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Treasury Department Fiscal Year 2023 Budget. Tax Policy Update. - Pat Soldano

Treasury Secretary Janet Yellen testified before the Senate Finance Committee and the House Ways and Means Committee this week to discuss the Biden administration’s fiscal year 2023 budget proposal for the Treasury Department.

She appeared first before the Senate Finance Committee, testifying on Tuesday, June 7 at a hearing entitled “The President’s Fiscal Year 2023 Budget .”

The discussion focused on risks posed by inflation, controlling the rise in food and energy prices, a potential international tax agreement and reforming tax legislation to better support low- and middle-income families. Click here  for a full readout of the Senate Finance Committee hearing.

She appeared before the House Ways and Means Committee on Wednesday, June 8 at a hearing entitled “Proposed Fiscal Year 2023 Budget with Treasury Secretary Janet Yellen .” During this hearing, the discussion focused on the potential international tax agreement, mitigating the impacts of rising food and energy prices, controlling inflationary pressures and the tax reforms included in the president’s budget request. Click here  for a full readout of the House Ways and Means Committee hearing.

Our thanks to Brownstein Hyatt Farber Schreck for this report.  Click here to read more.


Family Enterprise USA advocates for American Family business. We help family businesses communicate their challenges and contributions to American economic freedom to Legislators. We represent all American family businesses; not just specific industries and provide research to enhance the opportunity for success. We help family businesses continue to establish their unique business legacy. Family Enterprise USA is a 501(c)(3) non-profit organization.. Family foundations can donate.


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Family Enterprise USA is the organization that represents all family businesses on a national level in DC; it is not unique to any industry. Family Enterprise USA is different from other organizations because it represents and advocates for the families of family businesses and the issues, they face running their businesses every day. Our sole mission and purpose is to promote family businesses and their job growth in America. We also support the work of Family Business Centers across the country. We hope your family will choose to be a member of Family Enterprise USA.