Chairman Reports

States with high taxes aren’t happy about the recent tax cuts. Why? Because their taxes are too high. So who to blame? The federal government who cut taxes, of course. Read More.

A Wall Street Journal article entitled “For U.S. Farmers, China Tariffs’ Timing Is Brutal” that was published on March 26, 2018 discusses at length the possible adverse effects on farmers if there is a trade war with China. Read More.

Over the years, I have met and often been on panels with many economists—some Nobel Prize-winning economists. Almost all these men and women were personable and treated me with reasonable deference as they dismissed my arguments about the advantages of the FAIRtax over the present income/payroll tax system. Read More.

Some critics of the FAIRtax assert that purchasing homes will be much more difficult for working Americans. They point to the fact that new homes, like other retail products, will be subject to the FAIRtax… Read More.

As the years pass, many of us find that some physical things are not as easy as they used to be. For some, there is new meaning to Sonny Steele’s (played by Robert Redford) statement to Hallie Martin (played by Jane Fonda) in the movie Electric Horseman, “Some parts wake up faster than others.” Read More.

Many pundits and spokespeople for the Swamp (they are often the same) shrilly denounce the recent income tax plan because it “unfairly” limits the state and local tax deduction to $10,000. Discounting that most of these spokespeople and members of the Swamp live in states with high state and local taxes, the argument seems to be that all of the residents of the other states should “subsidize” the state tax burden paid by the people who elect to reside in states with high state and local taxes. Read More.

What is the FAIRtax? And, just as importantly, what ISN’T the FAIRtax? With tax day looming, get the real story here. Read on. Read More.

The Florida political attacks on the FAIRtax haven’t stopped, and as Benjamin Franklin said, “Half a truth is often a great lie.” It’s time to separate fact from fiction. 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.

The Death Tax or Estate Tax is eliminated by the FAIRtax. As we all know, the Death Tax is levied on the assets accumulated by people during their lifetime when they pass away. It is attacked by some as a tax on success and it is pointed out that in most cases the accumulated assets were already taxed numerous times. Read More.

In the movie, All The President’s Men, Hal Holbrook was playing “Deep Throat” and famously said, “Follow the Money.” Interestingly enough this was not in the Woodward and Bernstein book but added by the screenplay writer. Read More.

A lesson for the swamp, from Abraham Lincoln: You can’t fool all the people all the time. But they’re trying. Read on. Read More.

When I started to read the final tax bill that was signed by the President, I recalled a statement by Abraham Lincoln when a reporter asked him about the losses his party suffered in the mid-term elections. Lincoln said about the boy who stubbed his toe, “I am too big to cry but it hurts too much to laugh.” Read More.

Citizens or subjects? You might be surprised to learn how America’s tax system defines you… Read More.

To a person who uses the logic of someone who works for a living and lives outside of the Swamp, any legitimate tax bill that seeks to reform the existing broken income/payroll tax system would eliminate tax extenders. Tax extenders are special tax benefits that have to be renewed, usually in one to three years, or they expire. The Swamp loves these tax extenders because then they can extort the beneficiaries for a continuing flow of funds in order that the Swamp can influence Congress to extend it over and over again. Read More.