Hern introduces bill to tax cartel’s international money transfers
Representative Kevin Hern (OK-01) recently introduced HR 8566, the Withholding Illegal Revenue Entering Drug Markets (WIRED) Act, to the House of Representatives. Based on a similar policy enacted by the state of Oklahoma, HR 8566 imposes a 5% fee on remittances out of the United States, with the intention of penalizing illicit activity, such as drug and human smuggling. U.S.…