Janet Yellen

While the highest earners have seen their income grow, families at the bottom end of the distribution have seen their pay stagnate.

The Biden administration is certainly concerned about these children.

We are pursuing absolutely every avenue toward a swift and comprehensive standstill and rollback of our DSTs.

He proposes to raise rates on dividends and capital gains on the principle that it is not fair for workers to pay a larger share of their wage income than wealthy individuals pay on their rewards.

It motivates both features of the American Rescue Plan and it has also motivated many of the proposals in the President's budget.

Climate change requires economy-wide investments by industry and government.

I think it is important that Congress have oversight of all the executive branch activities and of agencies like the IRS.

I do not anticipate that it will be permanent.

This just simply has to be a very important priority.

Protecting our national security and economic security is paramount.

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 don't think there's going to be an inflationary problem, but if there is, the Fed will be counted on to address it.

The Neighborhood Homes Investment Act... fills a need that is really not addressed anywhere else, as far as I know, in our tax structure.

We would not agree to any type of carve-out that would meaningfully weaken a robust global minimum tax regime, not for China and not for other countries.

It is intended to counter foreign company profit shifting by denying deductions to firms operating in the United States.

I believe we are well on our way towards that goal.

President Biden feels that it is crucial that we have a tax system that is fair.

China is our most serious competitor, and that it poses challenges to our security and our democratic values.

This negotiation has been going on for, I believe, eight years. It stalled under the Trump administration. And so I really consider this an historic achievement.

There has been a global race to the bottom in corporate taxes, where countries compete by lowering their tax rates instead of the well-being of their citizens and natural environments.

It is really shocking and distressing to see estimates suggesting that the gap between what we`re collecting in taxes under our tax law and what we should be collecting if everybody were paying the taxes that are due, that amounts to over…

Janet Yellen wants to do this. But her ability to do it is going to be slim to none.

This demand for American products creates U.S. jobs that pay better. Studies have shown that women, in particular, could earn as much as 20 percent more in these export-based jobs.

We see them as vulnerable to sanctions. It is a place where sanctions works.

I appreciate your describing to me the problems that your State and others face