Janet Yellen: “We need to preserve these programs, and certainly preserve the benefits, especially for lower-income Americans who…”

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

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

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.