He will oppose any tax increases on families earning under $400,000 at the same time that he will oppose keeping in place benefits that went to the wealthy.

President Biden has said he would oppose allowing tax cuts to expire for people making under $400,000.

I would certainly call a success.

He has explicitly said that he will not agree to raise taxes for people making under $400,000.

President Biden has made it clear he would never support cuts in benefits to those individuals.

How is it that our corporations, our multi-nationals would remain competitive if they pay a rate on their foreign profits that is higher than 15 percent?

The Biden Administration has driven an historic economic recovery over the past three years.

There will be a negotiation over what to do when these tax cuts expire.

I do have concern about where we are going unless we undertake some significant steps to reduce the budget deficit.

We need to enact policies to make sure that the debt stays sustainable and we are on a fiscally sustainable path.

The President has proposed in his most recent budget expanding the Child Tax Credit.

In 2034, under our budget, I believe it would be around 45 trillion.

We will respond to the letter, and I don't really have more to say about that.

But what caused our cash balances to run to exceptionally low levels in the past was the failure of Congress to raise the debt limit.

The President has been very clear that no family earning less than $400,000 will face a tax hike.

The President supports no tax increases on families making under $400,000.

President Biden has made absolutely clear that he opposes increasing taxes on people earning less than $400,000.

I think it is appropriate to do that.