CRS Report for CongressPrepared for Members and Committees of Congress An Overview of Major Tax Proposals in the Presidents FY2012 Budget Mark P. Keightley, Coordinator Analyst in Economics James M. Bickley Specialist in Public Finance Gary Guenther Analyst in Public Finance Thomas L. Hungerford Specialist in Public Finance Steven Maguire Specialist in Public Finance Donald J. Marples Section Research Manager Molly F. Sherlock Specialist in Public Finance May 4, 2012 Congressional Research Service 7-5700 www.crs.gov R41699