President Biden’s 2023 “Green Book” Proposal
On March 28, 2022, the U.S. Treasury Department released its 2023 “Green Book,” known as the General Explanations of the Administration’s Fiscal Year 2022 Revenue Proposal.
Contained within it are various proposed tax increases related to:
Corporate and business taxation
Individual income taxation
Estate and gift taxation
What the Green Book refers to as closing “loopholes”
Download the summary of these proposals that offer some key takeaways.
We will continue to keep you updated as additional information is considered. Please reach out with any questions.