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April 9, 2021

Biden tax proposals take shape amid uncertain outlook in Congress

President Biden and Treasury Secretary Janet Yellen have made the case for major tax changes in speeches and reports, and laid out the first broad swath of proposals – addressing corporate tax changes, with tax changes for individuals to come several weeks from now.

This publication from Washington Council Ernst & Young, and attached below, provides a look at the rationale for tax changes, details and differences among plans, what the changes would pay for, and the outlook in Congress.


Biden tax proposals