Janet Yellen: “Only Congress can determine whether it is appropriate to amend Federal law in this area.”

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.

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.

The most recent and optimistic estimate I’ve seen suggested that the average household will see on the order of $1,000 reduction in income.