Understanding the Impact of Biden’s Tax Proposals

If approved by Congress, the Biden administration’s tax proposals would significantly impact individual, corporate, and international taxes. The administration’s proposed American Families Plan would raise taxes by an estimated $661 billion; the proposed Made in America Tax Plan would raise taxes by $2.3 trillion.

OMA Connections Partner Plante Moran has published this insight to highlight the administration’s key tax proposals and what might be coming next. 7/8/2021