Treasury’s Green Book, Part 2: Next Steps in Congress, and Good News about Credits & Incentives
June 29, 2021
This episode of the Tax Beat is part two of reviewing the U.S. Treasury’s “General Explanations of the Administration’s Fiscal Year 2022 Revenue Proposals” (the “Green Book”). The Treasury report was released on May 28, 2021, and provides details of the tax provisions introduced with the American Jobs Plan and the American Families Plan. Following up on our Green Book, Part One conversation, we discuss what happens next in Congress and what other competing needs must be addressed within a limited number of days that Congress is in session. We also touch on the G7 agreement regarding a minimum tax rate. Finally, we turn our conversation to some good news in the Green Book – new and enhanced tax incentives and credits. Ron Wainwright, Cherry Bekaert’s Credits and Accounting Methods Leader joins hosts Brooks and Sarah for this episode.