Current News
European, Asian postal services to halt shipments to US after end of de minimis tariff exemption
Postal services across Europe and Asia have paused U.S. deliveries ahead of new Trump administration tariff rules taking effect next Friday, Aug. 29. Read More.
National Debt Tracker: American taxpayers (you) are now on the hook for $37,232,288,662,023.91 as of 8/22/25
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 August 25th, 2025
DAVID MORELLI BRINGS THE FAIRTAX TO ARKANSAS
We introduced our then-new Arkansas State Leader, David Morelli, three years ago. Read More.
US debt tops $37 trillion and the 'big, beautiful bill' allows it rise trillions higher
The One Big Beautiful Bill Act raised the debt limit by $5 trillion, causing concern among fiscal experts as it's projected to add over $3.4 trillion to the national debt over 10 years. Read More.
Mortgage rates fall to lowest level of 2025
The average rate on the 30-year fixed mortgage fell this week to 6.58%, according to the latest Freddie Mac data released on Thursday. That is down from last week's reading of 6.63%. Read More.
The Chairman’s Report August 22nd, 2025
Misrepresenting Adam Smith
Misrepresenting Adam Smith is the name of a Substack article written by Dr. David Friedman. Dr. Friedman’s impressive resume is contained at his web page.
Read More.
Social Security's estimated 2026 cost-of-living adjustment rises amid inflation uptick
The projection for Social Security's 2026 cost-of-living adjustment rose to 2.7% as inflation trends higher, as the program faces insolvency challenges in less than a decade. Read More.
Blue states plan new tax hikes on wealthy residents in response to Trump's federal tax legislation
Several states have raised taxes on wealthy residents to narrow state budget deficits and offset expected declines in federal funding for programs like Medicaid. Read More.
The Grassroots Corner August 18th, 2025
STATES THAT GROW AND SHRINK DUE TO TAXES
Jasmine Laws, writing in the January 8, 2025, issue of Newsweek, surveyed states experiencing the greatest population growth and decline.
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US budget deficit has widened by $109B from a year ago despite influx of tariff revenue
The federal budget deficit increased by $109 billion in first 10 months of fiscal year 2025 despite a $70 billion boost from the Trump administration's tariffs on imported goods. Read More.
Breitbart Business Digest: Trump’s New Chip Tariff Push Finds Support in Surprising Place
President Donald Trump this week said he is planning to impose a 100 percent tariff on imported computer chips unless manufacturers are also investing in U.S. production. Read More.
The Chairman’s Report August 15th, 2025
FAIRtax and the Retail Small Business or Sole Proprietor
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.
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Inflation report drops Tuesday as economists warn prices are going up
The July CPI inflation report will be released on Tuesday with economists expecting prices ticked higher as more tariffs took effect, complicating the Fed's rate cut outlook. Read More.
Trump signs order to open 401(k)s to private markets: What it means for your retirement
President Donald Trump signed an executive order allowing private equity, venture capital and hedge funds in retirement accounts, reversing a Biden administration policy. Read More.
The Grassroots Corner August 11th, 2025
DO THE RICH GET THE MOST IRS AUDITS?
Do you remember how the Inflation Reduction Act of 2022, which passed during the Biden Administration, promised to hire 80,000 new IRS agents to go after the rich and make them pay their fair share of taxes?
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