Tax and Retirement Consequences of Biden’s 2023 Budget Proposal

Tax and Retirement Consequences of Biden’s 2023 Budget Proposal
The Biden administration’s fiscal year 2023 budget proposal, known as the Green Book, has potential tax and retirement consequences for American taxpayers. Steve Heap/ShutterStock
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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 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.
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