Tax,
Government
Nov. 16, 2021
Build Back Better includes tax provisions
On October 28, the Biden administration released the text of the $1.75 trillion Build Back Better Act — also referred to as the human infrastructure bill. Designed to expand the nation’s social safety net and also help fight climate change, about $1 trillion of the act would be financed by higher taxes on wealthy Americans.
Phil Jelsma
Partner and Chair of the Tax Practice Team
Crosbie Gliner Schiffman Southard & Swanson LLC (CGS3)
Email: pjelsma@cgs3.com
Phil is chair of the tax practice team at CGS3. He is recognized as a leading joint venture and tax attorney, with a 30-year background in real estate exchange transactions, syndications, nonprofit corporations and international tax planning.
On October 28, the Biden administration released the text of the $1.75 trillion Build Back Better Act -- also referred to as the human infrastructure bill. Designed to expand the nation's social safety net and also help fight climate change, about $1 trillion of the act would be financed by higher taxes on wealthy Americans. As a result, the new legislation includes a number of important corporate and individual tax provisions. These provisions primarily impact the to...
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