President Obama has submitted his fiscal year 2012 budget to the US Congress. The proposals are summarized in a Press Release issued by the US Treasury Department. Information is also provided in the General Explanations of the Administration's Fiscal Year 2012 Revenue Proposals (Green Book), which contains greater details on the proposals. With respect to business taxpayers, the significant proposals include: -   permanently eliminating capital gains tax on investments in certain qualified small business stock; -   enhancing the research and experimentation (R&E) tax credit by making it permanent and increasing the rate of the alternative simplified research credit...