Janet Yellen

We want to see, before additional funds are made available, that the ones that are available have been allocated effectively.

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

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.

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

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.

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

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 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.

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.

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.

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

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.

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.

Climate change requires economy-wide investments by industry and government.

I am hopeful China will decide it is in their interests to join this agreement, but I do pledge that this is not an agreement that we will weaken.

China is our most serious competitor, and that it poses challenges to our security and our democratic values.

It is intended to counter foreign company profit shifting by denying deductions to firms operating in the United States.

It motivates both features of the American Rescue Plan and it has also motivated many of the proposals in the President's budget.

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

The New Markets Tax Credit--as you mentioned, the President has proposed an additional allocation. And we think that it is an important way of channeling funds to qualified community development entities that, in turn, can make investments…

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

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

This just simply has to be a very important priority.