Despite the Trump administration’s focus on cost cutting and the additional revenue coming from tariffs, the deficit is as large as it was a year ago. Read More.
The Federal Reserve cut interest rates by 25-basis-points in October, though two policymakers dissented from the move, with one saying that he remains concerned about inflation. Read More.
The ongoing government shutdown has delayed the official third-quarter GDP report release, although real-time estimates from a pair of Federal Reserve banks suggest the economy grew. Read More.
The U.S. national debt is climbing at a rapid pace and has shown no signs of slowing down despite the growing criticism of massive levels of government spending. Read More.
MARK SCHAFF PUTS GROK AI TO THE TEST – FINAL PART THREE
Our FAIRtax Leader in South Carolina, Mark Schaff, put Grok to the test and sent in the results. Read More.
Sunday on CBS's "Face the Nation," Treasury Secretary Scott Bessent said following negotiations, the 100% tariff President Trump threatened to impose on China was "effectively off the table." | Clips Read More.
More Lipstick on a Pig--The Fair and Accountable IRS Reviews Bill
Last week there was a lot of fanfare when the House Ways And Means Committee... Read More.
The average rate on the 30-year fixed mortgage fell this week to 6.19%, according to the latest Freddie Mac data released on Thursday. That is down from last week's reading of 6.27%. Read More.
The Federal Reserve is expected to cut interest rates 25-basis-points at its meeting this week, though elevated inflation has created a dilemma for policymakers. Read More.
The FAIRtax Will Not Make Prices Rise
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.
States without income tax rely on sales taxes and natural resources for revenue, while high-tax states fund expansive social programs through steep rates. Read More.