Dear Bob,
She thinks you’re not paying attention.
She thinks you’ll just go along with the largest tax hike in the history of this country.
And worst of all, she thinks Congress will sign off on it. I think
she’s wrong and it’s time to make sure she hears it loud and clear. Janet Yellen
wants to raise your taxes to cover the runaway spending by her Treasury Department, made possible by the Federal Reserve.
Yellen is confident the left will be able to swiftly usher in the tax that will cripple businesses in this country and
undoubtedly put many thousands out of business. It’s been branded as a “Global
Minimum Tax,” but it’s simply just more robbery of businesses and workers by the central banking cartel.
Yellen appeared on ABC's "This Week" and was asked whether she was confident the measure would
get through, Yellen said: "Yes. I am confident that what we need to do to come into compliance with the minimum tax will be included in a
reconciliation package.” That means she believes it will pass without needing a
single Republican vote. Reuters reported earlier this month, that Yellen could do this without
a treaty: A group of 136 countries on Friday set a minimum global tax rate of 15% for big companies and sought to make it harder
for them to avoid taxation in a landmark deal that Biden said leveled the playing field. Treasury officials and tax experts have said that the
global minimum tax would not require a treaty to implement and could be achieved in the reconciliation bill because it is a voluntary agreement among
countries to individually impose a minimum tax on overseas earnings of corporations. This is madness! Let’s not forget Janet Yellen is directly
responsible for the most reckless spending and inflationary monetary policy this Republic has ever seen. Now she wants to tack another 15%
onto business taxes that are already as high as 21% to pay for it all. Her track
record with the Federal Reserve wasn’t any better. Yellen knows too well this will have a
major impact on every single American. Despite what White House Press Secretary Jen Pskaki says, more taxes on businesses will mean higher prices on
goods and services. Campaign for Liberty has been educating and informing the public
about the dangerous practices of the central banking cartel and the need for a full audit of the Federal Reserve for 13 years. Your generous
donation of $50, $75, $150, or whatever you can afford will keep us in the fight!
Under Yellen’s chairmanship, the Fed saw years of nearly zero
percent interest rates for banks to borrow money, which causes massive inflation and punishes savers.
This policy, of course, continues to make her banker cronies piles of cash when they lend that same capital out at steeply higher rates for
things like lines of credit, auto and even mortgage loans. As you may also remember, Yellen
pumped up a dangerous stock market bubble and doled out special deals to her insider friends, which has further enabled Congress' accelerating and
out-of-control spending spree. Now Yellen, as Joe Biden’s Treasury Secretary, is
lobbying for a massive tax increase on you and me in order pay for $Trillions more in pork barrel spending. But even that premise is a lie because the
massive deficits are due to the out-of-control spending. Tax receipts have never been higher!
This is fiscal insanity. In fact, the
situation with the debt is so dire that a Chicago-based group has taken notice of a big discrepancy in how the total national debt has been calculated
and has released a report called “The Financial State of the Union 2021”:
>>>The federal government has
$5.95 trillion in assets compared to $129.06 trillion worth of bills >>>The outcome is a $123.11 trillion shortfall, which breaks down to a
burden of $796,000 per federal taxpayer
>>>This means that each taxpayer would have to pay $796,000 to get the United States government out of debt
With over $5 Trillion in “bailouts” due to the
mandatory lockdown of the economy in recent months, the status of the dollar as the “World’s Reserve Currency” -- or even a stable
one -- is very much in question. Yellen is reaching for any kind of tax raise she can think of
to try to stop the financial collapse that she’ll be culpable for creating.
But it won’t work. Not only is she proposing a global corporate
taxation scheme that will further erode national sovereignty and put U.S. based businesses under global government, but on top of that she
also wants an increase in the current 21% corporate tax rate to 28%! There is no
taxation scheme that D.C. bureaucrats like Yellen won’t entertain if it means lining the pockets of her cronies at the expense of the rest of
us! Yellen and her big spending buddies in Congress create the problem with this massive and
unsustainable deficit, only to “discover” the solution, which is more taxes and more inflation, while you and I lose the value of our
savings and our assets. It’s time Janet Yellen is finally held to account for
the damage she has done -- before she makes it many more times worse with her scheming.
Campaign for Liberty will continue fighting for transparency, starting with a full audit of the Federal Reserve. But we simply cannot do
it without your help! Your generous donation of $50, $75, $150, or whatever you
can afford will keep us in the fight! I am more confident than ever
transparency is the way to solve our monetary and inflation crisis, but Janet Yellen is one of the biggest villains standing
in the way. She has publicly threatened to “forcefully” oppose passage
of Audit the Fed -- even predicting Chicken Little horrors if the Federal Reserve's actions are ever exposed!
Yellen has made it clear that she will not back down from the reckless fiscal policies that have put our country behind the 8-ball
for years. But now it’s reaching a critical point with the Coronacrisis being used to
pump $Trillions more into the economy with no plan to pay for it. Yellen, her
central banking buddies, and the Federal Reserve must be held to account and justice served.
I thank you for continuing to join me in this fight. For Liberty,
Dr. Ron Paul Chairman Campaign for Liberty
P.S. Yellen and her cronies won’t stop pushing for more and more taxation to pay for their
misdeeds and out-of-control spending. Campaign for Liberty needs you to send a rush donation
of $50, $75, $150, or whatever you can afford so we can continue the fight against Janet Yellen’s disastrous monetary policy before it’s
too late. If you’d prefer to donate via PayPal, please
click here. ________________________________________________
The mission of Campaign for Liberty is to promote and defend the great American principles of individual liberty, constitutional government,
sound money, free markets, and a constitutional foreign policy, by means of education, issue advocacy, and grassroots mobilization.
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