{"id":567479,"date":"2021-06-17T22:52:06","date_gmt":"2021-06-18T02:52:06","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=567479"},"modified":"2021-06-17T22:52:09","modified_gmt":"2021-06-18T02:52:09","slug":"treasury-secy-yellen-no-clear-position-on-repealing-president-trump-tax-breaks","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/treasury-secy-yellen-no-clear-position-on-repealing-president-trump-tax-breaks\/","title":{"rendered":"Treasury Secy. Yellen: no clear position on repealing President Trump tax breaks"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftreasury-secy-yellen-no-clear-position-on-repealing-president-trump-tax-breaks%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=567479&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div id=\"attachment_2428648\" class=\"wp-caption aligncenter\">\n<p id=\"caption-attachment-2428648\" class=\"wp-caption-text\">Treasury Secretary Janet Yellen in London. (Daniel Leal-Olivas\/Pool Photo via AP, File)<\/p>\n<\/div>\n<h5>OAN Newsroom<br \/>UPDATED 7:35 PM PT \u2013 Thursday, June 17, 2021<\/h5>\n<p>Joe Biden\u2019s Treasury Secretary Janet Yellen failed to explain her position on the deductions for state and local taxes enacted by President Trump. In her testimony before the House Ways and Means Committee on Thursday, Yellen admitted Biden does not have a clear position on repealing those tax deductions.<\/p>\n<p>House Democrats have made plans to include the repeal of Trump tax breaks as part of Biden\u2019s $6 trillion spending package. Although, far-left Democrats oppose the matter by arguing a repeal would only benefit high-income households and threaten to derail Biden\u2019s overall budget proposal.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\u2757\ufe0f HAPPENING NOW \u2757\ufe0f<\/p>\n<p>LIVE: Chairman <a href=\"https:\/\/twitter.com\/RepRichardNeal?ref_src=twsrc%5Etfw\">@RepRichardNeal<\/a> is holding a hearing on <a href=\"https:\/\/twitter.com\/POTUS?ref_src=twsrc%5Etfw\">@POTUS<\/a>\u2019s Proposed Fiscal Year 2022 Budget with <a href=\"https:\/\/twitter.com\/USTreasury?ref_src=twsrc%5Etfw\">@USTreasury<\/a> Secretary Janet Yellen <a href=\"https:\/\/twitter.com\/SecYellen?ref_src=twsrc%5Etfw\">@SecYellen<\/a>.<\/p>\n<p>Tune in below to watch it now  \u2b07\ufe0f <a href=\"https:\/\/t.co\/z0pPpkGFVL\">https:\/\/t.co\/z0pPpkGFVL<\/a><\/p>\n<p>\u2014 Ways &amp; Means Committee (@WaysMeansCmte) <a href=\"https:\/\/twitter.com\/WaysMeansCmte\/status\/1405524380139073536?ref_src=twsrc%5Etfw\">June 17, 2021<\/a><\/p>\n<\/blockquote>\n<p>Yellen went on to say the Treasury could just raise taxes instead.<\/p>\n<p>\u201cOur tax proposals modestly increase tax rates on those who can most afford to pay more tax,\u201d she explained. \u201cWe propose reforming international tax rules to end the profit shifting and off-shoring incentives of current law and investing in the IRS to improve compliance with our tax laws.\u201d<\/p>\n<p>Yellen also recognized repealing President Trump\u2019s tax deductions would harm businesses and households already crippled by COVID-19 lockdowns.<\/p>\n<h4>MORE NEWS:&nbsp;<a href=\"https:\/\/www.oann.com\/one-dead-12-injured-by-ariz-gunman\/\">One Dead, 12 Injured By Ariz. Gunman<\/a><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>Treasury Secretary Janet Yellen in London. (Daniel Leal-Olivas\/Pool Photo via AP, File) OAN NewsroomUPDATED 7:35 PM PT \u2013 Thursday, June 17, 2021 Joe Biden\u2019s Treasury Secretary Janet Yellen failed to &#8230;<\/p>\n","protected":false},"author":7,"featured_media":2280654,"comment_status":"close","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-567479","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/567479","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=567479"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/567479\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2280654"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=567479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=567479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=567479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}