TaxProf Blog

Editor: Paul L. Caron, Dean
Pepperdine University School of Law

Monday, February 5, 2007

Treasury Releases Blue Book on FY 2008 Revenue Proposals

Bluebk07_page_001_2 The Treasury Department today released its General Explanations of the Administration's Fiscal Year (FY) 2008 Revenue Proposals (the "Blue Book").  From the press release:

The Administration's FY 2008 Budget includes measures to permanently extend the President's tax relief enacted in 2001 and 2003, the President's proposal for a new standard deduction to make health insurance more affordable and a set of proposals to improve compliance with the U.S. tax system. The FY 2008 Budget also includes initiatives to:

  • Improve Americans' Competitiveness
  • Provide Alternative Minimum Tax (AMT) Relief
  • Simplify and Encourage Savings
  • Strengthen Education
  • Provide Incentives for Charitable Giving
  • Extend Various Expiring Tax Provisions

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