OnPoint: Treasury Releases Fiscal 2024 Greenbook

The U.S. Treasury Department just released the “Green Book”—a 226-page general explanation of the tax proposals in the administration’s FY 2024 budget.

This OnPoint: 2024 Greenbook summarizes the Biden administration’s revenue proposals to reduce the deficit, increase the corporate tax rate, and expanded premiums under the Affordable Care Act.

Download this OnPoint for key highlights including:

• Major changes in corporate and individual taxes.
• Modifications to align the US with international agreements.
• Adjustments to federal health programs, retirement accounts, and distribution.