Janet Yellen: “This has never been tried. It has been rejected by all past Treasury secretaries.”

In 2023, Yellen said the decision was 'arbitrary and based on outdated data.'

There will be a negotiation over what to do when these tax cuts expire.

The tax cuts passed by Donald Trump and Congressional Republicans... was responsible for many of the problems that we face now with our fiscal trajectory.

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.