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Breaking Down the Biden Administration's 2024 Budget: Highlights and Implications

Breaking Down the Biden Administration's 2024 Budget: Highlights and Implications

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March 2023

The U.S. Department of the Treasury released the General Explanations of the Administration’s Fiscal Year 2024 Revenue Proposals, commonly known as the “Greenbook,” on March 9, 2023. This document provides an overview of the White House’s proposed budget. The following is a summary of some trends in the proposed budget, along with highlights of changes it would make to the Internal Revenue Code (IRC) and tax policies.

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