Yellen Says Extending Trump's First-Term US Tax Cuts Could Undermine Economy

NAMPA / Sputnik

2025-01-15

WASHINGTON, January 15 (Sputnik) – Extending the first Trump administration's tax cuts beyond 2025 could undermine the US economy and exacerbate unsustainable deficits, outgoing US Treasury Secretary Janet Yellen said on Wednesday. "The Congressional Budget Office estimates that extending the provisions of the Tax Cuts and Jobs Act that are scheduled to sunset next year would add around $4 trillion to deficits through 2034. And new Treasury analy......

Restricted content

Latest NAMPA photos

SWAKOPMUND, 15 January 2025 - Swakopmund Circuit Inspector Chris Eixab. (Photo by: Isabel Bento) NAMPA

NAMPA

NKURENKURU, 01 November 2024 - A women is examined at the Osaat clinic in Bunya village in the Kavango West Region. (Photo: Contributed)

NAMPA

WINDHOEK, 14 January 2025 - Peter Deselaers, the Deutsche Welle Akademie programme director for Namibia and southern Africa,Peter Deselears. (Photo by: Andreas Thomas) NAMPA

NAMPA

WINDHOEK, 14 January 2025 - Namibia Development Trust Executive Director Ronny Dempers. (Photo by: Andreas Thomas) NAMPA

NAMPA

WINDHOEK, 14 January 2025 - Top performing learner on NSSCO level from Rukonga Vision School in the Kavango East Region, Jolisa Garises. (Photo by: Linea Dishena) NAMPA

NAMPA

WINDHOEK, 14 January 2025 - Top performer in the 2024 NSSCAS level exams from Onawa Secondary School in Omusati Region, Hofni Angula. (Photo by: Linea Dishena) NAMPA

NAMPA

WINDHOEK, 14 January 2025 - NSFAF Chief Executive Officer Kennedy Kandume, NSFAF Chairperson Stephen Tjiuro and Higher Education Deputy Minister, Nathalia /Goagoses. (Photo by Eba Kandovazu) NAMPA

NAMPA

WINDHOEK, 14 January 2025 - Executive Director of the Ministry of Education, Arts and Culture, Sanet Steenkamp speaking at the official announcement of the 2024 national examination results. (Photo by: Linea Dishena) NAMPA

NAMPA