Yellen to target citizens with high income to keep US economy stronger

On Thursday, Treasury Secretary Janet Yellen pledged to pursue tax increases for high earning Americans to keep US finances robust, as she gave a speech in Michigan on the Biden administration’s economic policies.

“To ensure our long-term economic stability, we must keep our public finances on sound footing,” Yellen said.

Emerging from months of inflation and recession fears, the Biden administration is taking the opportunity to celebrate what is conceived of as ae “economic victory” a couple of months before midterm elections.

At Ford Motor’s electric vehicle manufacturing facility, and surrounded by F-150 Lightning trucks, Yellen described an economy where new infrastructure investments would soon make it easier to produce and move goods around the country, bringing prosperity to places that have been left behind.