvldend 8ule for ubllcly Cffered 8eal LsLaLe lnvesLmenL 1rusLs (8Ll1s)
-8eform Lxclse 1ax 8ased on lnvesLmenL lncome of rlvaLe loundaLlons
-8emove 8ondlng 8equlremenLs for CerLaln 1axpayers Sub[ecL Lo lederal Lxclse 1axes on ulsLllled
SplrlLs, Wlne and 8eer
-Slmpllfy ArblLrage lnvesLmenL 8esLrlcLlons
-Slmpllfy Slngle-lamlly Pouslng MorLgage 8ond 1argeLlng 8equlremenLs
-SLreamllne rlvaLe 8uslness LlmlLs on CovernmenLal 8onds
-Lxclude Self-ConsLrucLed AsseLs of Small 1axpayers from Lhe unlform CaplLallzaLlon (unlCA)
8ules
-8epeal 1echnlcal 1ermlnaLlons of arLnershlps
-8epeal AnLl-Churnlng 8ules of SecLlon 197 of Lhe lnLernal 8evenue Code
-8eform lnland WaLerways lundlng
-Allow CffseL of lederal lncome 1ax 8efunds Lo CollecL uellnquenL SLaLe lncome 1axes for CuL-of-
SLaLe 8esldenLs
-AuLhorlze Lhe LlmlLed Sharlng of 8uslness 1ax 8eLurn lnformaLlon Lo lmprove Lhe Accuracy of
lmporLanL Measures of Lhe Lconomy
-LllmlnaLe CerLaln 8evlews ConducLed by Lhe u.S. 1reasury lnspecLor Ceneral for 1ax
AdmlnlsLraLlon (1lC1A)
-Modlfy lndexlng Lo revenL ueflaLlonary Ad[usLmenLs
-8eplace Lhe Consumer rlce lndex (Cl) wlLh Lhe Chalned Cl for urposes of lndexlng 1ax
rovlslons for lnflaLlon

RT @61K1JLM *5N OP:LJ Q16 "S AB>F/

-lmplemenL 8equlremenL 1haL Low-lncome Pouslng 1ax CredlL (LlP1C)-SupporLed Pouslng roLecL
vlcLlms of uomesLlc Abuse
-uefer ueducLlon of lnLeresL Lxpense 8elaLed Lo ueferred lncome of lorelgn Subsldlarles
-ulsallow Lhe ueducLlon for Lxcess non-1axed 8elnsurance remlums ald Lo AfflllaLes
-8esLrlcL ueducLlons for Lxcesslve lnLeresL of Members of llnanclal 8eporLlng Croups
-revenL use of Leveraged ulsLrlbuLlons from 8elaLed CorporaLlons Lo Avold ulvldend 1reaLmenL
-8emove lorelgn 1axes lrom a SecLlon 902 CorporaLlon's lorelgn 1ax ool When Larnlngs Are
LllmlnaLed
-CreaLe a new CaLegory of SubparL l lncome for 1ransacLlons lnvolvlng ulglLal Coods or Servlces
-revenL Avoldance of lorelgn 8ase Company Sales lncome Lhrough ManufacLurlng Servlces
ArrangemenLs
Page 13

