President Biden has unveiled his $2.3 trillion infrastructure plan; now, the focus turns to how the Administration proposes to pay for all (or some of) the measures. While these plans are still subject to significant change, it’s a good idea to keep an eye on key components that could impact your financial strategies and portfolio. Forewarned is forearmed.
Today’s tax rates are among the lowest U.S. citizens have experienced since the inception of the federal tax code in 1913. While corporate taxes are on the front burner, individual tax increases may not be far behind. Below are ten proposed changes we’re watching to see if they make it into the final legislation:
As we mentioned at the outset, some or all of these provisions may never pass, but being aware of them now to avoid surprises makes sense. We’ll continue to keep an eye on how things transpire and can discuss how the final bill will impact your portfolio and investment strategies when that time comes. If you have questions or concerns, please let us know, and we can discuss them in more detail.
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The American Jobs Act – 10 Potential Changes We’re Watching
| April 22, 2021