Snap-O Fact #6
Post date: Dec 07, 2011 3:11:27 PM
Snap-O Fact #6
The Obama Administration requires economic justification for changes to tax law.
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:
From Politifact.com http://www.politifact.com/truth-o-meter/promises/obameter/promise/17/require-economic-justification-for-tax-cuts/
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