Janet Yellen’s Treasury sees a wealth tax as too hard to implement, but she has other ideas on what to change

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Treasury Secretary Janet Yellen has indicated that a wealth tax is off the table, but she is looking at other potentially significant measures.

In an interview with The New York Times’ Andrew Ross Sorkin, Yellen said she wasn’t planning a wealth tax like Sen. Elizabeth Warren’s proposal because it’s “something that has very difficult implementation problems.”

Yellen also said during a virtual conference held by the Times that “a wealth tax has been discussed,” but it’s not favored by President Biden.

One major plank of Sen. Warren’s presidential run — and, later, Sen. Bernie Sanders’ run details ⇒

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