“I don’t think these investments will drive up inflation at all,” SecYellen says. “First of all, they’re fully paid for — and not by imposing taxes on anyone earning less than $400,000.'
from Rome where Group of 20 leaders are gathering for their first in-person summit since the Covid pandemic.
"The raisers we have, though, are appropriate, fair. While there isn't mark-to-market billionaires' tax, I think it's been agreed that individuals earning high incomes ... will pay a surtax on their income tax rates," Yellen said. "That hits really high income individuals."questionsYellen, former Federal Reserve chair, is accompanying Biden on his overseas trip at the G20 summit and the United Nations climate change conference in Glasgow, Scotland.
At the G20, Yellen will be taking a victory lap on the global minimum corperate tax, which all member nations agree to. The deal was negotiated among more than 130 countries. Biden had hoped that rallying Democrats behind the framework for his spending priorities would be enough to push a separate bipartisan infrastructure bill, which already passed in the Senate, across the finish line in the House. However, the House on Thursday
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