Current News

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Trump to Unveil Plan Allowing 401(k) Withdrawals for Home Down Payments
President Donald Trump will announce a plan next week allowing Americans to use funds from their 401(k) retirement accounts for home down payments, | Economy Read More.
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AI raises average wages by 21% and substantially reduces' wage inequality, researchers find
Artificial intelligence "substantially reduces wage inequality while raising average wages by 21 percent," a new working paper published this week says. Read More.
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Trump takes aim at prescription drug 'middlemen' with new healthcare plan
President Donald Trump said he plans to eliminate pharmacy benefit manager kickbacks to lower drug prices and insurance premiums for Americans under his new healthcare plan. Read More.
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New tax deduction could put more money back in seniors’ pockets this year
Seniors could keep more money with new tax break phasing in for 2025 returns. The extra deduction helps lower- and middle-income retirees facing rising costs. Read More.
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The Grassroots Corner January 19th, 2026
THE FAIRTAX: THE EQUALIZER Today’s Grassroots Corner comes from FAIRtax supporter Ben Mathes, who analyses the FAIRtax effect on America’s trade balance. Read More.
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IRS announces start date of 2026 tax filing season: what to know
IRS announces 2026 tax filing season begins Jan. 26, with Free File program starting Jan. 9 for taxpayers earning $84,000 or less, while taxpayers have a April 15 deadline. Read More.
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Friendly reminder: Sentiment affects bond markets, too.
As we have noted, sentiment has warmed. There are myriad ways to see this, but one ummm … emerged … in financial coverage this week that we think is worth highlighting. Read More.
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The Chairman’s Report January 16th, 2026
What is a national consumption tax? How it differs from income tax. This is the title of an article that appeared in USA Today on January 4, 2026. Read More.
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US economy added 50K jobs in December as unemployment rate declines
The Labor Department released the December jobs report, which showed the U.S. economy added jobs at a modest pace to close out 2025 amid economic uncertainty. Read More.
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Bessent Says Trump Tariffs And Tax Cuts Powered a ‘Historic Turnaround’
Speaking to business leaders at the Economic Club of Minnesota, Bessent laid out a vision of an economy revitalized by strategic government intervention in trade, sweeping changes to the tax code, and a sharp pivot away from regulations he said had stifled entrepreneurship and innovation. | Economy Read More.
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The Chairman’s Report January 9th, 2026
PASS THE FAIRTAX, SAVE SOCIAL SECURITY AND REDUCE THE NATIONAL DEBT Politicians make promises but the FAIRtax will fully fund Social Security and reduce the national debt. Read More.
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IRS guidance for Trump's 'no tax on tips' and overtime deductions: What to know
Workers can deduct up to $25K in tips and over $12K in overtime pay under new tax law provisions Read More.
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Americans surge toward financial resolutions for 2026 amid household budget concerns
Nearly three-quarters dealt with financial setbacks last year, driving focus on emergency funds Read More.
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The Grassroots Corner January 12th, 2026
BACK TO ORANGE PARK, FLORIDA With most of us dealing with freezing temperatures and snow in the dead of winter... Read More.
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Oil and gas prices expected to stay significantly lower through 2026
EIA forecasts Brent crude will fall from $69 to $55 per barrel while US oil production remains steady Read More.