-8esLrlcL Lhe use of Pybrld ArrangemenLs 1haL CreaLe SLaLeless lncome
-LlmlL Lhe AppllcaLlon of LxcepLlons under SubparL l for CerLaln 1ransacLlons 1haL use
-8everse Pybrlds Lo CreaLe SLaLeless lncome
-LlmlL Lhe AblllLy of uomesLlc LnLlLles Lo LxpaLrlaLe
-8equlre LhaL uerlvaLlve ConLracLs be Marked Lo MarkeL wlLh 8esulLlng Caln or Loss 1reaLed as
Crdlnary
-Modlfy roraLlon 8ules for Llfe lnsurance Company Ceneral and SeparaLe AccounLs
-Lxpand ro 8aLa lnLeresL Lxpense ulsallowance for CorporaLe-Cwned Llfe lnsurance
-8epeal CredlL for Cll and naLural Cas roduced from Marglnal Wells
-8epeal LxcepLlon Lo asslve Loss LlmlLaLlon for Worklng lnLeresLs ln Cll and naLural Cas roperLles
-8epeal uomesLlc ManufacLurlng ueducLlon for Cll and naLural Cas roducLlon
-lncrease Ceologlcal and Ceophyslcal AmorLlzaLlon erlod for lndependenL roducers Lo Seven
?ears
-8epeal uomesLlc ManufacLurlng ueducLlon for Lhe roducLlon of Coal and CLher Pard Mlneral
lossll luels
-8epeal Lhe Lxclse 1ax CredlL for ulsLllled SplrlLs wlLh llavor and Wlne AddlLlves
-Modlfy uepreclaLlon 8ules for urchases of Ceneral AvlaLlon assenger AlrcrafL
-Lxpand Lhe ueflnlLlon of SubsLanLlal 8ullL-ln Loss for urposes of arLnershlp Loss 1ransfers
-LlmlL Lhe lmporLaLlon of Losses under 8elaLed arLy Loss LlmlLaLlon 8ules
-Modlfy Llke-klnd Lxchange 8ules for 8eal roperLy
-Conform CorporaLe Cwnershlp SLandards
-revenL LllmlnaLlon of Larnlngs and roflLs 1hrough ulsLrlbuLlons of CerLaln SLock
-rovlde AddlLlonal 1ax CredlLs for lnvesLmenL ln Cuallfled roperLy used ln a
-Cuallfylng Advanced Lnergy ManufacLurlng ro[ecL
-ueslgnaLe romlse Zones
-LxLend Lhe 1ax CredlL for Celluloslc 8lofuels
-Modlfy and LxLend Lhe 1ax CredlL for Lhe ConsLrucLlon of Lnergy-LfflclenL new Pomes
-8educe Lxclse 1axes on Llquefled naLural Cas (LnC) Lo 8rlng lnLo arlLy wlLh ulesel
-CreaLe Lhe Amerlca lasL lorward 8ond rogram
-8epeal Lhe $130 Mllllon non-hosplLal 8ond LlmlLaLlon on Cuallfled SecLlon 301(c)(3)
-Lxpand Lhe Larned lncome 1ax CredlL (Ll1C) for Workers wlLhouL Cuallfylng
-rovlde for AuLomaLlc LnrollmenL ln lndlvldual 8eLlremenL AccounLs or AnnulLles (l8As), Lmployer
lan SLarL-up CosLs
-rovlde Lxcluslon from lncome for SLudenL Loan lorglveness for SLudenLs ln CerLaln aymenL
CbllgaLlons
-rovlde Lxcluslon from lncome for SLudenL Loan lorglveness and for CerLaln rofesslons rograms
-Make ell CranLs Lxcludable from lncome and from 1ax CredlL CalculaLlons
-lmplemenL Lhe 8uffeLL 8ule by lmposlng a new lalr Share 1ax"
-8esLore Lhe LsLaLe, ClfL, and CeneraLlon-Sklpplng 1ransfer (CS1) 1ax arameLers ln LffecL ln 2009
-LxLend Lhe Llen on LsLaLe 1ax ueferrals where LsLaLe ConslsLs Largely of lnLeresL ln Closely Peld
8uslness
-Modlfy CeneraLlon-Sklpplng 1ransfer (CS1) 1ax 1reaLmenL of PealLh and LducaLlon Lxcluslon
1rusLs (PLL1s)
Page 14

