WASHINGTON – Treasury Secretary Janet Yellen’s appearance before a Senate committee on Tuesday took an unexpected and tense detour into the abortion debate when senators questioned her about the potential impact of an abortion ban on the American economy.
“I believe that taking away women’s right to make decisions about when and if they have children would have a very detrimental impact on the economy and would set women back decades,” Yellen responded to a question from Sen. Bob Menendez, DN . J. He had introduced the topic with a question about how a ban on abortion could harm women financially.
Yellen’s response drew a sharp reply from Senator Tim Scott, RS.C. after herself, who asked her, “Did you say that ending a child’s life is good for employment rates?”
“I think people can disagree on the question of whether they’re ‘pro-life’ or ‘pro-abortion’ — but putting it in the labor force participation rate feels callous to me,” he said, adding added that the conversation “seems harsh to me.”
Yellen replied, “That’s not harsh, that’s the truth.”
She went on to say that an abortion ban “deprives them of the opportunity to continue their education” and that those affected are most commonly young black women.
The Senate Committee on Banking, Housing and Urban Development’s questioning comes after a draft Supreme Court opinion leaked last week suggesting the court is ready to overturn the landmark Roe v. to discard Wade.
The hearing also touched on inflation, sanctions against Russia and rising energy costs. Yellen said the US is “focused on whatever we can do to bring inflation down.”
The subject of abortion came up several times. Sen. Steve Daines, R-Mont., said he disagreed with Yellen’s perspective and offered his own economic analysis.
“I see low birth rates and an aging population,” he said, arguing that abortion has negative economic impacts.
A number of economic analyzes indicate that restrictions on access to abortion can have financial and other negative effects on people.
Sarah Miller, a researcher at the University of Michigan, along with two others, co-wrote a paper on the impact of abortion restrictions. The trio analyzed data from women who requested abortions at 30 clinics in 21 states but were turned down because they exceeded the clinics’ pregnancy limit. Two-thirds eventually gave birth to a child.
“As we show in our paper,” Miller said, an abortion ban will have “rather serious economic consequences for women to keep their heads above water,” adding that “there could be physical and mental health implications as well.” .
Committee Chairman Sherrod Brown, D-Ohio, concluded that if Roe v. Wade, every woman’s decision to determine her reproductive future and health would be “turned over to politicians.”
“It shouldn’t be handed to me, it shouldn’t be handed to Secretary Yellen, and it shouldn’t be handed to Mitch McConnell,” he said, referring to the Republican Senate leader.
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https://www.local10.com/news/politics/2022/05/10/yellen-trip-to-capitol-detours-into-tense-abortion-debate/ Yellen’s trip to the Capitol leads to a detour into a tense abortion debate