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Budget Seeks 10 Year $1.9 Trillion Tax Rise on Richest, Business
(Bloomberg) — The Obama administration seeks a $970 billion tax increase over the next decade on Americans earning more than $200,000 and wants to take in an additional $400 billion from businesses even as it retools a proposed crackdown on international tax-avoidance techniques
 
Budget Includes $400 Billion In Business Tax Hikes
(Dow Jones) – New taxes on the financial industry, multinational firms and other businesses would raise more than $400 billion over the next 10 years, under the budget plan released by President Barack Obama Monday
 
The Stadium-Naming Game
(Wall Street Journal) – Sunday’s Super Bowl will be played in a building that, over the years, has been named Pro Player Stadium (after a clothing line), Land Shark Stadium (after an entertainer’s beer company) and Sun Life Stadium (after the Canadian financial-services firm that cut a deal last month).
 
Tax Court Allows Deduction for Womans Sex Change
(USA Today) – The U.S. Tax Court ruled Tuesday that a Massachusetts woman should be allowed to deduct the costs of her sex-change operation…The IRS said the surgery was cosmetic and not medically necessary.
 
Obamas Tax Priorities Shift Modestly to Reflect Gloomy Deficit Outlook
(BNA) – The vast majority of President Obama’s tax policy priorities were left unchanged in his fiscal year 2011 budget unveiled Feb. 1, but the handful of modifications reflect some of the hard decisions he has to confront with an expected $1.56 trillion budget deficit.

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