House Ways and Means Hearing with Treasury Secretary Yellen

On Tuesday, April 30, the House Ways and Means Committee held a hearing titled, “Hearing with Treasury Secretary Janet Yellen.” During the hearing, the witness and Members discussed: taxes, including the Child Tax Credit (CTC) and Earned Income Tax Credit (EITC), the Low Income Housing Tax Credit (LIHTC), the New Market Tax Credit (NMTC), Research and Development (R&D), 199A, and the Tax Cuts and Jobs Act (TCJA); Organisation Economic Co-operation and Development (OECD); foreign adversaries; Inflation Reduction Act (IRA); energy; U.S. economy, including the federal deficit; the U.S. Department of Treasury, including Direct File and artificial intelligence (AI); Social Security; critical minerals; Basel III Endgame proposal; privacy; and digital trade.

Download our summary memo here.