Chairman's Report

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.

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.