Treasury Department Fiscal Year 2023 Budget Request
2022-06-10T11:14:57-04:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvMGY5XC8yMDIyMDYwODEwMDEyNzAxMF9oZC5qcGciLCJlZGl0cyI6eyJyZXNpemUiOnsiZml0IjoiY292ZXIiLCJoZWlnaHQiOjUwNn19fQ==Treasury Secretary Janet Yellen testified at a House Ways and Means Committee hearing on her department’s fiscal year 2023 budget request. The topic of high inflation dominated questioning amid recent news of Secretary Yellen saying that she underestimated how long inflation would last. Republican members said that Biden administration policies, such as the American Rescue Plan, exacerbated high prices. Secretary Yellen defended these policies, claiming that actions like increasing the child tax credit helped Americans recover from the COVID-19 pandemic. She added that inflation is a global problem and blamed the supply chain, the aftermath of the pandemic, and Russia’s invasion of Ukraine as significant factors. Other related topics included the Biden administration’s plans for taxing unrealized capital gains and multinational corporations, as well as reevaluating tariffs on China.
Treasury Secretary Janet Yellen testified at a House Ways and Means Committee hearing on her department’s fiscal year 2023 budget request. T… read more
Treasury Secretary Janet Yellen testified at a House Ways and Means Committee hearing on her department’s fiscal year 2023 budget request. The topic of high inflation dominated questioning amid recent news of Secretary Yellen saying that she underestimated how long inflation would last. Republican members said that Biden administration policies, such as the American Rescue Plan, exacerbated high prices. Secretary Yellen defended these policies, claiming that actions like increasing the child tax credit helped Americans recover from the COVID-19 pandemic. She added that inflation is a global problem and blamed the supply chain, the aftermath of the pandemic, and Russia’s invasion of Ukraine as significant factors. Other related topics included the Biden administration’s plans for taxing unrealized capital gains and multinational corporations, as well as reevaluating tariffs on China. close
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