On March 31, 2021, the White House released The American Jobs Plan, a blueprint of the administration’s intent to invest in rebuilding the country’s infrastructure and target job creation. The Made in America Tax Plan was released simultaneously as a general proposal of primarily corporate tax reforms aimed at financing the intended infrastructure investment.
On April 28, 2021, the White House released The American Families Plan, the next iteration of additional tax reform proposals directed at individual level taxation.
The Green Book is the next step in the Biden Administration’s plans; a formal outline with additional details into the proposals introduced in The American Jobs Plan and The American Families Plan.
Please contact your Somerset advisor at 317.472.2200 or with any questions.