Current News

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US layoffs soar past 1.1M in 2025, highest level since the pandemic
November layoffs dropped 53% from last month but rose 24% yearly, pushing 2025 job cuts to levels not seen since COVID-19 pandemic struck the American workforce. Read More.
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Home delistings surge as sellers struggle to get their price
Home sellers pull listings at record rates in 2025 as housing market stagnates nationwide. Delistings are up 45% with buyers and sellers far apart on pricing expectations. Read More.
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Fed's favored inflation gauge shows consumer prices remained elevated in September
The Commerce Department's delayed September PCE inflation report showed that inflation remained well above the Federal Reserve's 2% target ahead of a central bank decision next week. Read More.
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Trump calls on tractor companies to lower prices, plans to ease environmental restrictions on equipment makers
President Donald Trump announced plans to cut farming equipment costs by removing environmental regulations on manufacturers like John Deere to help farmers nationwide. Read More.
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The Chairman’s Report December 5th, 2025
WHAT HAPPENS WHEN THE FAIRTAX MAKES THE U.S. THE WORLD’S BEST TAX HAVEN? U.S. taxpayers know that the FAIRtax eliminates the income/payroll tax and replaces it with a national retail sales tax. Read More.
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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.
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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.
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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.
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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.
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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.
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The Grassroots Corner December 8th, 2025
STEVE MOORE CALLS FOR STATES TO END THEIR INCOME TAXES Economist Steve Moore is a member of our FAIRtax Board of Advisors. Read More.
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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.
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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.
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The Chairman’s Report November 27th, 2025
FROM ALL OF US AT AMERICANS FOR FAIR TAXATION! (Look in the Fireplace Please) Read More.
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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.