"The child credit, tax credit was expanded in the American Rescue Plan. And that was important because the pandemic especially hit low-income families very hard."
"It is important for the IRS to make sure that their tax administration is fair."
"And the decision was made at the time that the leverage ratio is not our main capital tool, but a backup capital tool that is intended to, in a crude kind of way, base capital requirements on the over..."
"There were considerations on both sides, and a decision was made to include Fed deposits."
"This administration and Secretary Yellen are not just ignoring our Committee but they are also ignoring... America's main street businesses."
"Secretary Yellen has testified a grand total of zero times before this Committee."
"Lack of communication... severely obstructs our ability to conduct oversight over critical pandemic relief programs such as PPP."
"I would be amazed if the NBER would declare this period to be a recession, even if it happens to have two quarters of negative growth."
"A recession is a broad-based contraction that affects many sectors of the economy. We just don't have that."
"Clearly, inflation is unacceptably high, it`s President Biden`s top priority to bring it down."
"I absolutely agree with the comments you made about [Free File]. It hasn't worked. We need to develop a new system."