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Biden’s 2023 Green Book Tax ProposalsBiden’s 2023 Green Book Tax Proposals

A summary of the policies after Build Back Better.

15 Min Read
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On March 28, the Biden administration released its second set of desired revenue-raising proposals in General Explanations of the Administration’s Fiscal Year 2023 Revenue Proposals (the 2023 Green Book).1 These proposals represent the first comprehensive tax proposals from the administration since Build Back Better failed to advance in Congress late last year. For tax advisors, Green Book proposals are always interesting—both for what’s included and what isn’t. While these proposals may not advance, especially given the current Congress—it’s useful to see what topics are being considered and to be able to address client concerns regarding the proposals.

The Biden administration’s first Green Book, issued in May 2021, garnered significant...

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About the Authors

James I. Dougherty

Partner, Dungey Dougherty PLLC

James is a partner at Dungey Dougherty PLLC, practicing out of Greenwich, Connecticut and New York City. His practice focuses on the estate planning and estate administration needs of high net worth individuals and their families. James assists executors and beneficiaries alike through all aspects of the estate administration process including probate, contested estates, tax, and post-mortem estate planning issues. His estate planning practice is focused on working with affluent individuals in the development and implementation of sophisticated planning techniques to help them accumulate, preserve, and transfer their wealth.

Marissa Dungey

Partner, Dungey Dougherty PLLC

Marissa is a partner at Dungey Dougherty PLLC, practicing out of Greenwich, Connecticut and New York City. She focuses on tax and estate planning for high-net-worth individuals and their families.

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