Janet Yellen: “The IRS is doing a terrific job in implementing the Child Tax Credit program.”

President Biden has made it clear he would never support cuts in benefits to those individuals.

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.

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.