Biden Administration Tax Legislation

Democrats' control of the White House and narrow control of Congress give them an opportunity to pass significant tax legislation. It didn't happen in 2021. With midterm elections looming, what will happen in 2022?

You'll find resources on this page to help you follow the direction of tax developments in Washington and stay informed about potentially significant changes to the U.S. tax landscape.

"Inflation Reduction Act" Tax Law Changes

KPMG analysis and observations on law signed by President Biden on August 16

KPMG analysis and observations on law signed by President Biden on August 16

KPMG Destination Country X podcast

Corporate AMT explored further in "A Min Tax by Any Other Name"

Corporate AMT explored further in "A Min Tax by Any Other Name"

The Biden Tax Plan in a Post-IRA World: What Now?

Components of the Biden tax plan included in the Inflation Reduction Act

Components of the Biden tax plan included in the Inflation Reduction Act

Podcasts & webcasts

KPMG TaxWatch and other related webcasts

Upcoming and on-demand events

KPMG TaxRadio podcasts

Past reports & articles

More insights on Biden administration tax legislation

Green Book: Observations & Insights

On May 28, 2021, the Biden Administration transmitted to Congress its budget recommendations for fiscal year 2022, and the U.S. Treasury Department released the “Green Book”—a 114-page explanation of the tax proposals in the budget. The Green Book outlines the Administration’s proposals in greater detail than seen before, including information on effective dates, revenue estimates, and design choices.