Our Chairman’s Report this week is written by John Linder. John was the original sponsor and proponent of the FAIRtax and led the fight to keep the bill before Congress. He is extremely gratified that the House has agreed to submit the FAIRtax to an up or down vote in this session.
Rent seeking is an economic concept that very much explains why many in D.C. resist all attempts to replace the income/payroll tax system with an improved, simpler, fairer system—like the FAIRtax.
Roughly 4.4 million people will soon receive checks from TurboTax, following a 50-state settlement with parent company Intuit for allegedly steering millions of low-income Americans away from free tax-filing services. Read More.
Florida lawmakers have negotiated a nearly $1.3 billion tax package for next fiscal year that includes expanding popular shopping sales-tax “holidays,” trimming a commercial lease tax and cutting costs of diapers for babies and adults. Read More.