The federal budget deficit increased by $109 billion in first 10 months of fiscal year 2025 despite a $70 billion boost from the Trump administration's tariffs on imported goods. Read More.
President Donald Trump this week said he is planning to impose a 100 percent tariff on imported computer chips unless manufacturers are also investing in U.S. production. Read More.
The July CPI inflation report will be released on Tuesday with economists expecting prices ticked higher as more tariffs took effect, complicating the Fed's rate cut outlook. Read More.
President Donald Trump signed an executive order allowing private equity, venture capital and hedge funds in retirement accounts, reversing a Biden administration policy. Read More.
DO THE RICH GET THE MOST IRS AUDITS?
Do you remember how the Inflation Reduction Act of 2022, which passed during the Biden Administration, promised to hire 80,000 new IRS agents to go after the rich and make them pay their fair share of taxes?
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The Labor Department released its jobs report for July which showed the U.S. economy added 73,000 jobs last month, amid uncertainty around trade and monetary policy. Read More.
Federal Reserve Governors Bowman and Waller dissented from this week's decision to hold interest rates steady and explained why they would've cut rates by 25-basis-points. Read More.
The FAIRtax or Income Tax- Which is better for U.S. business?
This week’s Chairman’s Report is written by Jade Walle. A practicing CPA has been on the American For Fair Taxation board of directors. Read More.
The U.S. national debt is climbing at a rapid pace, on track to double over the next three decades amid a rush of spending by the White House and Congress. Read More.
The Federal Reserve's preferred inflation gauge showed that prices increased slightly in June, as policymakers continue to monitor data for signs of tariff-induced inflation. Read More.
HOSTILE ARGUMENT: IT IS UNFAIR THAT THE FAIRTAX TAXES FOOD, CLOTHING, HOUSING, AND MEDICINE
Today, we continue a series of articles about handling attacks on the FAIRtax. Read More.
The U.S. national debt is climbing at a rapid pace, on track to double over the next three decades amid a rush of spending by the White House and Congress. Read More.
Illinois homeowners face a 27% rate hike from State Farm as the insurer cites unsustainable losses. The rate increase is expected to start on Aug. 15. Read More.
SENIORS, TIP RECEIVERS AND OVERTIME RECIPIENTS-- ENJOY THE BENEFITS UNTIL THEY EXPIRE IN 2028
The One Big Beautiful Bill Act (OBBBA), was signed into law by President Donald Trump over the July 4, 2025, weekend. Read More.
Pakistani Foreign Minister Ishaq Dar said his country was "very close" to a trade deal with the U.S., but officials in Washington did not mention any timeline. Read More.