It’s a figure you won’t hear from Joe Biden touting himself, but Treasury Secretary Janet Yellen has confirmed it: $4.7 trillion.
That’s the amount of new taxes Biden has proposed (over a 10-year period) in his budget.
Senator John Kennedy pried that figure out of Yellen, asking her “Isn’t it a fact that the president’s proposed budget proposes $4.7 trillion in new taxes?”
After a long pause, she replied “It does propose significant additional taxes, yes.”
“$4.7 trillion,” Kennedy followed up.