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Treasury Secretary Janet Yellen says she
is open to increasing corporate taxation
and hiking capital gains tax and has had
talks about one-off 'wealth levy'—but
that Joe Biden opposes it

Original Article

Posted By: Ribicon, 2/23/2021 1:48:23 PM

Treasury Secretary Janet Yellen signaled the administration is open to new corporate taxes but dismissed the idea of a 'wealth levy,' saying President Joe Biden opposes it. Yellen said Biden favors boosting taxes on companies and could raise rates on capital gains, noting the idea was 'worth considering.' The administration is looking to boost the corporate tax to 28 per cent, Yellen noted. But she ruled out a wealth tax—an idea favored by progressives. 'A wealth tax has been discussed but is not something President Biden' favors, Yellen said at a virtual Dealbook/DC Policy Project conference Monday hosted by the New York Times.


Cutting government spending dramatically is never even considered. Tax, spend, let consumers absorb the inevitable cost increases that are passed along to us, as well as the inflation that destroys our savings. Meanwhile, Janet Antoinette, who never has to worry about paying bills, says "let them eat cake."

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Reply 1 - Posted by: moebellini3 2/23/2021 1:57:21 PM (No. 705835)
Parasites sucking the host dry. And, when the host dies they all of the parasites die. As we watched Cuba and Venezuela die these communists learned nothing from it. Sick freakin hypocrites...
18 people like this.

Reply 2 - Posted by: Safari Man 2/23/2021 1:58:18 PM (No. 705836)
Always more for the government. Profligate spending. Oppressive taxation. Is this any way to run a country? Who voted for this? Very very few.
15 people like this.

Reply 3 - Posted by: Jesuslover54 2/23/2021 2:09:26 PM (No. 705851)
He's a real promise keeper.
4 people like this.

Reply 4 - Posted by: marbles 2/23/2021 2:23:38 PM (No. 705862)
joey doesn't know cr*p.
4 people like this.

Reply 5 - Posted by: Grounded 2/23/2021 2:32:29 PM (No. 705867)
Besides being impossible to accurately administer, a wealth tax is blatantly unconstitutional. Not that fidelity to the Constitution ever slowed down democrats in their lust for power. And taking away your wealth empowers them at you expense. And Ms. Yellen wants to get the employment rate back to pre pandemic levels while favoring policies that mitigate against employment gains.
7 people like this.

Reply 6 - Posted by: Submariner 2/23/2021 2:37:03 PM (No. 705870)
I pulled everything from the equities markets. This ice bath is set to validate my concerns.
4 people like this.

Reply 7 - Posted by: hershey 2/23/2021 2:51:31 PM (No. 705885)
A dumbocrap never met a tax they didn't like...sorry folks, but our Republic is lost...sent down the drain my a fraudulent election...
7 people like this.

Reply 8 - Posted by: VAPMAN 2/23/2021 2:52:17 PM (No. 705887)
Yes, tax everything the average working person makes, tax to the hilt what they earn on investment and tax corporations so that they will move their jobs to China. But make sure there are loopholes for the woke very rich and social media. We really need to re-establish the TEA PARTY now.
6 people like this.

Reply 9 - Posted by: felixcat 2/23/2021 3:25:45 PM (No. 705919)
This from the same woman who made how many hundreds of thousands in speeches to Wall Street types in the last year or so?
7 people like this.

Reply 10 - Posted by: privateer 2/23/2021 3:30:12 PM (No. 705923)
She's for sale...but she likes to be paid in advance. Like Zhou.
5 people like this.

Reply 11 - Posted by: john56 2/23/2021 4:14:15 PM (No. 705949)
Yeah, Biden's against a wealth tax. Until he can figure a way to exempt his family and political cronies from it.
7 people like this.

Reply 12 - Posted by: kono 2/23/2021 4:28:29 PM (No. 705957)
#8 "We really need to re-establish the TEA PARTY now." When the TEA party was in vogue, the nascent Kancel Kulture Klub called it racist. We can absolutely count on it to be labeled a "white supremacist" / domestic terrorism group. Now that the Left has regained power, they are not likely to tolerate ANY resistance, organized or not. It's just another example of their hypocrisy, of course; but Dems, unlike the GOP, don't care at all about being called hypocrites. Getting along is only for when they are out of power.
1 person likes this.

Reply 13 - Posted by: zephyrgirl 2/23/2021 4:43:56 PM (No. 705970)
There won't be a wealth tax as long as Silicon Valley billionaires do the Dems' bidding. Instead, the middle class will get taxed out of existence.
3 people like this.

Reply 14 - Posted by: Starboard_side 2/23/2021 4:50:59 PM (No. 705990)
If you want to raise the capital gains tax, they should start at people who have incomes over $400,000, including those who use the cap gains as means to fund their income (like Warren Buffett). And, they've wanted to increase the top tax rate from 37 to 39% for the last few years, which is nearly a given, and will enable them to lift the SALT limit.
0 people like this.

Reply 15 - Posted by: JHHolliday 2/23/2021 4:57:57 PM (No. 706003)
A wealth tax was proposed a few years ago by the usual suspects. It was to be a "one-time" confiscation of our pension assets just to 'pay down the debt'. One time....bwahahaha. Let them do it one time and they will be seizing our money for years to come.
3 people like this.

Reply 16 - Posted by: red1066 2/23/2021 5:17:17 PM (No. 706028)
Corporations don't pay taxes. The consumers of the products that the corporations produce pay the taxes in increased prices.
3 people like this.

Reply 17 - Posted by: DVC 2/23/2021 9:38:37 PM (No. 706286)
She's a bad person.
2 people like this.

Reply 18 - Posted by: ColonialAmerican1623 2/24/2021 12:33:50 AM (No. 706396)
There are no fools like old fools with our money. They don't call Dems the Tax and Spend Party for nothing.
0 people like this.

Reply 19 - Posted by: franq 2/24/2021 6:04:33 AM (No. 706476)
Old Yellen. What a prize. #16 is correct but the average citizen is too stupid to know that. Hmmm... why are my Hot Pockets now $12 a box???
0 people like this.

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