Take Two: Biden’s Budget Proposes Tax Hikes

Alex Serber and Stephen Putnoki-Higgins

On March 28, 2022, President Biden announced his 2023 federal budget (Budget), which is often referred to as the President’s Green Book. While much of the Budget harkens back to the “Build Back Better Framework” (Framework), the Budget narrows down some of the Framework’s loftier goals and re-focuses on Biden’s “new economic vision,” which consists of reducing costs for families, reducing the deficit, and building a better America. More specifically, Biden stated that:

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