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Learn moreTreasury Secretary Yellen testifies at House Ways and Means Committee hearing on administration’s FY 2025 tax proposals
Written testimony from Secretary of the Treasury
Treasury Secretary Yellen today testified before the House Ways and Means Committee on the administration’s fiscal year (FY) 2025 budget recommendations.
- Read Yellen’s written testimony
- Read the opening statement of Ways and Means Committee Chairman Jason Smith (R-MO)
Background
The Office of Management and Budget (OMB) released and transmitted to Congress the administration’s FY 2025 budget recommendations on March 11, 2024. Read TaxNewsFlash
The U.S. Treasury Department also released its General Explanations of the Administration’s Fiscal Year 2025 Revenue Proposals (the “Green Book”) on March 11, 2024. Read TaxNewsFlash
Read a KPMG report about the tax proposals in the Green Book: Analysis and observations of tax proposals in Biden Administration’s FY 2025 budget
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