-Slmpllfy ClfL 1ax Lxcluslon for Annual ClfLs
-Lxpand AppllcablllLy of ueflnlLlon of LxecuLor
-8equlre CurrenL lncluslon ln lncome of Accrued MarkeL ulscounL and LlmlL Lhe Accrual AmounL for
ulsLressed uebL
-8equlre LhaL Lhe CosL 8asls of SLock 1haL ls a Covered SecurlLy MusL be ueLermlned uslng an
Average 8asls MeLhod
-8equlre non-Spouse 8eneflclarles of ueceased lndlvldual 8eLlremenL AccounL or AnnulLy
-(l8A) Cwners and 8eLlremenL lan arLlclpanLs Lo 1ake lnherlLed ulsLrlbuLlons Cver no More Lhan
llve ?ears
-LlmlL Lhe 1oLal Accrual of 1ax-lavored 8eLlremenL 8eneflLs
-Conform Self-LmploymenL ConLrlbuLlons AcL (SLCA) 1axes lor rofesslonal Servlce 8uslnesses
-lncrease Cll Splll LlablllLy 1rusL lund llnanclng 8aLe by Cne CenL and updaLe Lhe Law Lo lnclude
CLher Sources of Crudes
-lncrease 1obacco 1axes and lndex for lnflaLlon
-rovlde ShorL-1erm 1ax 8ellef Lo Lmployers and Lxpand lederal unemploymenL 1ax AcL (lu1A)
8ase
-Lnhance and Make ermanenL lncenLlves for Lhe uonaLlon of ConservaLlon LasemenLs
-LllmlnaLe Lhe ueducLlon for ConLrlbuLlons of ConservaLlon LasemenLs on Colf Courses
-8esLrlcL ueducLlons and Parmonlze Lhe 8ules for ConLrlbuLlons of ConservaLlon LasemenLs for
PlsLorlc reservaLlon
-LllmlnaLe ueducLlon for ulvldends on SLock of ubllcly-1raded CorporaLlons Peld ln Lmployee
SLock Cwnershlp lans
-8equlre lnformaLlon 8eporLlng for rlvaLe SeparaLe AccounLs of Llfe lnsurance Companles
-8equlre a CerLlfled 1axpayer ldenLlflcaLlon number (1ln) from ConLracLors and Allow CerLaln
WlLhholdlng
-Modlfy 8eporLlng of 1ulLlon Lxpenses and Scholarshlps on lorm 1098-1
-rovlde for 8eclprocal 8eporLlng of lnformaLlon ln ConnecLlon wlLh Lhe lmplemenLaLlon of Lhe
lorelgn AccounL 1ax Compllance AcL
-lmplemenL SLandards Clarlfylng When Lmployee Leaslng Companles Can 8e Peld Llable for 1helr
CllenLs' lederal LmploymenL 1axes
-lncrease lnformaLlon Sharlng Lo AdmlnlsLer Lxclse 1axes
-lmpose LlablllLy on Shareholders Lo CollecL unpald lncome 1axes of Appllcable CorporaLlons
-lncrease Levy AuLhorlLy for aymenLs Lo Medlcare rovlders wlLh uellnquenL 1ax uebL
-lmplemenL a rogram lnLegrlLy SLaLuLory Cap Ad[usLmenL for 1ax AdmlnlsLraLlon
-Lxpand lnLernal 8evenue Servlce (l8S) Access Lo lnformaLlon ln Lhe naLlonal ulrecLory of new
Plres for 1ax AdmlnlsLraLlon urposes
-8equlre 1axpayers Who repare 1helr 8eLurns LlecLronlcally buL llle 1helr 8eLurns on
-aper Lo rlnL 1helr 8eLurns wlLh a Scannable Code
-rovlde Lhe lnLernal 8evenue Servlce (l8S) wlLh CreaLer llexlblllLy Lo Address CorrecLable Lrrors
-Make L-llllng MandaLory for LxempL CrganlzaLlons
-AuLhorlze Lhe ueparLmenL of Lhe 1reasury Lo 8equlre AddlLlonal lnformaLlon Lo be of CerLaln
CLher Lmployee 8eneflL lan 8eporLs
-rovlde WhlsLleblowers wlLh roLecLlon from 8eLallaLlon
Page 15

-rovlde SLronger roLecLlon from lmproper ulsclosure of 1axpayer lnformaLlon ln WhlsLleblower
AcLlons
-lndex All enalLles lor lnflaLlon
-LxLend ald reparer Larned lncome 1ax CredlL (Ll1C) uue ulllgence 8equlremenLs Lo Lhe Chlld
1ax CredlL
-LxLend lnLernal 8evenue Servlce (l8S) AuLhorlLy Lo 8equlre a 1runcaLed Soclal SecurlLy number
(SSn) on lorm W-2
-Add 1ax Crlmes Lo Lhe AggravaLed ldenLlLy 1hefL SLaLuLe
-lmpose a Clvll enalLy on 1ax ldenLlLy 1hefL Crlmes
-Allow SLaLes Lo Send noLlces of lnLenL Lo CffseL lederal 1ax 8efunds Lo CollecL SLaLe 1ax
CbllgaLlons by 8egular llrsL-Class Mall lnsLead of CerLlfled Mall
-LxpllclLly rovlde LhaL Lhe ueparLmenL of Lhe 1reasury and Lhe lnLernal 8evenue Servlce
-(l8S) Pave AuLhorlLy Lo 8egulaLe All ald 8eLurn reparers
-8aLlonallze 1ax 8eLurn llllng uue uaLes So 1hey Are SLaggered
-lncrease Lhe enalLy Appllcable Lo ald 1ax reparers Who Lngage ln Wlllful or 8eckless ConducL
-Lnhance AdmlnlsLrablllLy of Lhe Appralser enalLy
-Slmpllfy Mlnlmum 8equlred ulsLrlbuLlon (M8u) 8ules
-8epeal referenLlal ulvldend 8ule for ubllcly 1raded and ubllcly Cffered 8eal LsLaLe lnvesLmenL
1rusLs (8Ll1s) on ulsLllled SplrlLs, Wlne, and 8eer
-8epeal AnLl-Churnlng 8ules of SecLlon 197
-8epeal Speclal LsLlmaLed 1ax aymenL rovlslon for CerLaln lnsurance Companles
-8epeal Lhe 1elephone Lxclse 1ax
-lncrease Lhe SLandard Mlleage 8aLe for AuLomoblle use by volunLeers




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lot mote lofotmotloo ot to ottooqe oo lotetvlew pleose cootoct Iobo kottcb ot (202) 785-0266 ot by emoll ot
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