With the fate of tax policy hanging in the balance and the possible reform of the entire Tax Code in the hands of the next President, CCH has released a Special Tax Briefing: 2012 Tax Policies of the Major Presidential Candidates. The new Briefing describes the tax policies of President Barack Obama, the Democratic Party candidate for President, and former Governor Mitt Romney, the Republican Party candidate for President, along with analysis of the potential impact of their tax positions both for the immediate future and for 2014 and beyond. CCH, a Wolters Kluwer business is a leading global provider of tax, accounting and audit information, software and services.
“The uncertainties facing taxpayers in 2013 are almost unprecedented in scope,” said CCH Principal Federal Tax Analyst, Mark Luscombe, JD, LLM, CPA. “With a combination of potential major events, including what many refer to as ‘taxmageddon’ and the ‘fiscal cliff,’ and the scheduled sunsetting of Bush-era tax cuts on December 31, 2012, the winner of the November presidential election and his tax policy will have a significant impact on all taxpayers across the country.”