Pros and Cons of the Fair Tax Act
Let’s start out by examining what the Fair Tax Act is. The Fair Tax Act is a tax designed to replace all federal income taxes. The plan was created by Americans for Fair Taxation, an advocacy group formed to change the tax system, this group states that, together with economists, it developed the plan and the name “Fair Tax”, based on the desires of the general public. Read More.
White House denies Biden is at fault for inflation
Officials argued that an expected move by Biden to forgive student debt would only barely raise inflation Read More.
The Grassroots Corner May 30, 2022
The Grassroots Corner - Week Beginning 5/30/22: “Meet FAIRtax Candidate John Barker ” Read More.
IRS Is Raising Interest Rates July 1 — What Does That Mean for You?
The IRS announced on May 20 that it would be raising interest rates beginning July 1, 2022. The interest rate increase would apply to overpayments and underpayments of quarterly taxes. Generally speaking, these changes typically apply to corporations, 1099 independent contractors and self-employed people who have to pay quarterly estimated taxes. Interest rates are calculated quarterly based on the federal short-term rate. Read More.
GOP plan for ‘once-in-a-lifetime opportunity’ to cut NJ taxes
TRENTON – Assembly Republicans want to cut income taxes as part of the new state budget, part of a four-pronged plan for responding to an unprecedented surge in state revenues and surplus. Read More.
The Chairman’s Report May 27, 2022
"Cancel Culture and the FAIRtax" - Cancel culture is a cruel and ugly phenomenon that has stormed into American society and entwined itself into the very fabric of our lives.  Cancel culture has been defined in varying ways, including, as quoted in a May 19, 2021 Pew Research Center analysis, trying to silence someone that does not have the same belief as you.  Read More.
Stocks Dump, Bonds & Bullion Jump After Dismal Data
Following the cataclysmic drop in new home sales, notably weak PMIs, and ugly Richmond Fed data, reality is starting to bite this morning as 'real' economic data confirms the apparent collapse in ad-spend that Snap's warning signals. Read More.
President Biden seems to praise high gas prices as 'incredible transition' Americans must go through
The record-high national average for a gallon of regular gas is $4.56, and is much higher in some states Read More.
Biden considers tapping emergency diesel reserve with prices near record high
White House: Tapping diesel reserve may not reduce prices, but could help to prevent spot outages Read More.
Americans Have Lost $20 Trillion Since The Start Of 2022
Citing estimates from JPMorgan, over the weekend Bloomberg wrote that courtesy of a Biden administration terrified of what soaring inflation will mean for the Democrats in the midterms, and a Fed that is determine to do anything - even crash the market and spark a recession - to do Joe Biden's "kill inflation" bidding, the US faces a new scary threat: a plunge in wealth which JPM estimates at least $5 trillion, and could reach $9 trillion by year-end. Read More.
The Grassroots Corner May 23, 2022
Gas Prices Reach Another New All-Time Record High at $4.593/Gallon — 11th Straight All-Time Record High in 11 Days
Gas prices reached $4.59 on Friday. This was a new all-time record high for gas prices in America. It was the 11th straight day of all-time record high gas prices. Read More.
Democrats' latest phony inflation scapegoat: Credit cards
In this administration, it’s always someone else’s fault. Inflation is now the No. 1 concern of voters, so the White House first blamed COVID. Then Trump’s tax cuts. Then Putin. Then meatpackers and the poultry industry, Big Oil, and pharmaceutical companies. Read More.
The Chairman’s Report May 20, 2022
"The Tax Foundation Is Advocating Sales Tax!" - The Surprising Regressivity of Grocery Tax Exemptions is the title of a study written by Jared Walczak for the Tax Foundation.  Here are some of the findings: Read More.

Get latest news delivered daily!

We will send you breaking news right to your inbox