The Impact of President Biden’s Fiscal Year 2023 Budget Proposal on Private Forest Landowners
President Biden recently released his $5.8 trillion fiscal year 2023 (FY23) budget proposal, which he plans to fund through tax hikes that may impact private forest landowners. The budget proposal relies heavily on an annual 20% tax on taxpayers with income and assets exceeding $100 million. While the tax is being dubbed as a “billionaires…