President's Budget Includes Repeal of ESOP Dividend Deduction

President Obama's proposed budget for the 2014 fiscal year would "eliminate section 404(k) ESOP dividend deduction for large C corporations," and calculates that the move would increase federal tax revenue by $407 million that fi

President's Economic Recovery Advisory Board Report Lists Changes in ESOPs

The President's Economic Recovery Advisory Board is a commission of notable nongovernmental experts convened to consider ways to spur economic recovery. Paul Volcker chairs the board. One of its mandates is to look at ideas on tax simplification, greater tax compliance, and corporate tax reform.

Press Coverage

An April 13 article in the Pittsburgh Post Gazette focused on ESOPs and baby boomers.