Articles

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Chairman’s Report - February 15, 2019
Some call him our greatest President, but how was Lincoln when it came to taxation? Would he have been a FAIRtax ally? Read on. Read More.
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Chairman’s Report - January 12, 2018
In 1837, Hans Christian Andersen wrote a fable entitled The Emperor’s New Clothes. The Emperor really didn’t care about his people but only about getting new clothes to show off to the people in his court and to his subjects. Read More.
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Chairman’s Report - March 1, 2019
A vocal freshman Congresswoman from New York is dominating the headlines. Here’s why Rep. Alexandria Ocasio-Cortez (D, NY-14) should embrace the FAIRtax… Read More.
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Chairman’s Report - April 20, 2018
In USA Today, Ways And Means Committee Chairman Kevin Brady published an op-ed where he boasted that the recently enacted tax plan said “…good riddance to that outdated monstrosity of a tax code that took too much of your money, sent our American jobs overseas, and kept our economy so slow many workers didn’t see a pay raise for a decade or more.” Read More.
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Chairman’s Report - February 22, 2019
Realtors would see a big benefit from the FAIRtax (and so would everyone else). So why aren’t they lobbying in favor of real tax reform? Read More.
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US economy added 250,000 jobs in December
US companies closed out 2017 with strong hiring in December, adding the most jobs in nine months — news that sent the Dow Jones industrial average soaring past a record 25,000 points Thursday morning. Read More.
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Dow Industrials Cross 25000 for First Time
​The Dow Jones Industrial Average jumped past 25000 for the first time Thursday, on pace to notch the fastest run to a fresh 1,000-point milestone in history. Read More.
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What tax reform means for the next big lottery winner
What does tax reform mean for the next big lottery winner? That will depend on where in the U.S. the winning ticket is purchased. Read More.
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Republicans are already acknowledging they need to fix their gigantic tax law — but that could be impossible
The new Republican tax law sets up major changes to the US tax code. Republicans are already acknowledging they will need follow-up bills to help correct any implementation issues. Democrats may not go along with any attempts at fixing the law, given that Republicans blocked fixes to the Affordable Care Act under President Barack Obama. Read More.
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Republicans are already acknowledging they need to fix their gigantic tax law — but that could be impossible
The new Republican tax law sets up major changes to the US tax code. Republicans are already acknowledging they will need follow-up bills to help correct any implementation issues. Democrats may not go along with any attempts at fixing the law, given that Republicans blocked fixes to the Affordable Care Act under President Barack Obama. Read More.
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Tax Reform Changes To Recharacterizations And Roth IRA 2018 Contribution Limits
Despite lots of noise leading up to the passage of the tax reform bill, retirement planning was left mostly alone. While the tax cuts and changes might have a big impact on government program cuts to Medicare, Medicaid, and Social Security in the future and might also significantly impact how people save, spend, and invest money, only a few direct changes were made to retirement planning laws. Read More.
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Republicans Hunt for Ways to Pay for Tax Cuts
A day after House and Senate Republican leaders said they had reached agreement on a merged version of their tax bill, they continued looking for ways to pay for the tax overhaul and faced the possible defection of a Republican senator, Marco Rubio of Florida. Read More.
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Marco Rubio says he’s a ‘no’ on tax bill unless he gets child tax credit
Sen. Marco Rubio, a Republican from Florida, told congressional leadership that he will not support the latest version of the GOP tax bill if the legislation doesn’t make the child tax credit more generous. Read More.
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Chairman’s Report - December 15, 2017
In the 1990’s when I met with Bob Packwood, the Senator from Oregon who was the Senate Finance Committee Chairman in 1986, he told me a story about a request he made to the Senate Judiciary staff in 1986 during the weeks leading up to the passage of the 1986 Tax Reform bill. Packwood said one night he was very tired and some Senators were demanding that changes be made that would produce more income and lower the deficit from the tax cuts. Read More.
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Senate Republicans Pass Sweeping Tax Bill
The Senate passed the most sweeping tax rewrite in decades early Saturday, with Republicans lining up to approve an overhaul that will touch almost every corner of the United States economy, affecting families, small business owners and multinational corporations, with the biggest benefits flowing to the highest-earning Americans… Read More.

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