Articles

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Under Pressure From Congress IRS Offers Taxpayers Limited Relief, Advocacy Coalition Pushes Back
On Wednesday, January 26, 2022, a bi-partisan group of nearly 200 members of the U.S. House sent a letter to Treasury Secretary Janet Yellen requesting relief for taxpayers in light of “unprecedented challenges” being faced by the Internal Revenue Service. Read More.
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Ames representatives give preview of 2022 as Iowa’s Legislature begins its new session
After the start of a new legislative session, Ames' representatives shared their plans for the new session as well as their thoughts on policies that have already been proposed. Read More.
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The Grassroots Corner January 31, 2022
🇺🇸 The Grassroots Corner - Week Beginning 01/31/22: “Jeanne Seaver, Lieutenant Governor Candidate in Georgia, Calls for a Georgia FAIRtax” Read More.
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South Carolina Lawmaker Proposes Cutting State Income Tax In Half, Eliminating Income Tax For Businesses
An Upstate lawmaker has filed a bill that would cut the state income tax in half and eliminate income tax for businesses. Read More.
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Speaker says House GOP’s tax plan is simple, sustainable
House Republicans have released a tax plan that uses the governor’s outline for lowering the state income tax to a single rate of four percent and making retirement income tax exempt. Read More.
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The Chairman’s Report January 28, 2022
Too often we neglect to check in with our history and wise elders of the past as it relates to solving today’s problems.  Today we will focus in on the U.S. income and payroll tax system relative to the wisdom offered by some figures from our past. Read More.
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Fed likely to pave the way for March rate hike at key meeting this week
Economists expect the Fed to raise rates four times this year Read More.
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Fintech’s Fraud Problem: Why Some Merchants Are Shunning Digital Bank Cards
During the pandemic, startups like Chime have posted astounding growth in users and valuations. So why are some car rental companies, hotels and other big vendors wary? Read More.
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Bitcoin, Ether Plummet To 6-Month Lows As Crypto Crash Wipes Hundreds Of Billions Off Market
The prices of bitcoin and ether fell to six-month lows Monday morning, continuing a sell-off of major cryptocurrencies that has dashed more than $1 trillion in value from the market since November. Read More.
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State Sen. Reichman Says Flat-Income Tax Fair For Everyone
Governor Kim Reynolds’ legislative proposal for a flat income tax is being argued as equal, but opponents say it would benefit higher income earners. Read More.
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Oxfam Calls On Govt. To Impose 99% One-Time Tax On Rich
An anti-poverty organization calls for the government to impose a one-time tax on the world’s billionaires to fund COVID-19 vaccines. Read More.
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The Grassroots Corner January 24, 2022
🇺🇸 The Grassroots Corner - Week Beginning 01/24/22: “Social Media Decisions” Read More.
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Top lobbying firms report record-breaking 2021 earnings
Most of the top lobbying firms raked in record revenue last year as K Street worked overtime to influence President Biden’s ambitious agenda, according to new lobbying figures shared with The Hill. Read More.
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‘Good luck! We’ll all need it’: U.S. market approaches end of ‘superbubble,’ says Jeremy Grantham
‘We are in what I think of as the vampire phase of the bull market,’ says GMO co-founder Jeremy Grantham Read More.
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The Chairman’s Report January 21, 2022
In 2017, the Tax Cuts and Jobs Act limited the state and local tax deduction (SALT) to $10,000. In states with high state income and property taxes, this resulted in a significantly higher federal tax bill for many high-end taxpayers. Read More.

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