Deloitte Tax summary of revenue proposals in FY 2023 White House budget blueprint available
The White House released a fiscal year 2023 budget blueprint on March 28 that echoes—and amplifies—President Joe Biden’s longstanding calls for significant tax increases targeting large corporations and high-income individuals. All told, these revenue proposals would increase federal receipts by more than $2.5 trillion (net) between 2023 and 2032, according to estimates from the Office of Management and Budget.
A detailed summary of the major tax provisions in the budget package is available from Deloitte Tax LLP.
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