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Budget plan and Green Book for FY23 unveiled – what’s in it?

Part of the Tax News & Views podcast series

President Biden unveils a budget proposal for the 2023 fiscal year that could have major implications in the tax space if approved by Congress. In this latest episode, host Carrie Falkenhayn and Jonathan Traub from Deloitte’s Washington National Tax group dive into the particularities of the proposal and what tax leaders need to pay attention to and plan for.

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Tax Podcast: Budget plan and Green Book for FY23 unveiled – what’s in it?

President Biden released the budget blueprint and “Green Book” for fiscal year 2023, detailing upcoming tax and revenue proposals that could significantly impact companies and individual taxpayers. In this latest episode, host and Deloitte Tax leader Carrie Falkenhayn sits down with Washington National Tax leader Jonathan Traub to take a closer look at those proposals and their potential tax implications for companies, as well as reactions from Congress, and next steps to get the budget approved:

At some point, we’ll see hearings in the Senate Finance and House Ways and Means Committees, and since there’s some lack of specificity in the budget proposal, I’m sure US Secretary of Treasury Janet Yellen will be called upon to provide clarity.

—Jonathan Traub

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