Janet Yellen: “President-elect Biden has proposed increasing the corporate tax and making American companies that offshore jobs…”

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.

In 2023, Yellen said the decision was 'arbitrary and based on outdated data.'

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

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.