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

Apr 29, 2024

I think it is appropriate to do that.

congress.gov
Jun 3, 2024

We share the objective that you have which is to rid ourselves of dependence on China.

congress.gov
Apr 29, 2024

The Biden Administration has driven an historic economic recovery over the past three years.

congress.gov
Feb 5, 2024

I think what we found during that time was that implementing strong capital, liquidity, and risk management rules led to a stronger banking system.

congress.gov

Other voices in this conversation