The winds of political change bring with them the potential for consequential revisions to the tax code. As anticipated, in late April President Joe Biden unveiled a number of significant proposed changes to the individual tax provisions. As with proposed revisions to the corporate code made several weeks earlier, these potential increases would fund an ambitious, multi-trillion dollar “Build Back Better” spending plan.

To be clear, the ultimate forms these proposals take and their political pathways remain uncertain. We do believe, however, it is likely some changes will be enacted. READ MORE