Build Back Better Act: Framework and Paths Forward

What’s inside the $3.5 trillion infrastructure and social package and Congress’ task of passing it in 2021 is explained.

The Build Back Better Act is an ambitious plan proposed by President Biden to update infrastructure, create clean-energy jobs, and fund housing, education, and economic fairness programs. To offset spending for this $3.5 trillion package, numerous tax hikes are being proposed. Government Relations specialist Susan Olson, VP at Natixis Investment Managers, explains the framework and potential tax implications for:

  • Corporate tax rate
  • Top marginal individual tax rate
  • Surtax on taxpayer’s income in excess of $5 million a year
  • Capital gains rate
  • Estate tax exemptions

This material is provided for informational purposes only and should not be construed as investment advice. There can be no assurance that developments will transpire as forecasted. Actual results may vary. The views and opinions expressed may change based on market and other conditions. Natixis Investment Managers does not provide tax or legal advice. Please consult with a tax or legal professional prior to making any investment decisions.