Fiscal Year (FY) 2017 Budget Proposals

President Obama called for expanding middle-income tax incentives, tweaking the Affordable Care Act’s excise tax on high dollar health plans and net investment income (NII) tax, imposing a fee on oil to fund infrastructure spending, and more in his fiscal year (FY) 2017 federal government budget released on February 9. is the final federal budget that President Obama will propose. As expected, the President also renewed tax proposals from previous budgets, particularly in the international and retirement savings areas. e overall White House budget would raise over $2.8 trillion in revenue over the next 10 years. 

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