Yellen leaves door open to HNW tax increase

Trader Talk

Treasury Secretary-designate Janet Yellen said she would work with lawmakers to fast-track a series of tax increases on corporations and wealthy Americans as the Biden administration tries to pass spending on infrastructure and expanding the social safety net.

Yellen, who awaits Senate approval for the post, on Thursday submitted written responses to Senate Finance Committee members’ follow-up questions on topics spanning climate change to sanctions policy. The 114-page document was obtained by Bloomberg News.

Following are some highlights from Yellen’s comments:

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