Articles
IRS grants religious group tax-exempt status after backlash, Congressional heat
The Internal Revenue Service (IRS) has reversed its decision to exclude a Christian organization from tax benefits. Read More.
The Chairman’s Report July 23, 2021
This bias against Republicans by not just the IRS bureaucrats but most federal bureaucrats is well-known. However, most of these bureaucrats do not publicly admit their bias like Stephen A. Martin, the director of the IRS Office of Exempt Organizations Rulings and Agreements.
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Some charity donors may score a bigger write-off with retirement account funds
The pandemic sparked charitable giving among wealthy families, and some who are eager to give more may score a bigger 2021 write-off by leveraging money from pretax retirement accounts. Read More.
Disney to get $1.3M refund after settling extended tax dispute
'There was a breakdown in communication.' Read More.
Jeff Bezos Successfully Takes Off On Blue Origin’s First Crewed Spaceflight
The world’s richest man’s ten-minute flight took him and three others over 100km above the Earth’s surface in a crucial milestone for the 21-year-old space company. Read More.
Prices are soaring and Americans aren’t happy about it. Don’t worry, says the Fed.
Americans aren’t happy about higher inflation and how much it’s costing them — but not to worry, the Federal Reserve says. Read More.
Wall Street’s New Fear Is That the Economy Has Already Peaked
Investment strategists are starting to consider a new bearish scenario: the economy has already hit its speed limit. Read More.
Stocks tumble as virus spread quickens, oil hits $67 level
Oil tumbles as OPEC, allies reach deal to raise production Read More.
Another College Cancels Student Debt
Another college has cancelled student debt. Read More.
The Grassroots Corner July 19, 2021
🇺🇸 The Grassroots Corner - Week Beginning 7/19/21: “Remembering Larry Walters” Read More.
EU puts on hold plans for digital tax
The European Union (EU) has ‘put on hold’ plans for a digital tax on technology giants like Amazon, Facebook and Google. The decision reportedly follows pressure from the United States, which believes the EU's levy has been made redundant by a separate agreement to reform the global tax system. The EU-wide tax plan is part of a bid to boost financial resources and pay for the post-COVID-19 recovery. Read More.
California legislature approves nation's first state-funded guaranteed income program
Gov. Gavin Newsom is expected to sign the bill Read More.
Mortgage rates experience ‘summer swoon’ as Fed maintains status quo
Benchmark mortgage rates continued their downward trajectory over the past week, following Federal Reserve Chair Jerome Powell’s indications to lawmakers that the central bank wasn’t changing up its strategy anytime soon. Read More.
The Chairman’s Report July 16, 2021
Dyane’s story is very upsetting and if you saw it in movie you would not believe that it was even logical. After all, how could the government be this careless and vindictive—and why?
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ProPublica Doesn't Get the Tax Code, So Stirs Up Non-Existent Problems
Progressive news organization ProPublica has made a great deal of hay recently by pretending that public, widely-known, and intentional elements of the tax code are secret loopholes for the rich. Read More.
