Secretary Janet Yellen: Build Back Better Will ‘Actually Reduce Annual Deficits over Time’

EXCERPT:

YELLEN: “The second action involves the Build Back Better legislation. I applaud the House for passing the bill, and I’m hopeful that the Senate will soon follow. Build Back Better is the right economic decision for many reasons. It will, for example, in the childcare crisis in this country, letting parents return to work. These investments, we expect, will lead to a GDP increase over the long term without increasing the national debt or deficit by a dollar. In fact, the offsets in these bills mean they actually reduce annual deficits over time.”