More of the Same: Breaking Down Biden’s Budget
Tax Notes Talk
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Biden's Fiscal Year 2024 Budget Tax Proposals Are More Complex Than They Really Are
Biden is putting forth proposals in his budget that would reduce deficits by roughly $3 trillion over a decade against the OMB, the Office of Management and Budget's baseline. A lot of the tax proposals in the fiscal year 2024 budget are very similar to the fiscal year 2023 budget. They focus a lot on raising taxes on capital income of these high income households.
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