Current News
Mortgage rates tumble, marking largest weekly drop in a year
The average rate on the 30-year fixed mortgage fell this week to 6.35%, according to the latest Freddie Mac data released on Thursday. That is down from last week's reading of 6.5%. Read More.
Inflation remained stubbornly high in August as Fed weighs rate cuts
The Bureau of Labor Statistics released the August consumer price index (CPI), which showed that inflation remained above the Fed's target ahead of the central bank's rate decision. Read More.
Social Security beneficiaries expected to get bigger cost-of-living-adjustment in 2026
Social Security beneficiaries may receive an estimated 2.7% cost of living adjustment (COLA) in 2026, which would raise average monthly benefits by $54 based on recent inflation data. Read More.
Inflation and Embezzlement
Inflation isn’t just about higher prices. It is how unwarranted increases in the money supply touches off wealth transfers from those who are less-well off to Read More.
The Chairman’s Report September 12th, 2025
The FAIRtax Experiment- Have no Fear!
This week’s Chairman’s Report is written by Jade Walle. A practicing CPA has been on the American For Fair Taxation board of directors. Read More.
US job growth through March revised lower by 911K
The Bureau of Labor Statistics' preliminary benchmark revision showed the U.S. economy added 911,000 fewer jobs than previously reported from April 2024 to March 2025. Read More.
Homeowners’ wealth may be shrinking as price gains lag inflation
Home equity erosion occurs when inflation outpaces home price growth, reducing homeowners' wealth in inflation-adjusted terms when they borrow against their home or sell. Read More.
The Grassroots Corner September 15th, 2025
WILL FLORIDA BECOME A FAIRTAX STATE?
Recently, Florida Governor Ron DeSantis proposed eliminating the property tax in his state. Read More.
Bank of America reports small business hiring down 6.7% year-over-year amid tariff surge
Bank of America Institute data shows small business hiring slowed 6.7% year-over-year as of July as tariff payments by importing firms surged nearly 170% since early this year. Read More.
Americans hit record low confidence in finding new jobs since tracking began in 2013
Data from the New York Federal Reserve showed Americans' confidence in finding new jobs hit a record low of 44.9% in August, the lowest since tracking began in 2013. Read More.
The Chairman’s Report September 5th, 2025
The FAIRtax and rental property ownership
This week’s Chairman’s Report is written by Jade Walle. A practicing CPA has been on the American For Fair Taxation board of directors. Read More.
Mortgage rates fall to 10-month low
The average rate on the 30-year fixed mortgage fell this week to 6.56%, according to the latest Freddie Mac data released on Thursday. That is down from last week's reading of 6.58%. Read More.
National Debt Tracker: American taxpayers (you) are now on the hook for $37,310,153,970,210.76 as of 8/29/25
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.
The Grassroots Corner September 8th, 2025
HOW WE MADE THE SURVEY HAPPEN
In June, we reported the release of a national survey that was largely good news for the FAIRtax. Read More.
Fed's favored inflation gauge shows consumer price pressures remained elevated in July
The Commerce Department released the July PCE inflation report which showed the growth of consumer prices remained elevated as the Federal Reserve considers an interest rate cut. Read More.
