American Tax Officer

Chapter 797: Chapter 399: The Bill Officially Takes Effect_2
 

“The reason was simple: the White House had just announced that the foreign tax evasion law had officially taken effect, which meant that their subsidiary companies could no longer use overseas registrations to evade taxes on a large scale.

From now on, for every dollar they earned, they had to honestly pay a certain percentage of tax to the Internal Revenue Service.

They had always been the ones shearing others, but unexpectedly, they had now become the ones to be sheared, which was as disgusting to them as swallowing a fly.

“What do we do now, just accept defeat?”

The atmosphere was silent for a long time until Cyril couldn’t contain himself and spoke out.

“That damned Payden has already signed it. There’s nothing we can do now…”

Although they were reluctant to accept this outcome, most of the Angsa people at the scene had to admit that they had lost the war.

“No, I don’t think so!”

Everyone turned their heads in unison to see who had spoken, and it was none other than the 41st President of America, Bush Junior!

“Mr. Bush, what do you think?”

“Although the foreign tax evasion law has been successfully legislated, don’t forget that a law can also be repealed!”

“That makes sense, but how can we talk about repealing the law when we can’t compete with David in the Senate and House of Representatives?” asked Cyril.

Bush Junior’s lips curved slightly as he responded, “It seems you all have forgotten something; we are right in the middle of the midterm elections. If we manage to dispose of David’s camp, we can take back control of Congress. Once we control Congress, repealing this law will naturally be an easy task!”

Hearing this, many in the room were visibly shaken.

Yes, in the midst of opposing the legislation, they had forgotten about the midterm elections.

The midterm elections had actually started at the end of November last year, but they had been overshadowed by the highly publicized foreign tax evasion law.

And the midterm elections meant a major reshuffle of the members of both houses of Congress. If they could support more of their own people to take office, there was indeed still a chance for a turnaround!

“Mr. Bush is right. It seems we have lost for now, but fortunately, heaven has left us a path. If we win this midterm election, then we can truly turn the tide!”

“What are we waiting for? Hurry up and contact Freemasonry and the Illuminati, and tell them to stop worrying about the law. The midterm elections are what matter now!”

“Exactly…”

While the Angsa people were discussing on one side.

At the same time, on Senado Island, the Freemasonry Group was also discussing their next steps.

“The foreign tax evasion law is beyond redemption, but realistically, it’s not the end of the world for us. What I’m worried about is that he might target our Federal Reserve next!” said Prescott, whose concern was not unfounded as the White House had already announced the successful legislation, and it was foreseeable that David’s prestige had risen another notch.

If that bastard decided to strike while the iron was hot and target their Federal Reserve, they really wouldn’t have much defense.

“Mr. Henrietta…”

As the members were deep in thought, a servant whispered a few words to Henrietta. Following this, Henrietta looked up and spoke to everyone: “The Angsa people have reminded us, it’s the time for the midterm elections. If we can promote more of our people to take office, we have the chance to regain control of Congress.”

“Midterm elections? Right, how could I forget that!”

“The Angsa people are right. We couldn’t stop the law mainly because Congress was under David’s control. But with the midterm elections bringing about a reshuffle, if we seize this opportunity, we indeed can turn the tables.”

“Now that David controls Congress, if we want to compete with him, it will require a significant investment…”

After hearing about the midterm elections, many members of the Freemasonry also rekindled their hopes.

However, they soon realized that this midterm election was different from the past.

With David blocking the way, supporting more of their own people to take office would undoubtedly require a significant investment of human and material resources.

And to stop the passage of this law, they had all invested a lot of money during this time.”

Moreover, now that the legislation had already taken effect, the Internal Revenue Service would surely wield the Dragon-Slaying Blade against them. Asking them to withdraw funds to interfere in the midterm elections would truly be painful.

“Don’t worry, the interest rate hike has been announced. Tomorrow we will make it official. When the funds flow back, let’s use them to finance this midterm election!”

Henrietta had long made the decision to raise the Federal Reserve interest rate, but due to complications from the legislation, she had to set it aside for a while.

Now that the legislation had reached a conclusion, and with the midterm elections as their target, naturally, there was no need to wait any longer for the interest rate hike.

“Great, let’s decide on that!”

“Regaining control of Congress and scrapping the Offshore Tax Evasion Act isn’t just our concern. It also involves the Angsa people and the Illuminati. We need them to increase their funding as well.”

“Right, leave it to me. I’ll have a good talk with them, and I won’t let our group suffer too much!”

…

Upon hearing that they no longer needed to divert their funds, members of Freemasonry were quite pleased, each preparing with full vigor to counterattack.

Just the day after the Offshore Tax Evasion Act passed, headlines were swiftly overtaken by another piece of news.

An announcement from the Federal Reserve, like a bomb, ignited opinions around the world.

The reason was none other than the announcement that the Federal Reserve would undergo its eighth interest rate hike.

Instantly, countries around the world began to complain.

Japan.

“Dammit, this cursed Federal Reserve is cutting our grass again!”

“It’s so shameless. One or two rate hikes might have been fine, but this is the eighth one now. They really act as if all the money belongs to them!”

“The Federal Reserve is out of control. Is there no one who can sanction them?”

“There is, the Internal Revenue Service can. If the IRS taxes the Federal Reserve, I’ll be the first to support it!”

Upon announcing the rate hike, Japan’s stock market instantly plummeted.

Countless people from the Island Nation not only cursed but also fantasized about having the Internal Revenue Service discipline the Federal Reserve to vent for them!

Peninsula country.

“Damn it, the Federal Reserve is too evil!”

“The Offshore Tax Evasion Act that the Internal Revenue Service passed yesterday reportedly cost the Jewish people dearly. Today, America announced a rate hike. Are they trying to recoup their losses from us?”

“Let the Federal Reserve keep cutting our grass. I believe that one day, that Chief Inspector David will discipline them. Then we’ll see if they’re upset!”

…

Aside from Japan and the Peninsula country, other nations also severely criticized the Federal Reserve’s method of shearing wool.

But the Federal Reserve was, after all, the Federal Reserve. The criticisms from various countries were futile, with hopes pinned on the Internal Revenue Service instead.

Recently, the Internal Revenue Service was not only regulating major capital groups but also established the Offshore Tax Evasion Act.

Essentially, anyone with a bit of discernment from each country could see that both parties were engaged in a war without smoke.

And who were most of America’s capitalists?

Among them were many Jewish people!

And who controlled the Federal Reserve?

It was well-known that it was also the Jewish people!

As long as the Internal Revenue Service continued to go after the Jewish people next, it would mean avenging those who suffered losses due to the interest rate hikes. So, many people from various countries were quite looking forward to this.