Janet Yellen

It is imperative that Congress address the debt limit. If not, our current estimate is the treasury will likely exhaust its extraordinary measures by October 18th. At that point, we expect treasury would be left with very limited resources…

I believe there are a number of ways in which Congress could implement [Pillar One], but certainly ratification of a treaty would be one way in which Congress could authorize.

We are trying to add to the IRS's resources so that they will be able to handle these things in a more expedited fashion.

It makes one question when America might become the next Greece. When, in your view, when do we have to say enough is enough when it comes to our deficit and our debt?

I think there are threats to financial stability that have come from the growth of activity in the shadow banking sector.

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.

I cannot think of anything more harmful to the role of the dollar than failing to raise the debt ceiling.

failing to increase the debt limit would have catastrophic economic consequences.

If I am privileged to be confirmed, I would be committed to ensuring that the Treasury Department and the IRS administer tax laws in a fair and even-handed manner, keeping politics out of the process.

I take the issue of private taxpayer information extremely seriously and if I am privileged to be confirmed look forward to working with my Treasury colleagues to ensure that privacy and security issues are fully addressed.

cryptocurrencies can be used to finance terrorism, facilitate money laundering, and support malign activities that threaten U.S. national security interests.

I believe it would precipitate a financial crisis. It would threaten the jobs and savings of Americans.

I would plead with Congress simply to protect the full faith and credit of the United States by acting to raise or suspend the debt limit as soon as possible.

This is about paying the bills that are already due and owing.

Thanks to this Congress--and its passage of the American Rescue Plan--I believe we are well on our way toward that goal.

I can tell you that at this level of statutory rates, as well, the United States' corporate rate, including Federal and State, is below the G7 average.

I think putting this Child Tax Credit in place really is an important step, and we are proposing to continue it.

It is a high priority of President Biden. It is a priority in the budget.

I think this is what most economists think--that the current burst of inflation we have seen reflects the difficulties of reopening an economy that has been shut down.

I believe the entire EU will, in the end, go along with higher minimum taxes.

While the highest earners have seen their income grow, families at the bottom end of the distribution have seen their pay stagnate.

The Biden administration is certainly concerned about these children.

We are pursuing absolutely every avenue toward a swift and comprehensive standstill and rollback of our DSTs.

Anything that affects U.S. tax law must be enacted by the U.S. Congress. So, Congress plays a critical role.

He proposes to raise rates on dividends and capital gains on the principle that it is not fair for workers to pay a larger share of their wage income than wealthy individuals pay on their rewards.