A Look at Tax Reform Proposals

A Look at Tax Reform Proposals

On May 28, 2021, the Treasury Department released the “Green Book,” a description of revenue proposals within President Biden’s fiscal year 2022 budget. This document includes a wish list of tax changes the Administration says would “raise revenue, improve tax administration, and make the tax system more equitable and efficient.” The proposals are an opening bid for potential tax reform in the months to come, providing a bit more detail on the President’s Build Back Better agenda, namely the American Jobs Plan and the American Families Plan.

Today’s blog post is courtesy of friend of Tax School and director for the Center for Agricultural Law and Taxation (CALT) at Iowa State University, Kristine Tidgren, JD. In this blog post, Kristine reviews key provisions detailed in the Green Book.

You can read the entire post on the CALT website.

By the way, Kristine will be teaching an in-depth online seminar on farm taxation for us in September. More details will be available in July.

Kristine Tidgren, JD, is is an adjunct assistant professor in the Agricultural Education & Studies Department and the director for the Center for Agricultural Law and Taxation (CALT) at Iowa State University. Kristine’s work focuses on studying and interpreting laws impacting the agricultural industry. In particular, she focuses on agricultural taxation. Since joining CALT in 2013, Kristine has written hundreds of articles and blog posts to keep tax professionals, practicing attorneys, producers, and agribusiness professionals informed about legal developments impacting their business. Kristine is licensed to practice law in Iowa and Missouri and is a member of the Iowa Bar Association. Before joining Iowa State University, Kristine worked for a legal publishing company and as a practicing attorney. She received her J.D., Order of the Coif, from the University of Texas at Austin and her B.A. in journalism from Iowa State. She grew up on a farm in west central Iowa.