Tax and labor sections in Biden’s ’24 Budget; Amazon hearing; FTC non-compete comment period; NAW letter of opposition to Biden Labor Secretary nominee

The White House released President Joe Biden’s Fiscal Year 2024 Budget proposal last week.

While there are a number of concerning tax increases that would impact the wholesale distribution industry, the budget is dead on arrival in the Republican controlled House of Representatives and the one-vote Senate Democrat majority. Instead, like all Presidential budgets, it is largely an aspirational messaging document that provides information on the White House’s policy priorities, provides clues on what Biden and other Democrats will campaign on in 2024, and serves as a basis for legislative proposals that will be pushed the next time Democrats control the White House and both chambers of Congress.

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