Tax and Retirement Consequences of Biden’s 2023 Budget Proposal

1 week ago 25

As part of the Biden administration’s fiscal year 2023 budget proposal, aka the Green Book, for the Treasury Department, Janet Yellen testified before the Senate Finance Committee and the House Ways and Means Committee in early June 2022.

Her first stop was the Senate Finance Committee, where she testified on Tuesday, June 7, at a hearing on‌ ‌“The‌ ‌President’s Fiscal‌ ‌Year‌ ‌2023 Budget.” That hearing was about inflation, food and energy prices, international tax agreements, and rewriting tax law‌ ‌to‌ ‌better‌ ‌support‌ ‌low-‌ ‌and‌ ‌middle-income‌ ‌families. ‌For the full transcript of the Senate Finance Committee hearing, click here.

On Wednesday, June 8, she testified before the House Ways and Means Committee in a hearing called‌ ‌“Proposed‌ ‌Fiscal‌ ‌Year‌ ‌2023‌ ‌Budget‌ ‌with‌ ‌Treasury Secretary‌ ‌Janet‌ ‌Yellen.” ‌This hearing focused on tax reforms, food and energy prices, rising prices, and controlling inflationary pressures in the president’s ‌budget‌ ‌request. ‌See the full text of the House Ways and Means Committee hearing by clicking here.

Additionally, if the Build Back Better Act (BBBA) passes, President Biden would raise r...

Read Entire Article