Snap-O Fact #6
The Obama Administration requires economic justification for changes to tax law.
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The Obama Administration adopted the "economic substance doctrine", a policy that states that tax changes must have significant economic justification, as a federal law. Find out more about why this is important to American tax payers by clicking on the link below.


Sources:

U.S. Treasury Department, General Explanations of the Administration's Fiscal Year 2010 Revenue Proposals , May 2009

Tax Policy Center, Tax Proposals in the 2010 budget , accessed Oct. 2, 2009