Current News
Klarna’s Losses Double as More ‘Buy Now, Pay Later’ Customers Skip Paying Loans Back
Buy now, pay later giant Klarna suffered a doubling of net losses in the first quarter as an increasing number of customers failed to pay back their loan installments. Read More.
The Chairman’s Report May 30th, 2025
FAIRtax and the Spending Equilibrium
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.
What will no taxes on tips cost in foregone tax revenue?
Economists, watchdogs criticize bipartisan measure as 'egregious' deficit spending ahead of broader tax package
Read More.
Mortgage rates rise to highest level since mid-February
Average rate on the benchmark 30-year fixed mortgage rose to 6.86%, says Freddie Mac
Read More.
The Chairman’s Report May 23rd, 2025
The IRS Is Like the Scorpion on the Turtle
Many of us are familiar with the fable about the scorpion and the turtle.
Read More.
White House: Not Passing Budget Bill Could Strip Millions of Americans of Their Health Insurance
Nearly 10 million Americans could be without health insurance if the “big beautiful bill" does not pass, the White House warned Saturday. Read More.
Trump Administration Lays Out Five Reasons to Back ‘One Big Beautiful Bill’
The White House is pointing to 5 reasons it believes lawmakers should support the "One Big Beautiful Bill," which is headlined by tax cuts. Read More.
The Grassroots Corner May 26th, 2025
A DAY ON THE HILL
Recently, our Virginia State Leader, Jake Buscher of Waynesboro, and Jim Bennett attended five meetings on Capitol Hill, three of which grew from constituents in the Congress Members’ districts. Read More.
The pope took a vow of poverty. He may still need to file US taxes.
The first American pontiff has special circumstances but may want to file a return even if he doesn’t owe anything
Read More.
Moody's downgrades US credit rating over rising debt
US credit rating downgraded one notch from pristine Aaa to Aa1
Read More.
The Grassroots Corner May 19th, 2025
DAVE ARMSTRONG SHOWS US HOW TO GET SPONSORS
It’s FAIRtax volunteers like Indiana’s Dave Armstrong that are going to get the FAIRtax over the finish line. Read More.
Trump is already playing with fire with his tariff plan— adding a tax hike could mean GOP civil war
Donald Trump was already playing with economic fire with his tariff plan, something that is all but certain to stoke some degree of inflation, and slow the economy at least in the short term. Read More.
US, China announce reduced tariffs for 90 days after trade talks
Both the US and China agreed to take action on reducing tariffs by Wednesday
Read More.
The Chairman’s Report May 16th, 2025
FAIRtax: Government Spending and the FAIRtax
The FAIRtax is a platform to collect the nation’s treasury receipts, just as the income and payroll tax system is a tax collection platform. Read More.
Ending Municipal Bond Tax Exemption Would Be Bad for U.S. Cities
Municipal bonds have been the principal engine for building and modernizing America’s infrastructure for more than 150 years. They have supported the development of roads, bridges, airports, wat Read More.
