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Tax and Retirement Consequences of Biden’s 2023 Budget Proposal

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As part of the Biden administration’s fiscal year 2023 budget proposal, aka the Green Book, for the Treasury Department, Janet Yellen testified before the Senate Finance Committee and the House Ways and Means Committee in early June 2022. Her first stop was the Senate Finance Committee, where she testified on Tuesday, June 7, at a hearing on‌ ‌“The‌ ‌President’s Fiscal‌ ‌Year‌ ‌2023 Budget.” That hearing was about inflation, food and energy prices, international tax agreements, and rewriting tax law‌ ‌to‌ ‌better‌ ‌support‌ ‌low-‌ ‌and‌ ‌middle-income‌ ‌families. ‌For the full transcript of th…

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