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Secretary Yellen to Sen. Brown: Inflation 'Has Utterly Nothing to Do With the Child Tax Credit'
June 09, 2022
WASHINGTON, June 9 -- Sen. Sherrod Brown, D-Ohio, issued the following news release on June 8, 2022:

Yesterday, U.S. Secretary of the Treasury Janet Yellen told U.S. Senator Sherrod Brown (D-OH) that the expansion of the Child Tax Credit was "not a significant factor" and has "utterly nothing to do" with inflation - dispelling recent criticism that the expanded CTC helped fuel it. The exchange came during a Senate Finance hearing on the President's FY23 budg . . .

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