May 28, 2021
FIRST IMPRESSIONS | Biden FY2022 Budget, Treasury Green Book detail Administration's tax proposals
The Biden administration detailed its tax increase and other tax proposals in the FY2022 budget and Treasury Green Book released May 28. New details were provided on proposals outlined earlier in the Made in America Tax Plan (proposed alongside the American Jobs Plan infrastructure proposal) on March 31, and the American Families Plan "human infrastructure" plan proposed on April 28. The Green Book mostly sticks with provisions under the Jobs and Families plans and doesn't offer many new proposals in other areas. It also omits several proposals from Biden's campaign tax plans.
An alert from Washington Council Ernst & Young, attached below, provides additional details.
Biden FY2022 Budget, Treasury Green Book detail Administration's tax proposals