Janet Yellen: “Anything that affects U.S. tax law must be enacted by the U.S. Congress. So, Congress plays a critical role.”

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

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.

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.

I believe that there should be a process with multiple bidders.