BDO has published an article, “Treasury’s Green Book Provides Details on Administration’s Tax Blueprint,” which discusses the Treasury Department’s explanation of Biden’s tax plan. The article begins as follows:
The Treasury Department on May 28 released its general explanation of tax proposals included in the Biden administration’s fiscal year 2022 budget submission to Congress. Commonly known as the “Green Book,” the 114-page document provides more details regarding the administration’s tax proposals that had been previewed in the American Jobs Plan and the American Families Plan.
The general contours of the administration’s tax plan – higher tax rates for high-income individuals and large corporations – were established during the presidential campaign and set down in broad terms with the release of the American Jobs Plan and the American Families Plan. However, important details were missing, and the Green Book fills in some of the gaps in the administration’s priorities.
To view the full article, click here: “Treasury’s Green Book Provides Details on Administration’s Tax Blueprint.”
Posted by Bella Hoang, Managing Associate Editor, Wealth Strategies Journal.