Chairman Reports

Once upon a time, on July 4th 1776, the U.S.A. was born in a revolution against Read More.

Bernie Sanders is running for President again and some think he will be the nominee. Unlike their opinion of some of the other candidates Read More.

President Trump says he is standing up for America. It’s more sensible to not cause other countries to impose retaliatory tariffs on U.S. imports, when the real solution is so much simpler. Replace this nightmare called our income tax system with The FAIRtax. Read More.

Why Don’t Business Leaders Demand The FAIRtax? A question often asked at public meetings while discussing The FAIRtax is, “Why doesn’t business support The FAIRtax?” Of course, many business owners support The FAIRtax and they are advocates. Logically, there are many reasons why businesses should support The FAIRtax. Read More.

The earned income tax credit (“EITC”) became part of the Internal Revenue Code in the Tax Reduction Act of 1975. Read More.

In an article titled Ending Special Tax Treatment for the Very Wealthy by Alexandra Thornton and Galen Hendricks posted on Center For American Progress, the authors make the argument the very wealthy are not paying their “fair share” of taxes. Read More.

THE CHINA TARIFF DISPUTE—LARGELY UNNECESSARY Read More.

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.

Next week we celebrate the time 242 years ago that the Declaration of Independence was issued. Many Americans believe that the American Revolution was a revolt supported by a large majority of people living in the colonies. This was not true. Instead of overwhelming support, many residents of the colonies were openly against the revolution. These opponents were called Loyalists or Tories. Read More.

Privacy is important to every American. But do you have the privacy you think you do? The IRS may have other thoughts. Read on. Read More.

In 1837, Hans Christian Andersen wrote a fable entitled The Emperor’s New Clothes. The Emperor really didn’t care about his people but only about getting new clothes to show off to the people in his court and to his subjects. 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.

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.

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.