Current News

The Grassroots Corner - Week Beginning 5/30/22: “Meet FAIRtax Candidate John Barker ” Read More.

The IRS announced on May 20 that it would be raising interest rates beginning July 1, 2022. The interest rate increase would apply to overpayments and underpayments of quarterly taxes. Generally speaking, these changes typically apply to corporations, 1099 independent contractors and self-employed people who have to pay quarterly estimated taxes. Interest rates are calculated quarterly based on the federal short-term rate. Read More.

TRENTON – Assembly Republicans want to cut income taxes as part of the new state budget, part of a four-pronged plan for responding to an unprecedented surge in state revenues and surplus. Read More.

Inflation gauge above 2% for 13th consecutive month Read More.

"Cancel Culture and the FAIRtax" - Cancel culture is a cruel and ugly phenomenon that has stormed into American society and entwined itself into the very fabric of our lives.  Cancel culture has been defined in varying ways, including, as quoted in a May 19, 2021 Pew Research Center analysis, trying to silence someone that does not have the same belief as you.  Read More.

Following the cataclysmic drop in new home sales, notably weak PMIs, and ugly Richmond Fed data, reality is starting to bite this morning as 'real' economic data confirms the apparent collapse in ad-spend that Snap's warning signals. Read More.

The record-high national average for a gallon of regular gas is $4.56, and is much higher in some states Read More.

White House: Tapping diesel reserve may not reduce prices, but could help to prevent spot outages Read More.

Citing estimates from JPMorgan, over the weekend Bloomberg wrote that courtesy of a Biden administration terrified of what soaring inflation will mean for the Democrats in the midterms, and a Fed that is determine to do anything - even crash the market and spark a recession - to do Joe Biden's "kill inflation" bidding, the US faces a new scary threat: a plunge in wealth which JPM estimates at least $5 trillion, and could reach $9 trillion by year-end. Read More.

The Grassroots Corner - Week Beginning 5/23/22: “ HOSTILE ARGUMENT: THE FAIRTAX WILL HURT STATE AND LOCAL GOVERNMENTS THAT ISSUE BONDS” Read More.

Gas prices reached $4.59 on Friday. This was a new all-time record high for gas prices in America. It was the 11th straight day of all-time record high gas prices. Read More.

In this administration, it’s always someone else’s fault. Inflation is now the No. 1 concern of voters, so the White House first blamed COVID. Then Trump’s tax cuts. Then Putin. Then meatpackers and the poultry industry, Big Oil, and pharmaceutical companies. Read More.

"The Tax Foundation Is Advocating Sales Tax!" - The Surprising Regressivity of Grocery Tax Exemptions is the title of a study written by Jared Walczak for the Tax Foundation.  Here are some of the findings: Read More.

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 5.49% from 5.53% Read More.

Economists call for more aggressive stimulus; slowdown is worst since the initial Covid-19 outbreak in 2020 Read More.