Current News
Fed's favored inflation gauge shows consumer prices ticked slightly higher in May
The Commerce Department released the PCE inflation report for May which found the Federal Reserve's favored inflation gauge ticked slightly higher to 2.3%. Read More.
NYT: Democrats Once Jeered Hollywood Tax Breaks; Now Beg for Them
Democrats once jeered tax breaks for Hollywood from Republican Gov. Arnold Schwarzenegger, but now plead for them from Gov. Gavin Newsom (D). Read More.
Senate Big Beautiful Bill Offers Full Expensing for U.S. Factories, Energy Projects Through 2026
Businesses will be able to immediately deduct 100 percent of the cost of new “qualified production property," including newly built American factories. Read More.
US economy shrank 0.5% in the first quarter of 2025 amid tariff uncertainty
Economists expected GDP to contract at a 0.2% rate...
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The Grassroots Corner June 30th, 2025
TRUMP’S NEW FAIRTAX: THE CROSSROADS OF BLACK ECONOMIC REVIVAL OR COLLAPSE
Today’s Grassroots Corner is an article from Damon K. Jones in Black Westchester (Westchester County, New York). Read More.
The Chairman’s Report June 27th, 2025
FAIRtax- It is Big and it is Beautiful!
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.
Exclusive – Rep. Ashley Hinson: Trump’s Big, Beautiful Bill ‘Going to Save America’
Rep. Ashley Hinson (R-IA) praised President Donald Trump’s big, beautiful bill and predicted Congress will send it to his desk soon. Read More.
Nearly one-third of $36T national debt needs refinancing as Trump demands rate cuts
National debt interest payments have surged 34% to nearly $1T, exceeding defense and Medicare budgets. Read More.
Social Security trust fund now projected to run dry in 2034, triggering massive benefit cuts
Trustees warn benefits will face automatic 19% cut by 2034 as aging population strains system.
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Deficits from 'big beautiful bill' to rise nearly $2.8T under new dynamic estimate: CBO
The CBO estimated that the lower marginal tax rates on income would increase the labor supply by 0.6% over the next decade. Read More.
The Chairman’s Report June 20th, 2025
Mr. President, It’s Time To End The IRS “License to Hunt”
This is the title of a recent article in Forbes Magazine written by Steve Forbes. Here are some of the points made in the article: Read More.
Vance echoes Trump's call for Fed's Powell to cut interest rates: 'Monetary malpractice'
Trump, in a separate post Monday, called for a full-point interest rate cut...
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Let's Abolish Corporate Tax Refunds For Taxes Never Paid
As a former economist for both the U.S. Treasury’s Office of Tax Analysis and the Senate Finance Committee, I have seen plenty of inane tax policy, but the fact that the U.S. government mails ch Read More.
The Grassroots Corner June 23rd, 2025
HOSTILE ARGUMENT: THE FAIRTAX WILL ADD TO STATE SALES TAXES
Today’s Grassroots Corner continues a series on how to respond to attacks and criticisms of the FAIRtax. Read More.
A pro-family tax code is a pro-America tax code
The greatest joy in life is having children. Many in the developed world have drifted from this core ... Read More.
