Chairman's Report - June 8, 2018
Chairman's Report - June 8, 2018
In the movie, All The President’s Men, Hal Holbrook was playing “Deep Throat” and famously said, “Follow the Money.” Interestingly enough this was not in the Woodward and Bernstein book but added by the screenplay writer.
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20180608 - Fairtax Friday & Chairman's Report
Thanks to GOP Tax Cuts, Utilities Are Lowering Rates
Thanks to GOP Tax Cuts, Utilities Are Lowering Rates
Thanks to the tax cuts passed by the Republican House and Senate and signed by President Donald Trump, at least 101 utilities across the country are lowering rates for customers, according to a report from Americans for Tax Reform. This means lower electric bills, lower gas bills, and lower water bills for Americans. READ MORE
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Buffett says economy is feeling strong: 'If we're in the sixth inning, we have our sluggers coming to bat'
Buffett says economy is feeling strong: 'If we're in the sixth inning, we have our sluggers coming to bat'
​Berkshire Hathaway chairman Warren Buffett and J.P. Morgan Chase chief executive Jamie Dimon told CNBC the U.S. economy is in rare form and could continue to prove strong for years to come. READ MORE
FAIRTAX HAS A NEW ONLINE COMMUNITY, AND WE WANT YOU TO JOIN!
FAIRTAX HAS A NEW ONLINE COMMUNITY, AND WE WANT YOU TO JOIN!
​Last year, Americans for Fair Taxation invested a great deal of thought and time in creating a new online community for FAIRtax supporters and activists. Using contributions from everyday Americans who care about fair taxation, we sought out the perfect platform and built our new community from the ground up. READ MORE
20180608 - Fairtax Friday & Chairman's Report
Storm Clouds Gather Over the Fed
Wall Street Journal
Storm Clouds Gather Over the Fed
​The Federal Reserve’s plan for accelerating the pace of monetary policy-tightening might be running into some trouble...
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Savings Rate Tumbles Back Near Record Lows As Americans Spend More Than They Make For 28th Month In A Row
Zero Hedge
Savings Rate Tumbles Back Near Record Lows As Americans Spend More Than They Make For 28th Month In A Row
While US personal incomes grew, as expected, at 0.3% MoM, Americans resumed spending fare more than they make (increasing 0.6% MoM in April). For the 28th month in a row, YoY growth in spending has outpaced incomes, sending the savings rate back down to just 2.8, the lowest since the debt-funded holiday spending spree of December 2017, and just shy of record lows.
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