Current News

Illinois homeowners face a 27% rate hike from State Farm as the insurer cites unsustainable losses. The rate increase is expected to start on Aug. 15. Read More.

SENIORS, TIP RECEIVERS AND OVERTIME RECIPIENTS-- ENJOY THE BENEFITS UNTIL THEY EXPIRE IN 2028 The One Big Beautiful Bill Act (OBBBA), was signed into law by President Donald Trump over the July 4, 2025, weekend. Read More.

Pakistani Foreign Minister Ishaq Dar said his country was "very close" to a trade deal with the U.S., but officials in Washington did not mention any timeline. Read More.

The Federal Reserve's unchecked power and secretive operations have led to billions in payments to banks while operating at a loss. We need more oversight. Read More.

FAIRtax and border security 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.

President Donald Trump on Friday signed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, a substantial crypto-based legislation that sets a light-touch regulatory framework on stablecoin issuance. Read More.

J.P. Morgan warned in a note that Trump's pressure on the Federal Reserve and threats to fire Chair Powell could undercut central bank independence and increase inflation risks. Read More.

ARE LOCAL GOVERNMENTS FORECASTERS OF HOW THE FAIRTAX WOULD WORK ON FOR-PROFIT CORPORATIONS? Are local governments forecasters of how for-profit corporations would behave if we had the FAIRtax? Consider this fact. Read More.

CEOs are importing another 85,000 mixed-skill foreign graduates for U.S. white-collar jobs -- despite high jobless rates for U.S. gradautes. Read More.

Santa Cruz County in deep blue California was named the least affordable U.S. rental market in 2025, requiring $81.21/hour to rent a modest two-bedroom apartment. Read More.

DOES POPE LEO XIV HAVE A PROBLEM WITH THE IRS? The world greeted the first American Pope with excitement when white smoke emerged from the chimney of the Sistine Chapel on May 8, 2025, and Chicago-born Cardinal Robert Francis Prevost became Pope Leo XIV. Read More.

Median property tax bill grew 2.8% to $3,500 in 2024 while Ron DeSantis pushes for elimination in Florida. Read More.

The Trump Administration announced that it will be implementing a 30 percent tariff on all commercial goods that move north of the border. President Donald Trump took the punitive action due to Mexico’s failure to do enough against drug cartels | Border / Cartel Chronicles Read More.

The FAIRtax and reconciliation- How would it play out in Congress? 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.

President Trump warns Canadian Prime Minister Mark Carney of a new 35% tariff on Canadian imports if the country doesn't address fentanyl trafficking and existing trade disputes. Read More.