Janet Yellen actually said...

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.

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

09/27/2021

More Janet Yellen Quotes

The Trump tax cuts added hugely to the deficit. I wish I recalled, it was something like $2 trillion over 10 years.

The Trump tax cuts added hugely to the deficit. I wish I recalled, it was something like $2 trillion over 10 years.

not paying any of our bills is default.

The Trump tax cuts added hugely to the deficit. I wish I recalled, it was something like $2 trillion over 10 years.