Articles
The Fed Cut the Interest Rate to Bail Out the Treasury
Lowering rates is a tool to rescue the government. If you make it easy for governments to borrow, they will gladly do it and continue printing currency. Read More.
The Chairman’s Report September 27th, 2024
This week’s Chairman’s Report is written by Randy Fischer, an AFFT vice-president and board member. Read More.
Bye bye inflation. We hardly knew you…
With the Federal Reserve at last reversing course and lowering short-term interest rates by 50bps this week, we can officially say that a chapter of US economic history has ended. Read More.
What the Fed Rate Cut Means for Credit Cards
While one rate cut is a good start, consumers won't feel much of a difference on their credit card debt unless there are additional rate cuts. Read More.
The Grassroots Corner September 23rd, 2024
Today’s Grassroots Corner comes from Iowa’s FAIRtax Leader, Claude Mertzenich of Decorah, Iowa. Read More.
Car Insurance up a Whopping 55% in Biden-Harris Admin's America
Car insurance rates have skyrocketed under the leadership of President Joe Biden and Vice President Kamala Harris. Read More.
Federal Reserve cuts interest rates for first time in 4 years
The Federal Reserve announced the first interest rate cut in four years at its September policy meeting amid progress in slowing down the pace of inflation toward its 2% goal. Read More.
The Chairman’s Report September 20th, 2024
A study issued by the Institute on Taxation and Economic Policy looked at the federal, state and local taxes paid by undocumented immigrants: Read More.
Mortgage rates declined to their lowest point since February 2023
Mortgage rates fell this week to their lowest level since February 2023, but not far enough to spur on the housing market amid high home prices and still-elevated rates. Read More.
Kamala Harris's Tax Plan Helps the IRS, Not Ordinary Americans
Vice President Kamala Harris’s tax plans would be disastrous for the US economy. She wants to raise individual and corporate taxes, as well as tax unrealized capital gains. H Read More.
The Grassroots Corner September 16th, 2024
We recently found a way to merge the work of three volunteers working on different projects to move the FAIRtax forward. Read More.
Social Security COLA projected to be 2.5% for 2025, smallest since 2021
Social Security's annual cost-of-living adjustment (COLA) for 2025 is projected to be 2.5%, which would be the smallest benefit boost since 2021 as the pace of inflation slows. Read More.
National Debt Tracker: American taxpayers (you) are now on the hook for $35,331,161,690,593.41 as of 9/11/24
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 President Biden and Congress. Read More.
The Chairman’s Report September 13th, 2024
This is the title of an article by Veronique de Rugy, the George Gibbs Chair in Political Economy and a senior research fellow at the Mercatus Center at George Mason University. Read More.
Inflation rises 2.5% in August, less than expected
Inflation declined in August to the lowest level since 2021, as prices rose 2.5% from last year. The data boosts the Federal Reserve's case for an interest rate cut next week. Read More.
