Current News

image
IRS releases guidance for Trump's 'no tax on tips' and overtime deductions: What to know
The IRS released new guidance for no tax on tips and overtime deductions under the One Big Beautiful Bill Act. Eligible workers can claim up to $25,000 for tips and $12,500 for overtime. Read More.
image
Musk says AI and robotics are 'only' things that can solve massive US debt crisis
Elon Musk claims AI and robotics are the only solution to America's $38 trillion debt crisis, predicting dramatic economic changes within three years. Read More.
image
Tariffs have surprising effect on unemployment and inflation patterns, Fed analysis reveals
The San Francisco Federal Reserve warns that current tariffs are "unprecedented in magnitude" compared to 40 years of trade data, making economic predictions uncertain. Read More.
image
Homebuyers score record discounts as sellers slash prices nationwide
Housing market sees major price cuts in expensive cities like San Jose and Los Angeles, while affordable markets maintain steady demand and stability, a new report found. Read More.
image
The Grassroots Corner December 1st, 2025
CALL TO ACTION: TRUMP TEASES ELIMINATING THE INCOME TAX - ACT NOW! In a Thanksgiving message delivered from his Mar-a-Lago estate in Florida, President Trump again teased eliminating income taxes through tariffs, and we need you to act. Read More.
image
Trump's $2K tariff dividends could carry a hefty price tag
Trump's $2,000 tariff dividend plan could cost $600 billion annually, far exceeding current tariff revenues of $300 billion per year, budget watchdog warns. Read More.
image
Voters express economic worries over inflation as costs rise, Fox News poll finds
A Fox News poll shows 76% of voters view the economy negatively, with 61% disapproving of President Donald Trump's economic handling amid rising costs. Read More.
image
The Chairman’s Report November 27th, 2025
FROM ALL OF US AT AMERICANS FOR FAIR TAXATION! (Look in the Fireplace Please) Read More.
image
Middle-income Americans pessimistic about their financial future amid persistent inflation, analysis shows
Study reveals only 21% of middle-income Americans expect better finances next year, down from 33% in 2020, as inflation creates widespread pessimism. Read More.
image
National Debt Tracker: American taxpayers (you) are now on the hook for $38,326,967,559,564.53 as of 11/21/25
The United States' national debt is on track to double over the next three decades amid a rush of spending by the White House and Congress. Read More.
image
The Chairman’s Report November 21st, 2025
The FAIRtax- Keeping your entire paycheck This week’s Chairman’s Report is written by Jade Walle. A practicing CPA is on the American For Fair Taxation board of directors. Read More.
image
IRS reveals updated retirement contribution limits for 2026
New retirement plan contribution limits announced by the IRS for 2026 include higher 401(k), IRA and catch-up contribution amounts for enhanced retirement planning. Read More.
image
JD Vance: Young Americans Can’t Afford Homes Because Joe Biden Flooded the Country with Millions of Illegal Aliens
JD Vance says that mass immigration under former President Joe Biden significantly skyrocketed the cost of rent and home prices.  Read More.
image
The Grassroots Corner November 24th, 2025
HAPPY THANKSGIVING Everyone enjoys this famous painting by Norman Rockwell that captures the spirit of the Thanksgiving Holiday in America. Read More.
image
Mortgage rates tick higher for second straight week
The average rate on the 30-year fixed mortgage rose this week to 6.24%, according to the latest Freddie Mac data released on Thursday. That is up from last week's reading of 6.22%. Read More.