On Monday, March 28, the Biden administration released its $5.8 trillion fiscal year (FY) 2023 budget request (“Budget”) and various accompanying documents. This includes the Green Book, which provides cost estimates and descriptions for the revenue proposals in the Budget prepared by the Department of the Treasury.
The Budget includes new tax increases and other measures that are intended to reduce federal deficits by $1 trillion over 10 years. It also contains $813 billion in proposed defense discretionary spending and about $769 billion in non-defense discretionary spending.
Click to find an overview of key numbers in the president’s Budget.
Read the FULL “ummary and Analysis: White House FY 2023 Budget Request” update from Brownstein Hyatt Farber Schreck.
Family Enterprise USA advocates for American Family business. We help family businesses communicate their challenges and contributions to American economic freedom to Legislators. We represent all American family businesses; not just specific industries and provide research to enhance the opportunity for success. We help family businesses continue to establish their unique business legacy. Family Enterprise USA is a 501(c)(3) non-profit organization.. Family foundations can donate.
@FamilyEnterpriseUSA @PolicyAndTaxationGroup @DitchTheEstateTax #FamilyBusiness #Business #SmallBiz #EstateTax #Deathtax #CapitalGainsTax #StepUpInBasis #Taxes #gifttax #Generationskippingtax #InheritanceTax #repealestatetax #promotefamilybusinesses #taxLegislation #AdvocatingForFamilyBusinesses #incometax #Generationallyowned #Multigenerationalbusiness