President-elect Donald Trump’s nominee to head the federal education department said during her confirmation hearing that she will take a $1 salary if confirmed.
Grilled by Senate Democrat members of the Health, Education, Labor, and Pensions Committee on issues related to her wealth, billionaire DeVos said she was “committed to ensuring that I have no conflicts and we’ll go forward with no conflicts.”
Asked by Sen. Tammy Baldwin (D-WI) about whether she would take advantage of a tax loophole that would allow her to “defer capital gains taxes on the sale of assets divested in order to comply with ethics rules,” DeVos said, “I do not intend to take advantage of that loophole. I’ve already made that conclusion, that decision, and in fact it probably would be useful to note here that again, if confirmed, I will only take a salary of one dollar so I can be official, but I don’t intend to take a salary either.”
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