Janet Yellen actually said...

The President has proposed in his most recent budget expanding the Child Tax Credit.

But what caused our cash balances to run to exceptionally low levels in the past was the failure of Congress to raise the debt limit.

President Biden has said he would oppose allowing tax cuts to expire for people making under $400,000.

The President has been very clear that no family earning less than $400,000 will face a tax hike.