On the recordApril 29, 2024
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.
Source
congress.govHe 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.
Yellen outlines Biden's tax policy principles regarding low-income families and the wealthy.
Share
More from Janet Yellen
President Biden has made it clear he would never support cuts in benefits to those individuals.
The most recent and optimistic estimate I’ve seen suggested that the average household will see on the order of $1,000 reduction in income.
The price cap on Russian oil has significantly reduced Russian revenue over the last 10 months.