‘An Act of War Against the Middle-Class’ — Americans Criticize Janet Yellen’s Idea to Tax ‘Unrealized Capital Gains’
The 78th United States secretary of the treasury Janet Yellen told CNN’s “State of the Union” on Sunday that U.S. lawmakers are considering taxing unrealized capital gains. According to Yellen, the funds collected would help finance things related to climate and social change. While Yellen said that U.S. senator Ron Wyden (D., Ore.) was working on drafting the plan, a great number of Americans have been criticizing the proposal on forums and social media. Janet Yellen Discusses Unrealized Capital Gains Tax Proposal, House Speaker Pelosi Approves The phrase “unrealized capital gains” has been trending on social media and forums during the last 24 hours after the U.S. secretary of the treasury Janet Yellen discussed the subject on CNN’s “State of the Union.” Yellen explained the concept, which aims to tax Americans on unrealized capital gains stemming from liquid assets. Of course, like the controversial $600 IRS monitoring proposal, Yellen stressed that the proposal was aimed at “