Janet Yellen: “It is essentially a theory that fits reasonably, but certainly not perfect, explaining the inflation process.”

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

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.

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

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.