URGENT: The Alabama Senate has unanimously passed sound-money bill SB 297, sending it to the state House of Representatives for consideration. Please contact your state representative, and urge him or her to support this important bill.
Members of the Alabama Legislature are seeking to enact legislation helping restore sound money and enforce the U.S. Constitution’s monetary provisions.
Senate Bill 297 (SB 297) is sponsored by Senator Tim Melson (R-Florence). If enacted, it would abolish capital-gains taxes on gold and silver, an important step toward treating gold and silver as money — as the U.S. Constitution requires.
SB 297 is a good first step toward enforcing the Constitution’s monetary provisions. Article I, Section 10, of the U.S. Constitution plainly states that “No State shall…make any Thing but gold and silver Coin a Tender in Payment of Debts.” It’s long overdue that states begin to enforce this provision once again.
Additionally, this bill is an important step toward nullifying the unconstitutional Federal Reserve, which has a monopoly on money, and also reducing Alabama’s financial dependence on the federal government. It will also help Alabama avoid the federal government’s planned “Central Bank Digital Currencies,” which severely threaten privacy and individual freedom.
Article VI of the U.S. Constitution obligates state officials to uphold the Constitution and nullify all laws not “made in Pursuance” of it. Officials at all levels of government must push back against the federal government’s many unconstitutional laws and agencies, and robustly enforce the Constitution and only those laws “made in Pursuance thereof.” SB 297 is a good model for other states to follow.
Urge your state representative and senator to support SB 297 and to fully restore sound money in Alabama.
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