Articles
Stock Tumbled Amid Global Selloff, Recession Fears Dominate Wall Street
The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite fell Monday as the stock market faced a difficult start to the week. Read More.
Trump's right about not taxing Social Security benefits: Seniors earned it, they should keep it
A big benefit of the Trump Social Security proposal is that it rewards seniors — who have already spent a lifetime paying into the system — if they continue to work and invest. Read More.
The Grassroots Corner August 5th, 2024
Switzerland and Germany have a Debt Brake—something most people in the United States have never heard of. So just what is this Debt Brake, how does it work, and what does it have to do with the FAIRtax?
Read More.
Trump Calls Out Taxes on Social Security, Says Seniors “Should not Pay”
From the very beginning of his political career, Trump has fought to protect Social Security and Medicare. Even when advisors told him to make cuts during his first term, he refused. Trump actually secured increases in payments for SS recipients. Read More.
As a childless person, I should pay more in taxes than parents
As a single 27-year-old with no children, I agree with Sen. J.D. Vance that parents should pay less in taxes than childless people. Read More.
Tax-Free Spin-Off Transaction Rules Open Treasury to Litigation
Holland & Knight’s Ryan Phelps and Brandon Bloom examine Section 355 of the tax code, saying the end of Chevron deference may complicate future guidance for transactional markets. Read More.
The Chairman’s Report August 2nd, 2024
In early June, former President Trump proposed to eliminate the income tax and replace the revenue with increased tariffs.
Read More.
A Child Tax Credit Expansion Is Stuck In The Senate... Here's Why
Legislation to expand the Child Tax Credit is currently stalled in the Senate amid deep disagreements about its passage before the 2024 election.
Read More.
The Grassroots Corner July 29th, 2024
The Grassroots Corner - Week Beginning 7/29/24: “HOSTILE ARGUMENT: THE FAIR TAX WILL ADD A NATIONAL SALES TAX ON TOP OF STATE SALES TAXES” Read More.
Consumer Sentiment Hits Eight-Month Low Amid Inflation Woes
US consumer sentiment dropped in July to its lowest level in eight months as persistent high prices and stubbornly high inflation continued to erode Read More.
Project 2025 Could Impact the Economy and Your Finances
Project 2025, a controversial conservative initiative by the Heritage Foundation, calls for giving the president more power, dismantling federal agencies, outlawing the abortion pill and other “extreme” actions. Read More.
IRS Reveals What It Looks For In Stock Option Audits
The IRS has surprised tax experts with a new version of its stock comp auditing guide. Know what to expect from an audit of stock options, RSUs, and other equity awards. Read More.
The Chairman’s Report July 26th, 2024
In early June, former President Trump proposed to eliminate the income tax and replace the revenue with increased tariffs.
Read More.
Here's where Kamala Harris could stand on tax policy, experts say
With President Joe Biden officially out of the election, experts are watching for tax policy from Vice President Kamala Harris, the Democratic frontrunner. Read More.
Interest Payments on US National Debt Will Shatter $1,140,000,000,000 This Year – Eating 76% of All Income Taxes Collected
The vast majority of Americans' income taxes are now being swallowed up just to pay interest on the country's national debt, new numbers show. Read More.
