The document discusses the budget deal reached by House Budget Committee Chairman Paul Ryan and Senate Budget Committee Chairman Patty Murray, tax reform efforts by Sen. Max Baucus and Rep. Dave Camp, and the concept of 'extenders' in tax legislation. It also covers the American Taxpayer Relief Act of 2012, the 3.8% tax on net investment income introduced by the Affordable Care Act, the Supreme Court's decision on same-sex marriage in United States v. Windsor, the government shutdown in October 2013, and the 'nuclear option' exercised by Senate Democrats. The document concludes with a discussion on the concept of 'permanency' in tax law and the December 2013 applicable federal rates.
documents/EFTA00603552.pdf
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