Reported 8 months ago
Treasury Secretary Janet Yellen discussed the potential impact of a second Trump administration on the US economy, highlighting concerns over the Tax Cut and Jobs Act. Yellen pointed out that the policy, which aimed to stimulate investment, instead led to increased deficits and reduced tax revenues due to massive tax breaks for corporations and wealthy individuals. She believes these repercussions are contributing to current fiscal challenges and expressed apprehensions about maintaining the policy moving forward.
Source: YAHOO