Yellen Leaves Door Open to Tax Increase on Wealthy Americans (3)

Treasury Secretary-designate Janet Yellen said she would work with lawmakers to fast-track a series of tax increases on corporations and wealthy Americans as the Biden administration tries to pass spending on infrastructure and expanding the social safety net.

Yellen, who awaits Senate approval for the post, on Thursday submitted written responses to Senate Finance Committee members’ follow-up questions on topics spanning climate change to sanctions policy. The 114-page document was obtained by Bloomberg News.

The Senate Finance panel is scheduled to advance Yellen’s nomination Friday, although a full Senate confirmation vote might not happen until next week.

Following are some...