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
@ISIDEWITH2wks2W
How would you feel if you knew your favorite products might get more expensive due to higher taxes on corporations?
@9M3GQ4J2wks2W
I would be a little upset because the prices should remain relatively the same but it should cost the company some profit.
That's an issue I take with the corporations for not being willing to cut any of their profit margin and instead pass higher taxes onto the consumer. It's a tough situation that I'm not smart enough to come up with a solution for, but in the end I blame human greed.
@9M24LVK2wks2W
I would feel sad because the minimum wage isn't raising
@9M24HKC2wks2W
I would be sad because i can't afford them to begin with.
@ISIDEWITH2wks2W
Do you believe it's fair for wealthy individuals and large corporations to pay more taxes than the average citizen?
@9M3GQ4J2wks2W
I think it is fair because they have the capabilities to pay the taxes
@9M238PH2wks2W
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.
@9M2373W2wks2W
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.
@9M236MM2wks2W
Yes, they deserve to while the average U.S. citizen already pays too much.
@ISIDEWITH2wks2W
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?
@9LZYVLF2wks2W
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.
@ISIDEWITH2wks2W
Yellen defends global corporate minimum tax deal amid Republican criticism
https://yahoo.com/news/yellen-us-negotiating-r-d
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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