NEW YORK – Thomson Reuters Checkpoint has released a special report, President’s Fiscal Year 2016 Budget. The President’s budget contains a host of individual and business tax proposals. This report examines some of the budget’s highlights, including the President’s strategy to strengthen the middle class and help working families.

Key areas of the report include:

• Individual Taxation – Middle Class Relief and Simplification
• Individual Taxation – Increase Taxes on the Wealthiest
• Business Tax Incentives
• Small Business Incentives
• U.S. Taxation of International Activity

“Of course, with a Republican Congress in place, many of the tax provisions in the President’s budget, particularly those that raise taxes, will not become law,” said Jeffrey Pretsfelder, senior tax analyst with the Tax & Accounting business of Thomson Reuters and author of the report. “Nonetheless, the Budget reveals a host of middle-income tax priorities and showcases some sweeping tax changes.”

The special report is available for download at no cost at tax.thomsonreuters.com/2016Budget.

For additional information on related tax guidelines, Thomson Reuters Checkpoint provides the following resources:

• Federal Tax Coordinator
• Tax Desk
• RIA Federal Tax Handbook
• U.S. Tax Reporter: Income
• Webinars, including Monthly Tax Alert and Federal Tax Update
• Online courses, including Obamacare: The Individual Mandate and Obamacare: The Employer Mandate

Thomson Reuters Checkpoint is the leading global brand of knowledge solutions for tax and accounting professionals. Checkpoint is a robust, comprehensive, and interactive offering which provides integrated research, editorial insight, productivity tools, online learning and news updates along with intelligent linking to related content and software. With our respected content, Checkpoint is relied on by thousands of tax and accounting professionals, including 97 of the Top 100 U.S. law firms, 96 of the Fortune 100 companies, and 99 of the top 100 U.S. CPA firms.

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