White House Releases Tax Proposals as Part of Fiscal Year 2022 Budget Plan

In late May, the Biden Administration released its proposed budget for fiscal year 2022. Proposals in the budget, which are described in the General Explanations of the Administration’s Fiscal Year 2022 Revenue Proposals (also known as the “Greenbook”), include (1) increasing taxes on high-income taxpayers and corporations; (2) ending the carried interest tax break; (3) repealing the […]