Dear Patriot,
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.
Because of Campaign For Liberty's tax-exempt status under IRC
Sec. 501(C)(4) and its state and federal legislative activities,
contributions are not tax deductible as charitable contributions
(IRC § 170) or as business deductions (IRC §
162(e)(1)).
www.CampaignForLiberty.org
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