Yellen bats down proposal for global wealth tax for billionaires
Treasury Secretary Janet Yellen said she does not support a proposal that would impose a global wealth tax on the wealthiest billionaires. Yellen opposes the proposal, put forward by Brazil, which is leading the Group of 20 major economies this year. German, Spanish, and South African officials have also discussed the proposal, which aims to […]
Yellen on Calling Trump Tariffs ‘Taxes on Consumers’: Biden’s Are ‘Targeted’
Treasury Secretary Janet Yellen predicted on Tuesday’s “PBS News Hour” that President Joe Biden’s tariffs would not cause meaningful price increases for households, saying President Trump’s tariffs would be “a tax on consumers.” In response to a question about criticism that President Biden’s tariffs are Tariffs are different because they are “target groups in strategic […]
Yellen: Treasury exploring ways to expand free tax filing program
Treasury Secretary Janet Yellen told lawmakers Wednesday that the department is considering ways to expand the limited direct-file testing program, including possible enhancements and applicable tax credits. The free program is a scaled-down version of popular tax-preparation software, but it faces fierce opposition from Republicans and the tax-preparation industry. The tax preparation industry previously maintained […]
'Buy Bitcoin' sign that photobombed Janet Yellen sells for $1M – Cointelegraph
A yellow notepad with the words “Buy Bitcoin” flashed behind then-Federal Reserve Chair Janet Yellen during a 2017 Congressional hearing was auctioned for 16 Bitcoins (BTC), or It sold for more than $1 million. A buyer known as “Justin” (also known as “Sklecky Russ”) was the winning bidder. bidder on Bitcoin auction platform Scarce City. […]
Yellen pitches Bidenomics in Beijing — making America a laughingstock
Imagine your family finds your cooking so disgusting that they refuse to eat it. In response, you decide to take the plate to your neighbor’s house. This is exactly what the Biden administration is doing with its economic platform. It’s no secret that Americans are tired of Bidennomics. A recent Economist/YouGov poll revealed that 29% […]
Yellen warns of sanctions against Chinese banks that aid Russia
Treasury Secretary Janet Yellen warned in Beijing on Monday that Chinese banks that facilitate support for Russia during the Ukraine war could face U.S. sanctions. “We remain concerned about the role played by all businesses, including those around the world. [People’s Republic of China]is involved in Russian military procurement,” Yellen said at a press conference […]
Yellen says ‘tough conversations’ needed on China’s overproduction
Rebecca Heinrichs, a senior fellow at the Hudson Institute, appeared on “Berney & Co.” to weigh in on Secretary Yellen’s controversial visit to China. Treasury Secretary Janet Yellen He said Sunday during a visit to Beijing that the United States and China have an “obligation” to responsibly manage the complex relationship between the two countries, […]
Yellen: It’s ‘neither practical nor desirable’ to cut off economic relations with China
U.S. Treasury Secretary Janet Yellen began a five-day trip to China walking a geopolitical tightrope, affirming economic ties between the two countries while raising concerns about unfair business practices and overproduction of cheap goods. “Complete economic separation is neither realistic nor desirable,” Yellen said Friday in a speech at a U.S. Chamber of Commerce event […]
Treasury Secretary Janet Yellen calls for level playing field for US workers and firms during China visit
U.S. Treasury Secretary Janet Yellen on Friday called on China to address manufacturing overcapacity that could cause global economic disruption and level the playing field for U.S. businesses and workers. . The prime minister, who began a five-day visit to China in one of China’s major industrial and export hubs, said he expected tough talks […]
Yellen says US would consider imposing tariffs, other trade barriers on China
Treasury Secretary Janet Yellen said the United States would consider imposing tariffs and other trade barriers on China to protect industries affected by Beijing’s production expansion. “We’re trying to grow industries like solar cells, batteries, electric vehicles,” Yellen said Wednesday in Alaska, where she stopped before her trip to China, according to reports. Axios. “I […]