On the recordMarch 9, 2023
The child credit, tax credit was expanded in the American Rescue Plan. And that was important because the pandemic especially hit low-income families very hard.
Source
congress.govThe child credit, tax credit was expanded in the American Rescue Plan. And that was important because the pandemic especially hit low-income families very hard.
Yellen discusses the significance of the expanded child tax credit during the pandemic.
Share
More from Janet Yellen
I would expect inflation, on a year-over-year basis of this year, to shoot up to at least 3%, or slightly over, because of the tariffs.
We certainly have proposed extending the Child Tax Credit, which was immensely helpful, and we are supportive of the legislation that has gone through the House.
We share the objective that you have which is to rid ourselves of dependence on China.
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.