Articles
The Grassroots Corner April 18, 2022
The Grassroots Corner - Week Beginning 4/18/22: “Tax Software” Read More.
Chaotic IRS Filing Season Shows the Perils of Running Social Policy Through the Tax Code
As the deadline for the 2022 tax filing season nears, the IRS faces scrutiny for its backlog of returns, inaccessible taxpayer service, and delays in issuing certain refunds. Read More.
The Chairman’s Report April 15, 2022
This Should Be The last April 15th Tax filing Day We Have To Endure!
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Gov. Kelly calls for full food tax cut ‘now,’ pushes back at GOP plan
TOPEKA, (KSNT)— Kansas Governor Laura Kelly led another push to get her “Axe the Food Tax” planpassed this year.
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Georgia Makes Strides Toward Tax Competitiveness
After several rounds of negotiations, Georgia lawmakers enacted HB 1437 on April 4th. If certain financial conditions are met, this tax reform bill will consolidate the state’s six individual income tax brackets into one flat rate, ultimately reaching 4.99 percent over a number of years. The bill is awaiting action by the governor.
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Joe Biden’s ill-considered billionaire tax
The White House needs to be more ambitious and less gimmicky Read More.
China's inflation tops forecasts as supply pressures worsen
China's producer price index increased 8.3% year-on-year Read More.
Recession Risk Is Rising, Economists Say
Forecasters raise probability of economic contraction in next 12 months to 28% as Fed tightens to beat back inflation Read More.
The Grassroots Corner April 11, 2022
The Grassroots Corner - Week Beginning 4/11/22: “Advisory Board” Read More.
Major state tax reduction bill approved by Legislature
After months of formulating a tax reduction package and weeks of argument over how it should be shaped, the Legislature on Thursday gave 43-0 final approval to a major tax cut bill that will sharply reduce future anticipated state revenue.
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The Chairman’s Report April 8, 2022
"A Simple Way to Present the FAIRtax " - DON’T READ FURTHER IF YOU BELIEVE THAT IT IS OK FOR THE GOVERNMENT TO HAVE ACCESS TO ALL AREAS OF YOUR FINANCIAL LIFE.
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Biden extends student loan repayment pause until Aug. 31, saying US 'still recovering' from COVID-19
Biden says 'millions of student loan borrowers would face significant economic hardship' if loan repayments restarted today Read More.
Consumption tax proposal falls short in Legislature
Sen. Steve Erdman's effort to call for a vote of the people on a proposed constitutional amendment to repeal the state income tax, the state sales tax and local property taxes while creating a new consumption tax to support state and local government failed to clear its first floor hurdle in the Legislature on Tuesday and disappeared from the agenda.
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Lightfoot Abandons Gas Tx Cut for Gas, Transit Card Lottery
Mayor Lori Lightfoot walked back her proposal to lift Chicago’s 3-cent gas tax March 31 amid record prices at the pump. Instead, she said the city will offer gas and Ventra cards to residents.
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The Fed’s preferred inflation gauge rose 5.4% in February, the highest since 1983
The Federal Reserve’s favorite inflation measure showed intensifying price pressures in February, rising to its highest annual level since 1983, the Commerce Department reported Thursday.
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