U.S. Treasury Issues Green Book Providing Additional Details Regarding the Biden Administration's Tax Plans

Summary

The U.S. Treasury Department issued its green book, providing fuller details of the Made in America Tax Plan, which proposes corporate tax changes to finance the American Jobs Plan – the first piece of the Biden administration's infrastructure plan. It also provides more specifics about the American Families Plan, which contains a number of tax provisions targeting high-income individuals and providing for increased IRS enforcement activity to pay for additional infrastructure investments and tax credits aimed toward children and families.