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We are pleased to present the following article featuring an outline of the Obama Administration's budget proposals.  On May 11, 2009, the Treasury Department released General Explanations of the Administration's Fiscal Year 2010 Revenue Proposals ("Green Book"), which provides a description of the Obama administration's budget proposals affecting revenues. These proposals are an outline of the Administration's policy initiatives, and will serve as the blueprint for future discussions with Congress.

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Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.