DAC Insights: The Winds of Change… Summarizing Biden’s Proposed Tax Plan
On April 28th, President Biden called on Congress to enact the proposed $2.3 trillion, mostly infrastructure-related “American Jobs Plan” as well as a $1.8 trillion taxation proposal called the “American Families Plan”. To fund these plans, the former proposes increasing income taxes on corporate profits with the latter proposing income, estate and capital gains tax increases for wealthy individuals. Check out DAC’s summary of potential implications to address questions and/or concerns about how these proposals may affect your financial situation…