Sen. John Kennedy (R-LA) asked Yellen whether it was true that Joe Biden’s budget proposes $4.7 trillion in new taxes.
Yellen looked embarrassed — as she should be — and Kennedy had to push her a little to answer, but she acknowledges yes, it was something like that number. Anyone who thinks they intend to get this amount in taxes just by going after the folks over $400,000 hasn’t been paying attention.
Read more: WATCH: Sen. Kennedy Wrecks Janet Yellen, WH During Grilling on US Economy
