On Monday, March 11, President Joe Biden released his budget request to Congress (“Budget”) and various accompanying documents. Separately, the Treasury Department released its General Explanations of the Administration’s Fiscal Year 2025 Revenue Proposals, commonly known as the “Green Book,” which provides more detailed descriptions of the tax proposals in the Budget along with associated revenue estimates.
Please see a a comprehensive summary of tax proposals in the Green Book below.
Please see full publication below for more information.