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Details, Details: What to Expect From Biden’s Tax ‘Green Book’

May 26, 2021, 8:45 AM

Companies and tax professionals have already seen the broad outlines of President Joe Biden’s trillions of dollars in proposed tax increases. Now comes the fine print.

The Treasury Department plans to soon release its “Green Book” with fuller details of the tax proposals the administration intends to use to pay for $4 trillion-plus in new spending. Companies and tax practitioners will be paying close attention to estimates of how much revenue Biden expects to raise from each of his proposed changes, and how they add up.

The Green Book is historically released in conjunction with the president’s budget request, ...