March 9, 2023

ITEP Statement: President Biden Lays Out a Bold Vision for Tax Justice in Proposed Budget

news release

Contact: Jon Whiten – [email protected] 

Today President Biden unveiled his fiscal year 2024 budget, which includes several tax reforms ITEP has tracked (some for many years). Below is a statement from our Executive Director Amy Hanauer and a list of some of the most important tax proposals and ITEP resources on them.

“President Biden’s budget proposal presents a bold vision for what tax justice should look like in America. The provisions would raise substantial revenue, fund important priorities and increase tax fairness. The revenue raisers are laser focused on taxing very wealthy individuals and corporations, and the budget would reduce the deficit while easing costs for American families, particularly for middle and low-income parents.”

Among the tax changes proposed in the budget, along with key ITEP resources: