Articles

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The Chairman’s Report March 24, 2023
In a Senate Finance Committee hearing in October of 2021, then IRS Commissioner Rettig admitted that the U.S. is losing $1 trillion a year in unpaid taxes. Since the total tax receipts for 2021 were $4.05 trillion, this means that $5 trillion should have been collected. That calculates out to an evasion rate of 20%. Read More.
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Here's how to report 2022 crypto losses on your tax return
If you’re still recovering from last year’s crypto losses, it may be possible to score a tax break on your 2022 return. Here's what to know before filing. Read More.
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Paychecks may soon be adjusted following West Virginia tax cuts
The reduced withholdings and estimated tax payments are projected to return $595 million dollars to West Virginians in calendar year 2023, according to the administration. Read More.
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New York lawmakers eye streaming tax, delivery fee
New Yorkers could be facing a tax on digital subscription streaming media services for music, TV and audiobooks as well as a fee for delivery services in order to raise money for mass transit under measures contained in a budget proposal being advanced Thursday in the state Assembly. Read More.
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Illinois mother unable to claim son on taxes as government claims he's dead
Illinois resident Eboney McDaniel said her tax filing to the IRS each year gets rejected as the federal government insists her son is dead — even though he is not. Read More.
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The Grassroots Corner March 20, 2023
The Grassroots Corner - Week Beginning 3/20/23: “Advisory Board” Read More.
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The Chairman’s Report March 17, 2023
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. Read More.
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Biden’s $5 trillion tax gambit catches Congress by surprise
President Biden went big in his $6.8 trillion annual budget proposal to Congress by calling for $5 trillion in tax increases over the next decade, more than what lawmakers expected after the president downplayed his tax agenda in earlier meetings. Read More.
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Montana governor signs $1 billion Republican tax cut package
Flanked by dozens of Republican lawmakers on the steps of the state Capitol, Gov. Greg Gianforte signed a tax cut, rebate and spending package totalling more than $1 billion Monday. Read More.
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U.S. Treasury Department Proposes 30% Excise Tax on Crypto Mining Firms
President Joe Biden unveiled his 2023 budget proposal on Thursday. Read More.
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Biden to propose 25% billionaire tax
The Biden administration is set to propose a series of tax increases for wealthy Americans and large corporations, Bloomberg first reported and Axios has confirmed. Read More.
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In Biden’s Tax-the-Rich Budget, Capital-Gains Rates Near 45%
President Joe Biden is proposing a series of tax increases on investors and top-earning Americans in his annual budget request to Congress. Read More.
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Massachusetts online sports betting begins, expected to bring in $60 million in taxes a year
Massachusetts sports fans raced to their cellphones Friday to begin placing bets as the state allowed online sports wagering just days ahead of tip-off of the NCAA Tournament next week. Read More.
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The Grassroots Corner March 13, 2023
The Grassroots Corner - Week Beginning 3/13/23: “Louis Phillipine responds to our Call to Action” Read More.
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The Chairman’s Report March 10, 2023
The FAIRtax Act can benefit all Americans Read More.

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