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Yellen and Republicans Spar Over Tax Cuts
News April 30, 2024 at 05:03 PM
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What You Need To Know
- The Treasury chief says Biden wants revenue-raising measures to cover cuts in place for those earning under $400,000.
- The administration has also proposed raising revenue through new taxes on people with $100 million-plus in wealth.
- Republicans say boosting taxes on the wealthy and corporations will sap revenues by acting as a drag on economic growth.
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