Editor’s note. The following letter was addressed to the Honorable Sherrod Brown, Chairman, U.S. Senate Committee on Banking, Housing, and Urban Affairs, and The Honorable Tim Scott, Ranking Member, U.S. Senate Committee on Banking, Housing, and Urban Affairs
Dear Senator Scott:
U.S. Treasury Secretary Janet Yellen will testify before the U.S. Senate Banking Committee tomorrow. In the March 8, 2022, Senate Banking Committee hearing on Examining Mandatory Arbitration in Financial Service Products, Secretary Yellen testified:
I believe that eliminating the rights of women to make decisions about when and whether to have children would have very damaging effects on the economy and would set women back decades. Roe v. Wade and access to reproductive health care, including abortion, helped lead to increased labor force participation. It enabled many women to finish school that increased their earning potential. It allowed women to plan and balance their families and careers. And research also shows that it had a favorable impact on the well-being and earnings of children. There are many research studies that have been done over the years looking at the economic impact of access, or lack thereof, to abortion, and it makes clear that denying women access to abortion increases their odds of living in poverty or need for public assistance.
Since the COVID-19 pandemic and the election of President Joe Biden, the American people have experienced economic hardship. The secretary of the treasury’s job is to put forward economic policy that gives every person the opportunity to live their best life in the greatest country in the world. Americans deserve a treasury secretary who is equal to this task.
Secretary Yellen claimed that induced abortion—the purposeful ending of the life of an unborn child—is good for the economy and hinged the advancement of American women on this evil practice. She put a dollar amount on the lives of a subgroup of Americans, an act that has been abhorred since the abolition of slavery. Her reprehensible words, indicative of her economic vision, demonstrate she is unfit to serve the American people.
As members of the pro-life community, we reject this regressive and anti-human thinking. We are unwilling to trade unborn Americans for this dystopian vision of America, regressive attitude toward women, and expendable attitude toward labor. Killing people is not a pathway towards economic prosperity—and certainly is not an answer to economic instability. It is beneath a member of the administration of the United States of America to suggest otherwise.
Secretary Yellen must be held accountable for her remarks.
Family Research Council,
Students for Life Action,
Concerned Women for America Legislative Action Committee,
Susan B. Anthony Pro-Life America,
Advancing American Freedom,
National Right to Life