Political Quotes

Janet Yellen: “I do support eliminating stepped-up basis. The reason is that a very large share of the income of wealthy individuals is…”

On the recordSeptember 27, 2021
I do support eliminating stepped-up basis. The reason is that a very large share of the income of wealthy individuals is simply never taxed.
Said by
Janet Yellen
Democratic · California

Editor's note · Context

Yellen supports eliminating stepped-up basis to tax unrealized capital gains of wealthy individuals.

Share

More from Janet Yellen

Jul 8, 2024

I am optimistic, because I believe that the big inflationary impulse that we saw in 2022 largely was global.

congress.gov
Mar 3, 2025

Corporate anonymity enables money laundering, drug trafficking, terrorism, and corruption.

axios.com
Apr 29, 2024

There will be a negotiation over what to do when these tax cuts expire.

congress.gov
Jul 8, 2024

We certainly have proposed extending the Child Tax Credit, which was immensely helpful, and we are supportive of the legislation that has gone through the House.

congress.gov

Other voices in this conversation