Chairman Reports

In 2021, the “confidential” tax returns of thousands of wealthy taxpayers were leaked and made available by propublica.org. While there was some public outcry, many of the more liberal pundits and liberal media outlets actually applauded the leak. Read More.

Every responsible parent wants a good education for their children because they know that means more future job opportunities.  Many parents choose a place to live based on the quality of the public schools.   Read More.

Of the 70 million Americans now receiving Social Security and Medicare benefits, few of them read the Summary of the 2022 Annual Reports published by the Social Security and Medicare Boards of Trustees. Read More.

Merriam-Webster defines the term recession as a period of reduced economic activity. In technical terms, a recession is generally considered to represent two consecutive quarters of economic decline, as reflected by GDP. First quarter 2022 GDP decreased at an annualized rate of 1.5% according to the U.S. Bureau of Economic Analysis. Read More.

John W. Childs is the Chairman of J.W. Childs Associates, L.P., a private equity and special situation investment firm founded in 1995, currently focusing on life science, real estate and consumer brands investments. Previously, John was Senior Managing Director of the Thomas H. Lee Company from 1987 to 1995, where he had broad responsibilities for originating, analyzing, negotiating, and managing leveraged buyout transactions, such as Snapple and General Nutrition Company. Read More.

Every for-profit business must deliver products or services that people are willing to pay for, or they will cease to exist.  Similarly, every non-profit organization must show itself worthy of the contributions they seek, or they too will disappear. Read More.

In March of 2021, the IRS shredded 30 million paper-filed information returns as a solution to the pandemic-related backlog. Read More.

Rather than have a picture of fireworks or picnics or other activities usually associated with the 4th of July, it seems that we should remember why many of us have persisted in the effort to replace the federal income tax with a national retail sales tax—the FAIRtax. Read More.

Ayn Rand’s 1957 larger-than-life novel, Atlas Shrugged, was light years ahead of its time.  Its insights into the human psyche and our role in a larger society and governmental construct are illuminating to this very day, if not even predictive.  As my daughter embarks upon reading this masterful piece of work and penning a scholarship essay on the book this summer, a thought arose. Read More.

Every for-profit business must deliver products or services that people are willing to pay for, or they will cease to exist.  Similarly, every non-profit organization must show itself worthy of the contributions they seek, or they too will disappear. Read More.

"We Told You So!" - The 2017 Tax Reform Delivered as Promised is the title of an article that appeared in the May 8, 2022 Wall Street Journal.  Written by two distinguished economists, this article explains how they predicted the favorable economic effects of the 2017 Tax Cuts and Jobs Act and how critics attacked them for being overly “optimistic.” Read More.

"Stop the Hidden Payoffs" - For as long as there have been people in governments that could bestow benefits and advantages on businesses and individuals, there has been the expectation that the businesses and individuals who want those benefits and advantages should pay for the favorable treatment they receive—usually with money or its equivalent. Read More.

"Cancel Culture and the FAIRtax" - Cancel culture is a cruel and ugly phenomenon that has stormed into American society and entwined itself into the very fabric of our lives.  Cancel culture has been defined in varying ways, including, as quoted in a May 19, 2021 Pew Research Center analysis, trying to silence someone that does not have the same belief as you.  Read More.

"The Tax Foundation Is Advocating Sales Tax!" - The Surprising Regressivity of Grocery Tax Exemptions is the title of a study written by Jared Walczak for the Tax Foundation.  Here are some of the findings: Read More.

"Harris Poll On Taxation—Frustration And Distrust" - Unlike property taxes and sales taxes which are assessed by government, the federal income tax is calculated by American taxpayers.  Read More.