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Biden’s Fiscal Year 2024 Budget Proposals

By Goldman Sachs Ayco Personal Financial Management

On March 9, President Biden released his proposed budget for Fiscal Year 2024, which begins October 1, 2023, and ends September 30, 2024. Based on the agenda presented at the State of the Union, it focuses on:

  • Reducing costs for families
  • Protecting Social Security and Medicare
  • Investing in workers and the workplace
  • Cutting energy bills and addressing climate issues
  • Expanding healthcare access
  • Investing in local, national and global security
  • Tax changes to help raise revenue for these priorities

Check out key highlights from the Goldman Sachs Ayco Tax Policy & Research Group and Goldman Sachs Family Office on the proposed budget for more.

Goldman Sachs will continue to monitor the proposals and provide updates to our clients as additional details become available. Reach out to your Goldman Sachs representative or contact us if you’re interested in becoming a client.


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ABOUT THE AUTHOR

Goldman Sachs Ayco Personal Financial Management

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United Capital Financial Advisers, LLC d/b/a Goldman Sachs Personal Financial Management (“GS PFM”) is a registered investment adviser and an affiliate of Goldman Sachs & Co. LLC and subsidiary of The Goldman Sachs Group, Inc., a worldwide, full-service investment banking, broker-dealer, asset management, and financial services organization.

The information contained herein is intended for informational purposes only, is not a recommendation to buy or sell any securities, and should not be considered investment advice. GS PFM does not provide legal, tax, or accounting advice. Clients should obtain their own independent legal, tax, or accounting advice based on their particular circumstances. Please contact your financial adviser with questions about your specific needs and circumstances.

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