Chairman Reports

Peter Morici is Professor Emeritus at the University of Maryland and is recognized as an expert on economic policy and international economics.  He has often appeared on CNN, CBS, BBC, Fox, ABC, CNBC, NPR and NPB. Read More.

While many in the media were praising President Biden’s speech to Congress about his plans to spend as much as $6 trillion dollars in the next few years, Dr. Douglas Holtz-Eaton, the director of the Congressional Budget Office from 2003 to 2005, wrote an article entitled, The Fine Art of Making Things Add Up.  Read More.

When it comes to investing, it's not just how much you make that matters—it’s how much you keep after taxes.  Read More.

Like the lady above whose smartphone is being stolen from her purse, we are all being victimized by thieves.  Just who are these thieves?  They are the ever-growing number of people who are illegally evading their income taxes. Read More.

The reason for the obvious lack of enthusiasm shown by Congress, the D.C. think tanks and the media is that the people to whom they answer, the Ruling Class, see the FAIRtax for what it is—a huge transfer of power and money from D.C. to the citizens. Read More.

In many languages and over hundreds of years, people have agreed that the way to tell if politicians are lying is to see if their lips are moving. Read More.

Most of us recall how we felt when we were kids and started to make our own money. Read More.

The FAIRtax has always been a remarkable thing. But now, nearly 30 years after its creation, our appreciation of just how remarkable it is continues to grow. Read More.

It is a fact that the federal income tax allows the Swamp and Congress to make huge profits from groups seeking to protect, expand and achieve income tax benefits. Read More.

The FAIRtax is a non-partisan issue. Because of the benefits to lower income citizens and the economic growth it will bring, it is legislation that both parties—if they were really interested in their constituencies and not their own power, would endorse. Read More.

Another unnecessary “war” caused by the federal income tax is starting to heat up in the United States. Read More.

Every day new releases from President Biden and his administration indicate that more regulation is needed to “protect” people. One of the areas that is going to get more attention is the rapidly increasing amount of federal income/payroll tax evasion. Read More.

For many years, the IRS audit rate has been falling, and in 2019, the individual audit rate was down to just 0.45% of returns. Read More.

The national minimum wage was first mandated by the Fair Labor Standards Act in 1938. This federal law provided for not only the minimum wage but also overtime pay. Read More.

The national minimum wage was first mandated by the Fair Labor Standards Act in 1938. This federal law provided for not only the minimum wage but also overtime pay. Read More.