Treasury Secretary Janet Yellen has been actively defending President Joe Biden's economic agenda, amidst growing skepticism and criticism from various quarters. During her visit to Arizona, Yellen aimed to bolster support for Biden's policies, highlighting the administration's efforts to navigate the country through challenging economic times. This visit is particularly significant as it comes at a time when polling indicates that some Americans are questioning Biden's leadership on crucial economic issues, casting doubts over the administration's ability to deliver on its promises.
Yellen's defense of the administration's policies extends to the global stage, where she has been a staunch advocate for a global corporate minimum tax deal. Despite facing opposition from Republican lawmakers, who argue that the deal could lead to a loss of U.S. revenues, Yellen has maintained that the agreement is in the country's best interest. She has emphasized the importance of this deal in ensuring that corporations pay their fair share of taxes, thereby preventing a 'race to the bottom' in corporate taxation that could undermine economic fairness and stability.
The Treasury Secretary also found herself defending Biden's stance on tax cuts, particularly in the face of attacks from Republicans over Biden's comments on letting tax cuts enacted by his predecessor, Donald Trump, expire. Yellen's responses to these criticisms have been part of a broader effort to clarify the administration's economic policies and to argue… Read more
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@ISIDEWITH2yrs2Y
How would you feel if you knew your favorite products might get more expensive due to higher taxes on corporations?
@9M236SK2yrs2Y
I think its fair the rich need to be taxed at a higher rate then we do since they bring in
@9M2CZ3R2yrs2Y
I think that everybody should be taxed equally and people shouldn't be punished for being succesful.
@9M2BLJ8Republican2yrs2Y
Why would someone who worked hard for their money be taxed more than the drug addicts and weed smokers who want nothing to do with hard work.
@9M27XZH2yrs2Y
Taxes need to be balanced to according to every person's income, a uber wealthy person shouldn't get taxed less than a teacher or nurse.
@9M23GKFRepublican2yrs2Y
I would not like it at all and probably not buy the item for as much as they want me to
@9M3F47Z2yrs2Y
If the tax structure gets properly amended along with wages reflecting proper adjustment, an increase in the price of some of my favorite products would be bearable.
@9M3GQ4J2yrs2Y
I would be a little upset because the prices should remain relatively the same but it should cost the company some profit.
I would feel mad because i liked that and i wouldn’t want it to get more expensive.
@ISIDEWITH2yrs2Y
Do you believe it's fair for wealthy individuals and large corporations to pay more taxes than the average citizen?
@9M3GQ4J2yrs2Y
I think it is fair because they have the capabilities to pay the taxes
@9M234D62yrs2Y
The tax bill is initiated in the House of Representatives and referred to the Ways and Means Committee. When members of this committee reach agreement about the legislation, they write a proposed law.
@9M238PH2yrs2Y
Yes because they have more money then the working class so they should have to pay more so the working class can keep there money and save up and help them make millions.
@9M2373W2yrs2Y
Yes, large corporations and wealthy individuals make so much money they don't even know what to do with it while so many Americans live in poverty just trying to put food on the table, the amount they make is greedy and they need to be taxed to a MUCH higher degree.
@ISIDEWITH2yrs2Y
Imagine if the economic policy changes lead to more job opportunities but also increase government debt; do you think it's worth the trade-off?
@9LZYVLF2yrs2Y
50 50. mostly good and bad as it will put more strain on the government
It's refreshing to see someone like Yellen standing firm on progressive economic policies that aim to make corporations pay their fair share, despite the predictable pushback.
@ISIDEWITH2yrs2Y
Yellen defends global corporate minimum tax deal amid Republican criticism
Treasury Secretary Janet Yellen on Tuesday defended a global corporate tax deal against Republicans' accusations that it would siphon away U.S. revenues and said she was working to carve out an allowance for the U.
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