Chairman Reports

The Swamp is confused by the growing unrest about the IRS not providing free filing software to lower income taxpayers. Congress is requiring lower income taxpayers to rely on “free” software provided by tax preparation companies like TurboTax and H&R Block. The Swamp asks, What is the big deal? Read More.

The first federal excise tax on gasoline was one cent when it was first instituted in 1932. Since 1993, it has been 18.4 cents per gallon of gasoline and 24.4 cents per gallon of diesel fuel. It has not been adjusted for the approximately 73% of inflation. This means that it takes $1.73 in today’s dollars to purchase $1.00 of goods in 1993. Read More.

When you hear that the Gross Domestic Product (GDP) is 2.9% or 1.8% you may feel that they are just numbers. In fact, the average person probably only has a vague idea of what makes up the GDP numbers we hear about in the media. Simply put, the annual GDP measures the size of the US economy – it is the market value of all goods and services produced by labor and property within a country in a year. It includes both private and public consumption, investments, government expenditure and net exports. Read More.

There’s a new idea floating around the Senate: Taxing an individual’s wealth, not just their income. Our Chairman, a former tax attorney, discusses this new wealth tax in this week’s Chairman’s Report. Read on! Read More.

All of us know that there are many reasons to pass the FAIRtax and we don’t need to list them here. However, in this the world’s greatest economy we have a growing crisis. According to a national survey conducted online by Harris Poll on behalf of CareerBuilder: Read More.

Income taxes harming American churches? It almost happened. Here’s how we can prevent it from ever happening again. Read on. Read More.

All of us know that there are many reasons to pass the FAIRtax and we don’t need to list them here. However, in this the world’s greatest economy we have a growing crisis. According to a national survey conducted online by Harris Poll on behalf of CareerBuilder: Read More.

Most people in America still believe in the basic principle that to get more of something you should reward it. We know that if children find that they can get what they want by screaming and throwing a tantrum every time someone says no, they will use screaming and tantrums as a way of addressing anything they don’t like… Read More.

Realtors would see a big benefit from the FAIRtax (and so would everyone else). So why aren’t they lobbying in favor of real tax reform? Read More.

After the State of the Union address, we were faced with a fork in America’s path: Do we choose freedom or socialism? This week, Steve Hayes examines this choice and how the FAIRtax might just be the liberty we’re searching for. Read More.

Some call him our greatest President, but how was Lincoln when it came to taxation? Would he have been a FAIRtax ally? Read on. Read More.

What do the Yellow Vests protesting in France have in common with taxation in the United States? It might not be what you think… Read More.

The election is over. What happens next for FAIRtax? Read More.

People in the real estate industry have long championed the Mortgage Interest Deduction (MID). The MID allows a taxpayer to reduce the amount of income subject to the federal income tax by the amount paid in interest on their home mortgage… Read More.

Understanding ‘swamp talk’ isn’t easy. Politicians often say one thing and do another, while families and small businesses pay the price… Read More.