Yellen says strong demand from Americans to boost cost of clean …

Jan 10, 2024 · U.S. Treasury Secretary Janet Yellen said on Wednesday that Inflation Reduction Act tax credits will cost more than initially estimated, citing strong demand for clean energy …

CouponFollow Extension

FAQs about Yellen says strong demand from Americans to boost cost of clean … Coupon?

Why are Yellen's tax credits so expensive?

For too many families, prices for goods that matter - such as groceries, rents, and prescription drugs - are high," Yellen said. U.S. Treasury Secretary Janet Yellen said on Wednesday that Inflation Reduction Act tax credits will cost more than initially estimated, citing strong demand for clean energy investments. ...

Does Yellen think the cost has risen?

"I don't have the number for you at the moment, but I wouldn't disagree with the cost has risen," Yellen told reporters at Roxbury Community College. "But importantly, what that reflects is the effectiveness, the tremendous response rate that we're seeing from the private sector from cities and states to these incentives." ...

What did Yellen say about the cost of living?

But Yellen, a former Fed chair, struck an empathetic tone about the pressures facing Americans, while pointing to the administration’s efforts to reduce costs, such as by eliminating “junk fees” that surreptitiously add extra charges on US consumers. “The cost of living is a problem to a lot of people,” Yellen said in Stresa, Italy. ...

Did Yellen make a sales pitch for tax credits?

Yellen, on a visit to a Boston community college to make a sales pitch for Inflation Reduction Act tax credits, said Biden administration policies have left Americans wealthier than they were before the COVID-19 pandemic despite inflation, adding that the median-income family can afford the same basket of goods as in 2019 with $1,000 to spare. ...

What did Yellen say about health care costs?

Yellen went on to discuss the administration's efforts to lower health care costs, saying "we're pursuing wide-ranging efforts to give families more breathing room" and noting the inclusion of proposed tax cuts for middle- and low-income workers in President Biden's budget . ...

Did Yellen's oil release help reduce oil prices?

(Alex Wong/Getty Images / Getty Images) Yellen touted the Biden administration's release of 180 million barrels of oil from the Strategic Petroleum Reserve (SPR), which left SPR crude oil inventories near four-decade lows, helping contribute to price reductions for consumers. ...