Janet Yellen
The Public Record
Janet Louise Yellen is an American economist currently serving as the 78th United States Secretary of the Treasury, a position she has held since January 26, 2021. She is a member of the Democratic Party and has a distinguished career in economic policy and public service. Yellen previously served as the Chair of the Federal Reserve from 2014 to 2018, becoming the first woman to hold that role. During her tenure at the Federal Reserve, she focused on issues such as unemployment and inflation, advocating for policies aimed at economic recovery following the 2008 financial crisis.
It motivates both features of the American Rescue Plan and it has also motivated many of the proposals in the President's budget.
The Neighborhood Homes Investment Act... fills a need that is really not addressed anywhere else, as far as I know, in our tax structure.
While the highest earners have seen their income grow, families at the bottom end of the distribution have seen their pay stagnate.
The New Markets Tax Credit--as you mentioned, the President has proposed an additional allocation. And we think that it is an important way of channeling funds to qualified community development entities that, in turn, can make investments…
I believe the entire EU will, in the end, go along with higher minimum taxes.
China is our most serious competitor, and that it poses challenges to our security and our democratic values.
The President has pledged that no taxpayer earning under $400,000 will see their taxes raised by as much as a penny.
I think putting this Child Tax Credit in place really is an important step, and we are proposing to continue it.
But we have to be clear-eyed about something: the pandemic was not our only economic problem.





