Yellen Defends Biden on Tax Cuts in Face of Republican Attack
- GOP lawmakers react to Biden quip on letting tax cuts expire
- Yellen repeatedly emphasizes pledge to keep some reductions
Janet Yellen arrives for a House Ways and Means Committee hearing in Washington on April 30.
Photographer: Tierney L. Cross/BloombergThis article is for subscribers only.
Treasury Secretary Janet Yellen came under fire from Republican lawmakers Tuesday over a quip from President Joe Biden about letting tax cuts enacted by predecessor Donald Trump expire.
Yellen repeatedly emphasized that the adminstration’s principles on tax policy had not changed, and that Biden supports retaining tax reductions for families earning less than $400,000.