Your browser is out of date.

Biden’s Fiscal Year 2024 Budget Proposals


Individuals 04.17.2023 2 MIN

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.

Advisory services offered by The Ayco Company, L.P. d/b/a Goldman Sachs Ayco Personal Financial Management (“Ayco Personal Financial Management” or “Ayco”), a registered investment advisor and an affiliate of Goldman Sachs & Co. LLC (“GS&Co.”) and subsidiary of The Goldman Sachs Group, Inc., a worldwide, full-service investment banking, broker-dealer, asset management, and financial services organization. Brokerage services are offered through GS&Co. and Mercer Allied Company, L.P. (a limited purpose broker-dealer), both affiliates of Ayco and members FINRA/SIPC.

You are receiving this email because your company offers you services provided by The Ayco Company, L.P. d/b/a Goldman Sachs Ayco Personal Financial Management (“Ayco”).

No part of this material may be (i) copied, photocopied or duplicated in any form, by any means, or (ii) distributed to any person that is not an employee, officer, director, or authorized agent of the recipient, without Goldman Sachs’ prior written consent. This does not constitute an offer or solicitation with respect to the purchase or sale of any security in any jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it would be unlawful to make such offer or solicitation. This material is a solicitation of derivatives business generally, only for the purposes of, and to the extent it would otherwise be subject to, §§ 1.71 and 23.605 of the U.S. Commodity Exchange Act.

This message may contain information that is confidential or privileged. If you are not the intended recipient, please advise the sender immediately and delete this message and any attachments. Follow this link for further information on confidentiality and the risks inherent in electronic communication: www.gs.com/disclaimer/email. No part of this material may be i) copied, photocopied or duplicated in any form, by any means, or ii) redistributed without Ayco’s prior consent.

Your personal data: We may collect and process information about you that may be subject to data protection laws. For more information about how we use and disclose your personal data, how we protect your information, our legal basis to use your information, your rights and who you can contact, please refer to our Privacy Policy and Privacy Notice.

Neither Goldman Sachs & Co. LLC nor Ayco provide legal advice to their clients, and all clients should consult with their own legal advisor regarding any potential strategy, investment, financial plan, estate plan or with respect to their interest in any employee benefit or retirement plan.

Neither Ayco or Goldman Sachs & Co. LLC provide accounting or tax advice to its clients, unless explicitly agreed between the client and Ayco or Goldman Sachs & Co. LLC. Certain tax matters may require you to consult with your tax counsel. You should consult with your tax preparer regarding implementation of tax advice. All clients should be aware that tax treatment is subject to change by law, in the future or retroactively, and clients should consult with their tax advisors regarding any potential strategy, investment or transaction. Any advice contained in the communication including attachments and enclosures is intended for the sole use of the addressee and is limited to the facts and circumstances actually known to the author at the time of this writing.

Under certain of Ayco's financial counseling programs, Ayco may recommend securities or investment products, including those offered by its affiliates. This could lead to conflicts of interest of which you should be aware. More information regarding Ayco's business practices and conflicts is set forth in Ayco's Form ADV brochure, which is available upon request.

This material is for informational and educational purposes only and is provided solely on the basis that it will not constitute investment or other advice or a recommendation relating to any person's or plan's investment or other decisions, and Ayco is not a fiduciary or advisor with respect to any person or plan by reason of providing the material or content herein including under the Employee Retirement Income Security Act of 1974, the Internal Revenue Code or Department of Labor Regulations. Unless Ayco otherwise agrees in writing to act as a fiduciary to your retirement account, you understand that: i) all investment decisions concerning your retirement accounts are made by you, without any advice or recommendations from Ayco, and ii) any target allocation shown for your retirement account represents decisions you have communicated to Ayco regarding such asset allocation, without any advice or recommendations from Ayco, after considering your financial circumstances, objectives, risk tolerance and goals.

Ayco360 is a comprehensive financial planning tool offered by The Ayco Company, L.P. and powered in part by eMoney Advisor, LLC.

Any link to an Internet site sponsored and maintained by a third party is provided solely as a convenience to you, and does not constitute an endorsement, authorization, sponsorship, or affiliation by Goldman Sachs or Ayco. Neither Ayco nor Goldman Sachs has reviewed or tested any information, software, or products found on the site, and therefore makes no representations regarding the content or sponsors of the site or the suitability or appropriateness of the products or transactions described therein.

This email was sent by: The Ayco Company, L.P. d/b/a Goldman Sachs Ayco Personal Financial Management  |  100 Coliseum Drive  |  Cohoes, NY 12047  |  United States

© 2023 The Ayco Company, L.P. d/b/a Goldman Sachs Ayco Personal Financial Management. All Rights Reserved.