The New Markets Tax Credit--as you mentioned, the President has proposed an additional allocation. And we think that it is an important way of channeling funds to qualified community development entities that, in turn, can make investments in low-income communities.
Yellen supports the New Markets Tax Credit for low-income community investments.
Share
More from Janet Yellen
The President has proposed in his most recent budget expanding the Child Tax Credit.
I will never forget it. I was involved in it, and we did everything we could to put together a package of measures that would stop what could have become a run on the banking system.
I am optimistic, because I believe that the big inflationary impulse that we saw in 2022 largely was global.
Other voices in this conversation
