Chairman's Report

With a state constitutional amendment, Texas has banned an income tax forever. This is a real concern to the Washington power brokers especially considering that Alabama and George are considering the same move. The reign of the income tax may be nearing an end.

How much will the FAIRtax benefit you and your family? David Boone, a FAIRtax volunteer from Minnesota, has created the FAIRtax calculator to help you answer this question. And Steve Hayes explains why there are other important benefits to the calculator.

Every four years we are told by the candidates for President that they are going to provide benefits to every possible group. But how do they plan to pay for it with the current tax system? Listen as we try to answer that very difficult question.

Next year the income received from workers will not be enough to fund the benefits for retirees. Although there are several proposals to fix the problem, only the FAIRtax provides a long term solution.

There is an ongoing debate among economists about how the 2017 tax reform bill impacted the tax burden for the highest earners. The fact that the Washington insiders are spending so much time on this is more evidence we need REAL tax reform - the FAIRtax.

Since many in the Swamp are engaged in the impeachment feeding frenzy, the annual flurry of "tax extenders" has taken a back seat. If lobbyists don't get what they want from the people they believe they bought, they may not be willing to fork over the campaign cash in the future. Troubled times for the denizens of the Swamp.

The denizens of the Swamp like to hand out favors via the tax code. However, very few people are itemizing their deductions which means very few people can get these favors. Why? Because of the 2017 Tax Cuts and Jobs Act. Listen to see how the Swamp shot themselves in their collective foot.

Since cryptocurrencies such as Bitcoin are become more popular and are not controlled by a central authority, the IRS is hyperventilating over keeping track of it's use by Americans. Listen to Steve Hayes explain why all this wrangling is completely unnecessary.

What is the relationship between Congress, the makers of Oxytocin and the income tax code. You're not going to like what you learn in this report which gives yet another reason to replace the income tax with the FAIRtax.

This is the title of a September 5, 2019 article written by Professor Kenneth Rogoff for the Guardian. Working from this article, this week's Chairman's Report makes the case for the FAIRtax replacing the income tax.