Articles
The Chairman’s Report November 12, 2021
The Merriam Webster Dictionary defines crony capitalism as: an economic system in which individuals and businesses with political connections and influence are favored (as through tax breaks, grants, and other forms of government assistance) in ways seen as suppressing open competition in a free market.
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Inflation rose to 6.2% in October, the highest annual rate in 30 years
Consumer prices rose to 6.2% in the year ending October, the Department of Labor reported Wednesday, the highest rate of inflation in 30 years. Read More.
Independence Institute submits signatures for Colorado initiative targeting the 2022 ballot to lower the state income tax rate
On Oct. 29, 2021, the Independence Institute of Colorado reported submitting over 216,000 signatures for an initiative targeting the 2022 ballot to decrease the state’s income tax rate from 4.55% to 4.40%. Read More.
Infrastructure Bill To Be Signed By President Biden Includes Tax Provision Concerning To Cryptocurrency Community
On Friday, the House of Representatives passed a $1.2 trillion infrastructure bill in a 228-206 vote, sending the legislation to President Joe Biden for his signature. Read More.
IRS Announces Higher 2022 Retirement Account Contribution Limits For 401(k)s, Not IRAs
Inflation means you can—and probably should—contribute more to your workplace retirement account in 2022. Read More.
Democrats have no intention of making the rich pay their 'fair share'
For all their talk about raising taxes on the top 1% and forcing the wealthy to pay its “fair share,” Democrats have absolutely no intention of doing either. Read More.
Buttigieg: We’d Be ‘Closer to’ Wealthy Paying Fair Share with 50% Top Tax Rate
On Saturday’s broadcast of the Fox News Channel’s “Cavuto Live,” Transportation Secretary Pete Buttigieg said that top income earners would be paying “closer to” their fair share of taxes if their tax rate is raised to 50%. Read More.
The Grassroots Corner November 8, 2021
🇺🇸 The Grassroots Corner - Week Beginning 11/08/21: “Messing With Roth IRA's” Read More.
OSHA vaccine mandate to hit large employers Jan. 4, with hefty fines for noncompliance
OSHA rule is expected to be immediately challenged in court by Republican states and some business groups Read More.
The Chairman’s Report November 5, 2021
The problems at the IRS are rooted in the Internal Revenue Code itself. The very nature of the IRC makes it difficult to enforce without infringing on the basic freedoms that most Americans cherish. Read More.
Elon Musk Is The First Person Worth More Than $300 Billion
After adding tens of billions to his net worth on Monday, Elon Musk has become the first person with more than $300 billion to his name. Read More.
California city considers offering highest minimum wage in the nation: 'Can't survive it'
Another California city, Emeryville, currently has the highest minimum wage in US Read More.
IRS warns: Deferred payroll taxes due in December
The Internal Revenue Service is sending notices to taxpayers who deferred their Social Security taxes last year, warning them that half the taxes will be due by the end of this year.
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Oil falls after China releases reserves of gasoline, diesel
China released reserves of the two fuels to increase market supply and support price stability Read More.
Biden administration considering giving $450,000 per person to immigrants separated at the border
There are still 1,727 children who have not been reunited with their families since being separated under the Trump administration’s zero tolerance policy. Read More.
