Biden’s Green Book and the future of philanthropy

Part of the Tax News & Views podcast series

Biden’s issuing of the Green Book could alter cash contributions and the associated tax implications. In this latest episode, explore what lies ahead for these budget proposals on future legislation and enforcement, and what stands in its way of passing Congress.

Listen and subscribe to the Tax News & Views podcast:

Listen on Apple Podcast Listen on Google Podcast Listen on Spotify Listen on Souncloud Listen on Pandora

Biden’s Green Book and the future of philanthropy

Fresh from the desk of President Biden comes the release of the Green Book. This document outlines two significant budget proposals that could reshape the way private foundations operate—they just have to pass first. Host Carrie Falkenhayn is joined by Jocelyne Miller from Deloitte’s Private Wealth Practice and Deloitte Center for Excellence in philanthropy and Jeff Kummer from Deloitte’s Tax Policy Group to discuss the proposal’s path forward, as well as the potential changes to qualifying distributions, tax legislation, and corporate income tax rates that all tax professionals should look out for:

The corporate rate, as we know, is permanent, but there are other provisions on the individual side, like estate and gift tax relief, that are all scheduled to sunset under current law. I could see where the corporate rate is perhaps increased to offset the cost of extending some of this other tax relief that is so impactful for individual taxpayers.                                                                                                                                                                                                                                                  —Jeffrey Kummer


white house icon
Learn about the latest tax policy updates with the Tax News & Views podcast

Subscribe to Tax News & Views

There are plenty of tax-related policy and regulatory updates these days. Clear-eyed analysis of it is more difficult to come by. Deloitte Tax News & Views is a tax podcast committed to making sure you understand the latest tax developments and opportunities and their potential impact on your business.

Listen as Deloitte Tax specialists provide key highlights of tax legislation, regulation, and more.

Subscribe now on: iTunes | SoundCloud | Stitcher | Spotify

Or visit the Tax News & Views library for the full collection of episodes.

tax news and views
View the Tax News & Views library
Did you find this useful?