Chairman's Report

This week Steve Hayes tackles two subjects. First, he handles some of the common reactions from people who think the FAIRtax rate is too high. Then he pulls back the curtain and reveals how the Ruling Class deceptively hides how much you're actually paying under the income/payroll tax system. This is vital information every solider in the FAIRtax army needs to know.

This week, Steve Hayes shares details from an article written by a CPA regarding a tax break slipped into the CARES Act. While the break in question will help American entrepreneurs start new businesses, it's just another example of how Congress uses the incredibly complicated "Infernal Revenue Code" to control people and make our lives more complicated. The real answer is the FAIRtax.

What lessons have we learned from the coronavirus crisis and how will that change our world going forward? One thing we've seen is just how broken our Federal income tax system is and how much easier things would have been if we had been operating under the FAIRtax.

In this week's Chairman's Report, AFFT President Steve Hayes illustrates how commonly accepted generalities in the Federal tax code would be disastrous in the real world.

Ever wonder why some businesses get sweet breaks that others don't. In this Chairman's Report, Steve Hayes pulls back the curtain to reveal some dirty little secrets, then shows how the FAIRtax is the solution that will make everything work like it should for all of us.

In this week's Chairman's Report, AFFT President Steve Hayes first looks at the impact of this year's coronavirus-inspired filing delay. Then, he examines the history of the income tax in America, and concludes with a clear case for replacing it with the FAIRtax.

AFFT President Steve Hayes continues his examination of how the coronavirus is impacting the US economy. He looks at the CARES Act and shows how the FAIRtax would make it easy to calculate how much the massive rescue package would cost you.

This weeks Chairman's Report continues on the theme of US manufacturing with the focus on how creating more manufacturing jobs in the US will result in higher incomes for everyone, and on how the FAIRtax is the best way to create more manufacturing jobs in the US.

In this week's Chairman's Report, Steve Hayes ties these three seemingly unrelated things together. He examines the consequences of the decline in American manufacturing, why we must reverse it, and the best way to do it.

At first glance, the FAIRtax and the coronavirus are two totally unrelated things. But as AFFT President Steve Hayes explains, the FAIRtax would make it a lot easier to respond to national emergencies where the government needs to get help to people fast.

Foreign investment is vital to the US economy. In this Chairman's Report, AFFT President Steve Hayes explains how the income/payroll tax system is a significant hindrance to foreign investment, then explains how the FAIRtax would make the United States a haven for foreign investment.

In this week's Chariman's Report, Steve redefines the Ruling Class, looks at a bill intended to help small businesses, then explains how the FAIRtax is the ultimate solution for helping small businesses in America.

Most people think they know how much they pay under the income/payroll tax system. They're wrong. In this Chairman's Report, AFFT President Steve Hayes explains why it's impossible for anyone to know exactly how much the income/payroll tax system costs them, and why the FAIRtax is a much better way to fund the government,

AFFT President Steve Hayes explains how every American filing an income tax return and receiving Medicare are actually on welfare.

AFFT President Steve Hayes explains what's wrong with the proposals to levy income taxes on inherited income and why the FAIRtax is a much better way.

Steve explains the problems with the Social Security 2100 bill and why the FAIRtax is the right solution to keeping Social Security solvent.

Chairman Hayes takes a look at what really happens when you tax a corporation.

Steve describes how the income/payroll tax system puts an unnecessary obstacle in the path of small businesses.

The economy is rolling along. Not only is the demand for products and services up, but the demand for workers is up too. And when the demand for labor is up, wages increase. And all of this is a big problem for the Ruling Class in Washington. Listen to this thought provoking report by Steve Hayes, President of AFFT.

Most of us don't need to worry about the GILTI tax but large multinational corporations do primarily because Washington keeps making a complicated tax scheme worse. In their efforts to provide rules for taxing "global intangible low-taxed income" the bureaucrats have made high priced tax consultants happy and US companies frustrated.

Rent seeking has become a popular sport in Washington. In D.C. terms, rent seeking has come to mean seeking an advantage from government that is only available to you or to others similarly situated. And doing it through the tax code is an all too common practice. But what does it mean for the rest of us?

When we explain the advantages of the FAIRtax to someone, they usually nod in approval and then ask, “What is the FAIRtax rate?” You tell them 23%. They ask, “Why so much?” You explain that 23% is necessary to bring in the same amount as the income/payroll tax. The FAIRtax is revenue neutral. But there is much more to the FAIRtax than it's rate. Listen & Learn.

On the 20th day of October, 1864, Abraham Lincoln proclaimed that the last Thursday of November was to be a day of Thanksgiving. When the FAIRtax is passed, Americans will have a lot to be thankful for but the denizens of the Swamp? - Not so much!

Presidential candidate Elizabeth Warren is promising a number of government programs but questions arise as to how she plans to pay for it all. Analysis of her proposed tax reforms reveal insufficient funds. A solution to this problem would be for her to embrace the FAIRtax.

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.