Current News

As Americans prepare to celebrate the Fourth of July, people in highway rest stops and grocery stores across the country this weekend will be feeling the pain of near record-high gas prices and soaring inflation. Read More.

Lawmakers and Gov. Gavin Newsom have finalized a deal to send $9.5 billion back to Californians feeling the crush of $6 gasoline and rising costs for groceries and other products and services. The payments, which could be as much as $1,050 for a family, will not be coming in time for a 4th of July road trip – but they should land before the winter holidays. Read More.

Higher gas taxes will sweep across pumps in several states on July 1 to drive fuel prices even higher. Read More.

Rather than have a picture of fireworks or picnics or other activities usually associated with the 4th of July, it seems that we should remember why many of us have persisted in the effort to replace the federal income tax with a national retail sales tax—the FAIRtax. Read More.

The nationwide average tax on gasoline was 57.09 in January 2022, according to a report by the American Petroleum Institute (API). However, taxes vary significantly between states. Read More.

Illinois residents can look forward to tax breaks at the grocery store and the gas pump starting next month. Read More.

The Grassroots Corner - Week Beginning 7/04/22: “Happy Fourth Of July” Read More.

Inflation has been pushing prices higher, and shoppers are feeling the pressure as they pay more for goods like groceries and gas. Read More.

The Internal Revenue Service has a massive backlog of unprocessed tax returns, delaying refunds for millions, according to a report from the national taxpayer advocate. Read More.

The Supreme Court has been busy the last couple of weeks. In addition to issuing several decisions it granted a writ of certiorari for a case that will determine how penalties apply for non-willful violations of foreign account compliance reporting. But in late May it handed taxpayers with certain types of collections actions before the IRS a big win with its unanimous decision in Boechler, P.C. v. Commissioner of Internal Revenue. Read More.

Ayn Rand’s 1957 larger-than-life novel, Atlas Shrugged, was light years ahead of its time.  Its insights into the human psyche and our role in a larger society and governmental construct are illuminating to this very day, if not even predictive.  As my daughter embarks upon reading this masterful piece of work and penning a scholarship essay on the book this summer, a thought arose. Read More.

Former Republican Sen. Cory Gardner argued Friday when cryptocurrency flourishes, the American people do too, during an interview on "Mornings with Maria." Read More.

President Joe Biden will call on Congress Wednesday to pause the federal gas tax for three month as Americans across the country deal with record-high gas prices. Read More.

The centerpiece for Youngkin is a big increase in the standard deduction for personal income tax. Read More.

Fed Governor Christopher Waller on Saturday backed another 75 basis point hike in July. Read More.