Janet Yellen: “President Biden feels that it is crucial that we have a tax system that is fair.”

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 am optimistic, because I believe that the big inflationary impulse that we saw in 2022 largely was global.

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