President Biden Announces The Made in America Tax Plan proposing corporate tax changes; the American Families Plan with individual tax changes coming soon (April 1, 2021)

On March 31, 2021, President Biden announced The American Jobs Plan portion of his Build Back Better program, which contains corporate tax changes in The Made in America Tax Plan. He also announced that The American Families Plan, which will propose individual tax changes will be coming soon.

See the details at the following links:

• Corporate tax proposals:
  • White House fact sheet for The American Jobs Plan, containing the Made in America Tax Plan – see tax plan near end of fact sheet.
  • White House American Jobs Plan page.
  • KPMG summary
• The Build Back Better White House info page.

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.