On June 16th and 17th, the Senate Finance Committee and the House Ways and Means Committee held hearings on the
President’s Fiscal Year 2022 Budget with Treasury Secretary Janet Yellen. During the hearings, Senators,
Representatives, and Secretary Yellen discussed: Digital Services Taxes (DSTs); a global minimum tax rate; tax reform; the
ProPublica tax leak; step-up in basis and capital gains tax; inflation; corporate tax rate; the Financial Crimes
Enforcement Network (FinCEN); China; 501(c)3 and 501(c)4 corporations; supply chain resiliency; cybersecurity; the
gas tax; state and local tax (SALT) cap; tax credits; and the labor force participation rate.
