Current News

The Grassroots Corner - Week Beginning 4/04/22: “CPAC Wrap-Up” Read More.

The price of gasoline has spiked since the Russian invasion of Ukraine and politicians have been quick to call for a temporary suspension of gasoline excise taxes, either at the federal or state level. Already, three states – Connecticut, Maryland, and Georgia – have temporarily suspended their state excise tax.  Read More.

"April Fool's Day Should Be April 15th " - April Fool’s Day is a day where people are expected to play practical jokes on each other.  Some are as simple as putting a “kick me” sticker on the back of someone’s pants.   Others are a bit more elaborate. Read More.

President Joe Biden's insistence that rich people pay their "fair share" is critical to the deficit reduction in his $5.8 trillion budget request for the fiscal year 2023 and Democrats' messaging before November's midterm elections. Read More.

The Grassroots Corner - Week Beginning 3/28/22: “How To Get Candidates To Sign The FAIRtax Pledge – 4th and Final Installment: Video Processing” Read More.

A judge has overturned a new capital gains tax on high profit stocks, bonds and other assets that was approved by the Washington Legislature last year, ruling that it is an unconstitutional tax on income. Read More.

February's bills came as a shock to customers already reeling from the previous bill Read More.

Economic experts warn the tax suspensions could drive up demand too fast. Read More.

Tennessee Gov. Bill Lee has proposed a 30-day suspension of state and local grocery sales tax. Read More.

"War!  How would the FAIRtax factor in? " - Today’s Chairman’s Report is written by Jade Walle. Jade is a partner of a CPA firm and is on the board of Americans For Fair Taxation.  Read More.

Most other states have taken bold action. However, Nebraska continues to sit by, catering to special interests, to protect their narrow exemption from taxation, and maintain the outdated 1967 Nebraska Tax framework. ⚡ EPIC Consumption Tax Reform, LR264CA, is a bold and innovative plan to make Nebraska competitive again. It will use an 8.97% Consumption tax on retail products and services to ELIMINATE (not reduce) 5 current Nebraska state taxes: Property tax, Income tax for individuals, Income tax for corporations, Sales tax & Inheritance tax. Read More.

Summers says probability Fed successfully engineers 'soft landing' is unlikely Read More.

Whether you pay taxes on stimulus depends on the type of benefit. Read More.

An economic maelstrom is brewing. A few months ago, it cost Rachel Lee about $150 to buy two weeks of groceries for her family of four. Lately, she says, it takes almost $100 more to buy the same food. Read More.

Venezuela's oil is heavier, dirtier, and more difficult to extract than US or Canadian oil Read More.