Secretary Janet YellenVarmennettu tili

@SecYellen

78th Secretary of the Treasury. Former Fed Chair. Always an economist.

Liittynyt marraskuu 2020

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  1. Any one of the proposals contained in this framework would be a remarkable achievement, but together, they represent something truly historic: a new period of investment in economic growth for all Americans across the country. My statement on the Build Back Better framework:

    Any one of the proposals contained in this framework – childcare, climate change investments, universal pre-K – would be a remarkable achievement, but together, they represent something truly historic: a new period of investment in economic growth for all Americans across the country. 
 
This package, alongside the infrastructure package, will change the shape of the American economy for the better and the way people experience it every day. Among many other things, these policies will lower household costs for healthcare and childcare, increase labor force participation and lift the upper limit on how productive and prosperous our economy can be. They will also let parents connect through faster broadband, find higher-paying jobs, and drive on good roads to get to them.
 
The measures announced today also make our tax system fairer and level the playing field for workers and small business. By increasing tax enforcement, we will begin to close the multi-trillion dollar tax gap that...
    Kumoa
  2. 27. lokak.

    More new research out showing families are spending their Child Tax Credit payments on school costs and child care. This monthly tax relief is helping working families and should be extended by Congress.

    Kumoa
  3. 25. lokak.

    I’ve appointed Janis Bowdler to serve as Treasury's first Counselor for Racial Equity, charged with coordinating Treasury's efforts to advance racial equity, including identifying & mitigating barriers to accessing benefits & opportunities with the Dept.

    Kumoa
  4. 21. lokak.

    Climate change is an emerging and increasing threat to America’s financial system that requires action. FSOC’s report and recommendations represent an important first step towards making our financial system more resilient to the threat of climate change.

    Kumoa
  5. 19. lokak.

    Today’s Congressional tax compliance proposal reflects the Administration’s strong belief that we should zero in on those at the top of the income scale who don’t pay the taxes they owe, while protecting American workers who do. My full statement on the tax compliance proposal:

    I deeply appreciate Chairman Wyden and Chairman Neal’s leadership on reconciliation and in particular, on the need to close the tax gap. Under the current system, American workers pay virtually all their tax bills while many top earners avoid paying billions in the taxes they owe by exploiting the system. At the core of the problem is a discrepancy in the ways types of income are reported to the IRS: opaque income sources frequently avoid scrutiny while wages and federal benefits are typically subject to nearly full compliance. This two-tiered tax system is unfair and deprives the country of resources to fund core priorities.

Today’s new proposal reflects the Administration’s strong belief that we should zero in on those at the top of the income scale who don’t pay the taxes they owe, while protecting American workers by setting the bank account threshold at $10,000 and providing an exemption for wage earners like teachers and firefighters. We will continue to work with leaders in...
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  6. uudelleentwiittasi
    15. lokak.

    This week, attended the Annual Meetings of & as well as G7 & G20 Meetings of Finance Ministers & Central Bank Governors. Economic resilience, equitable recovery, global health, climate change, & other critical issues were central to the discussions.

    Kumoa
  7. 15. lokak.

    It’s been a week of many productive meetings with valuable international partners as we address critical issues like international taxation, global health, inclusive recovery, & fighting climate change. Great to connect with counterparts at & meetings.

    Kumoa
  8. 14. lokak.

    We indeed face tough global challenges ahead, and the best way forward is working together. Here’s my statement on the need to intensify efforts to address the global pandemic, inequality, and climate change.

    Kumoa
  9. uudelleentwiittasi
    12. lokak.

    “We're no longer anywhere near the top in terms of women's labor force participation. And when you look at what might be driving that, an important element is childcare, paid leave,” Treasury tells on the impact the pandemic has had on women.

    Kumoa
  10. 8. lokak.

    Today’s agreement represents a once-in-a-generation accomplishment for economic diplomacy. We’ve turned tireless negotiations into decades of increased prosperity – for both America and the world. My statement on the OECD Inclusive Framework Announcement:

    Kumoa
  11. 6. lokak.

    The urgency of the debt limit situation demands immediate attention. Glad to join and business leaders today to discuss the importance of addressing the debt limit quickly to protect America’s full faith and credit, businesses, and families.

    A stage with President Biden and Secretary Yellen on the left, two people on the right, and a screen with virtual attendees in the center. The screen says “Roundtable with Business Leaders | Build Back Better”
    Kumoa
  12. 5. lokak.

    It’s true— Looking back, I'm not sure whether I would be in my job today if I didn't have an excellent babysitter 40 years ago. We need to be sure everybody in this country can access quality childcare.

    Kumoa
  13. 5. lokak.

    The consequences for families and businesses would be equally as severe – including for 50 million seniors who receive Social Security, 30 million families who receive the Child Tax Credit and servicemembers who expect their paycheck on time.

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  14. 5. lokak.

    Members of both parties must come together immediately to protect families and small businesses from catastrophic consequences. These include the likely onset of a recession, millions of lost jobs, a weaker dollar, and persistently higher interest rates.

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  15. 5. lokak.

    As we’ve seen in the past, even delaying action can cause serious harm to businesses and consumer confidence, raise borrowing costs, disrupt financial markets, and cause a downgrade of the U.S. credit rating. There is no valid reason to permit such an outcome.

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  16. 5. lokak.

    America has always been a nation that pays its bills on time. It is essential that Congress act quickly to address the debt limit to ensure that remains the case. Congress cannot wait until the last minute.

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    Kumoa
  17. 28. syysk.

    We have no time to waste. There is no better time than today to act boldly to ensure a more prosperous and sustainable future for Americans. I spoke to about the path to building back better today:

    Kumoa
  18. 16. syysk.

    A rebound of this scale & speed was never guaranteed to happen. While there’s still more work to do to ensure an equitable and strong recovery over the long-term, it’s clear six months in that ’s American Rescue Plan is working.

    Kumoa
  19. 15. syysk.

    It’s past time that we treat child care as what it is – an element whose contribution to economic growth is as essential as infrastructure or energy. My statement from today’s Access to Child Care event with

    Kumoa
  20. 15. syysk.
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