It is really shocking and distressing to see estimates suggesting that the gap between what we`re collecting in taxes under our tax law and what we should be collecting if everybody were paying the taxes that are due, that amounts to over $7 trillion over a decade.
Janet Yellen: “It is really shocking and distressing to see estimates suggesting that the gap between what we`re collecting in taxes…”
On the recordMay 5, 2021
Source
msnbc.comEditor's note · Context
Yellen highlights the significant tax gap and the need for reforms to close it.
Share
More from Janet Yellen
Jun 11, 2025
I would expect inflation, on a year-over-year basis of this year, to shoot up to at least 3%, or slightly over, because of the tariffs.
Nov 1, 2023
Absolutely, I think it's an irresponsible bill, tying support for Israel, lacking support for Ukraine, which are both vital national security interests, and then, tying aid for Israel to what is really an irresponsible proposal, to cut…
Apr 29, 2024
He will oppose any tax increases on families earning under $400,000 at the same time that he will oppose keeping in place benefits that went to the wealthy.





