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How Biden’s Budget Proposals Impact Pre-2026 Planning

Martin M. Shenkman and Joy Matak discuss proposals in the 2025 Green Book.

In this intensely divided political climate, practitioners may consider President Biden’s annual budget wish list dead on arrival. This misses the point. The ideas in the General Explanations of the Administration’s Fiscal Year 2025 Revenue Proposals (the 2025 Green Book) aren’t new. With persistence and a favorable election or two, some of these recommendations may eventually become law. Practitioners should alert clients to this possibility when engaging with clients

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