Janet Yellen: “Thank you for inviting me to join you today, and I would also like to thank you for your leadership of this subcommittee…”

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

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.

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.