1) On people making more than $250,000.
- $338 billion - Bush tax cuts expire
- $179 billlion - Eliminate itemized deduction
- $118 billion - Capital gains tax hike
Total: $636 billion/10 years
2) Businesses:
- $17 billion - Reinstate Superfund taxes
- $24 billion - Tax carried-interest as income
- $5 billion - Codify "economic substance doctrine"
- $61 billion - Repeal LIFO
- $210 billion - International enforcement, reform deferral, other tax reform
- $4 billion - Information reporting for rental payments
- $5.3 billion - Excise tax on Gulf of Mexico oil and gas
- $3.4 billion - Repeal expensing of tangible drilling costs
- $62 million - Repeal deduction for tertiary injectants
- $49 million - Repeal passive loss exception for working interests in oil and natural gas properties
- $13 billion - Repeal manufacturing tax deduction for oil and natural gas companies
- $1 billion - Increase to 7 years geological and geophysical amortization period for independent producers
- $882 million - Eliminate advanced earned income tax credit
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