KPMG’s podcast discusses when when the Biden tax increases will come, suggesting they might come later rather than sooner. The abstract is as follows:
Both Secretary of Treasury Janet Yellen and Assistant Secretary for Tax Policy Mark Mazur made comments in recent weeks that might suggest Biden’s proposed tax increases could come later, not sooner. But is there more here than meets the eye? John Gimigliano, Jen Acuna, and Tom Stout break down these comments to see what we might learn about timing for Congressional action on Biden’s proposals.
Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.