Gerald R. Ford School of Public Policy via Flickr

Former Federal Reserve Chair Janet Yellen is presumptive President-elect Joe Biden’s pick to serve as treasury secretary.

Though the mainstream media perpetuates the myth that Yellen is moderate that no rational America should fear, the reality is far different and not difficult to find, particularly when it comes to her support for a national carbon tax.

Mike Palicz explains in an op-ed for the Washington Examiner:

Reading such rave reviews, taxpayers may be surprised to learn of the alleged centrist’s support for a $2 trillion tax on American energy that would raise federal taxes on gasoline by more than 200%.

In the run-up to the election, Yellen stressed the likelihood of the United States adopting a carbon tax should Biden become president. As recently as October, Yellen told Reuters that the combination of the coronavirus pandemic, Black Lives Matter protests, and wildfires in California could boost support for the proposal. “There really is a new kind of recognition that you’ve got a society where capitalism is beginning to run amok and needs to be readjusted,” Yellen explained in the interview.

These comments do not reflect the worldview of a centrist, and Mary Poppins never called for the reordering of free market societies.

Yellen’s advocacy for a national energy tax goes far beyond comments made in one interview. In February 2017, Yellen helped launch the Climate Leadership Council, an “international policy institute” focused on lobbying Congress to adopt carbon tax legislation. Specifically, Yellen’s organization advocates for a tax beginning at $43 per ton and set on autopilot to increase every year at 5% above inflation.

Gasoline prices alone would rise 40 cents per gallon from a tax of this magnitude.


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