The economy has been a drag on Biden's poll numbers, but there are recent signs of improving consumer sentiment.
“Though some forecasters thought a recession last year was inevitable, President Biden and I did not,” Yellen said Thursday at the Chicago Economic Club.
Yellen also said Trump’s Tax Cuts and Jobs Act “prioritized tax cuts for corporations, disproportionately benefited top earners and did not fix the broken international tax system that encourages companies to shift jobs and profits overseas.”Political Cartoons View All 253 ImagesYellen said the tax cuts added $2 trillion to the national deficit “while doing little to spur investment."
Her visit to Wisconsin comes a day after Biden himself was visiting the state to showcase the administration's infrastructure investments.
A bipartisan agreement that would revive a variety of tax breaks for businesses and enhance the child tax credit, though not to pandemic-era levels, is moving through Congress.
Persons:
Janet Yellen, Trump, Joe Biden, Donald Trump, Biden, ” Yellen, Biden’s, Yellen, I’m, “
Organizations:
WASHINGTON, —, Biden, Chicago Economic, Fox News
Locations:
Illinois, Wisconsin, Milwaukee, Chicago