Current News
The Chairman’s Report December 24, 2021
From all of us at Americans for Fair Taxation. . .
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How To Structure A Permanent Child Tax Credit Expansion
One of the biggest sticking points in negotiations over President Biden’s agenda has been how to extend the American Rescue Plan’s expansion of the Child Tax Credit. Read More.
Mortgage rates fall to a four-week low, but homebuyers still pull back due to record low listings
The already competitive housing market is getting even more so, and that is now cutting into mortgage demand. Read More.
The Grassroots Corner December 27, 2021
🇺🇸 The Grassroots Corner - Week Beginning 12/27/21: “HAPPY NEW YEAR!” Read More.
Weekly jobless claims total 206,000, higher than expected and above pandemic low
Jobless claims were higher than expected last week after previously hitting their lowest level since 1969, the Labor Department reported Thursday. Read More.
Manchin killing BBB likely saved US from economic 'disaster,' experts say
An offshore drilling ban in the United States would strengthen oil-rich countries like Russia, experts say Read More.
Sky-High Lumber Prices Are Back
Builders are buying up wood while floods in British Columbia limit supply Read More.
The Grassroots Corner December 20, 2021
🇺🇸 The Grassroots Corner - Week Beginning 12/20/21: “MERRY CHRISTMAS AND HAPPY HOLIDAYS!” Read More.
Biden’s plan to fix truck driver shortage inadequate, fails to address root of problem, association says
The Biden administration’s proposal was put forth as part of the broader Supply Chain Disruptions Task Force Read More.
Elon Musk says he will pay more taxes than anyone in history this year
The Tesla CEO could pay up to $10 billion in taxes for expiring Tesla stock options. Read More.
The Chairman’s Report December 17, 2021
Today’s Chairman’s Report is written by Jade Walle. Jade is a partner of a CPA firm and is on the board of Americans For Fair Taxation. Jade explains how businesses will benefit from the FAIRtax which will enable Americans to accomplish even more. Read More.
Skilled tradespeople deserve fair tax treatment ahead of holidays
'While tradespeople can’t deduct from their taxes an average of $4,000 for relocation expenses under the Income Tax Act, other professionals can, such as accountants and salespeople working at the same job site.' Read More.
Investors brace for the highest inflation reading in nearly 40 years
If the consensus is correct, the last time inflation was this high was in the early years of the Reagan administration – as the U.S. found itself amid a steep and persistent recession. Read More.
Oil rises on optimism Omicron impact will be limited on fuel demand
U.S. West Texas Intermediate (WTI) gained 69 cents, or 1.0%, to $72.36 a barrel Read More.
AI Trends For 2022 - The IRS will use increased budget resources to achieve a main objective
The IRS plans to audit the wealthiest corporate, partnership, and individual taxpayers to achieve some of its main objectives in 2022. Read More.
