On the recordJanuary 18, 2021
China is America's most serious economic competitor.
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congress.govChina is America's most serious economic competitor.
Yellen emphasizes China's role as a major economic threat to the U.S.
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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.
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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.
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.