Chairman's Report

Most people would consider it bad news when unemployment goes up, wages stop increasing, gas prices rise, interest rates rise and home purchases decline. Not so in DC. Those things are cheered in DC because it means more people will have to depend on the government for their existence. It's the same insane thinking that "bad is good" that keeps the income tax system in place when there's a much be...

Of all the objectionable provisions in the recently passed Inflation Reduction Act, giving $80 billion to the IRS has to be one of the worst. The agency has a long history of mismanagement and incompetence to go along with its history of bullying honest taxpayers and demanding money from people who don't have the resources to challenge them in court. This is an especially grievous in light of the...

This week, we celebrate labor in America. But it looks like the politicians still haven't gotten the message. Instead of celebrating and rewarding labor, they continue to punish it with heavy taxation. If the politicians really wanted to reward labor (and thereby get more of it), they would quit taxing the money we receive in exchange for our labor. They would replace the income tax with the FAIRt...

This week's Chairman's Report is guest written by CPA Jade Walle. He notes that given the choice, people will choose continuity and calm over chaos and disorder every time. Comparing the FAIRtax to the income tax, it's easy to see which one brings calm and continuity and which one brings chaos and disorder. With the IRS set to become bigger and meaner than it's ever been, it's time to demand that...

Is it a coincidence that both James Comey and Andrew McCabe, two FBI directors deemed traitors by then President Trump, were both selected for the most intense and invasive audit that the IRS conducts? It's possible that this was a random occurrence, but the odds are less than the odds of winning the Texas Powerball lottery. Regardless of party affiliation or ideological leaning, everyone should a...

In this week's Chairman's Report, AFFT president Steve Hayes reveals some shocking statistics about the state of education in the United States as it relates to basic literacy. Then, he shows how some of those problems are the result of our system of taxation, and how the FAIRtax can improve education for everyone.

The Summary of the 2022 Annual Reports published by the Social Security and Medicare Boards of Trustees has some grim news. Both programs are running out of money, and inflation is only going to hasten then day when they go broke. Congress has introduced a "rescue plan" that's guaranteed not to work. That's because it's based on inaccurate numbers and unrealistic assumptions. In this week's Chairm...

This week's Chairman's Report is guest written by Jade Walle, a partner in a CPA firm, and a board member of Americans for Fair Taxation. With inflation and high interest rates set to send the US economy into recession, Jade looks at the research that shows what effect replacing the income tax with the FAIRtax would have on the economy--especially one in recession.

John W Childs is a billionaire who would stand to pay much more in federal taxes under the FAIRtax than under the present income tax. Still, he believes that the FAIRtax would be better for his children, his grandchildren and the country in general. See why as this week's Chairman's Report reprints an article the Mr. Childs wrote for the New York Sun.

Members of Congress clearly believe that the rules that govern the financial lives of ordinary people don't apply to them. In this week's Chairman's Report, AFFT president Steve Hayes documents yet another instance that proves that Congress and the Federal government not only live by their own rules, but they have no idea how changes in the tax law affect their spending. The solution is to make th...

It has just recently come to light that over a year ago, the IRS purposely destroyed over 30 million paper filed return documents because they couldn't process them. Clearly, the IRS is not capable of doing the job it's supposed to be doing, and pouring more money into it isn't going to fix the problem. There's only one solution. Abolish the IRS by replacing the income tax with the FAIRtax.

As we pause to celebrate the independence we enjoy as Americans, AFFT president Steve Hayes reminds us again why we're still engaged in another fight for freedom--the effort to free ourselves from the income tax and the IRS.

This week guest writer Jade Walle examines how the FAIRtax would have fit into the system of government described in Ayn Rand's epic 1957 novel "Atlas Shrugged".

There are multiple reasons why we have a supply chain crisis in the United States, but the simple reason is that for the most part, the products we want and the components that go into them are manufactured overseas. Why? Because our insane income/payroll tax system has driven American manufacturing offshore. We'd have a much smaller supply chain problem if more things were manufactured in the Uni...

Back in 2017, a group of distinguished economists accurately predicted the positive effects that the Tax Cuts and Jobs Act would have. Of course, that didn't stop them from being attacked and ridiculed by many pundits of the day. Building on their work, it's not hard to accurately predict all the good things the FAIRtax will do for the economy. AFFT president Steve Hayes breaks it all down in this...

While direct bribery of a Member of Congress is illegal, there is a convenient back door way for Members of Congress to receive a "reward for services" that is perfectly legal. AFFT President Steve Hayes breaks it all down and once again shows how replacing the income tax with the FAIRtax would make things better for the American people.

What does cancel culture have to do with the FAIRtax? Everything. In a nutshell, cancel culture is the attempt to silence someone who has a different opinion than you. FAIRtax opponents want us canceled. We simply can't let that happen. Listen as guest writer Jade Walle explains why the FAIRtax movement must prevail in the face of the cancel culture.

Do you think that exempting groceries from the state sales tax makes that tax more progressive? Think again. A recent study for the Tax Foundation found that exempting groceries from the sales tax results in higher rates for other goods. The study further found that low-income families would be better off if groceries were taxed, and the tax rate was reduced commensurately on other goods. So far,...

It should come as no surprise that people are frustrated with the income tax and don't really trust it to be fair and honest. Some numbers from a recent Harris Poll on taxation bear that out. Still, the people we elect to act in our best interests continue to prop up the current income tax system. Why? Could it be that they're really looking out for themselves rather than us? We need to take back...

The Biden administration recently announced its desire to make billionaires "pay their fair share", by introducing a new "Billionaires Minimum Tax". But, if you read the fine print, you'll find that it actually kicks in on families making a lot less. There's a better way to make everyone, not just billionaires, pay their fair share--the FAIRtax.

Enacting the FAIRtax will put a lot of complex variables into play in the US economy. With inflation at its highest level in 40 years, CPA Jade Walle looks at some of these factors with an eye towards how the FAIRtax would be a better hedge against inflation than the current income tax system.

There is another new study out on tax evasion. Not surprisingly, it finds that a consumption tax like the FAIRtax is much harder to evade than the current income tax. In this week's Chairman's Report, Steve Hayes goes thru this new study and again makes the case that the DC elites are propping up the income tax for their own benefit.

It's that time of year again. Time to fill out a bunch of complicated forms telling the government all the ins and outs of your personal finances. It's been this way for over a century, but it doesn't HAVE to be this way. We can fund the government without invading people privacy or losing a trillion dollars a year to tax evasion. It's easy. Just pass the FAIRtax.

Under current law, the government is entitled to know nearly every detail of your financial life. If you're OK with that, then you can stop reading. But if you think your financial status is your business, AFFT president Steve Hayes suggests ten questions that you should ask your Congressional representative.

April Fools Day is a day where people play pranks on each other. Unfortunately, the income/payroll tax system is not a prank. It's a cruel reality that affects millions of Americans. In this week's Chairman's Report, Steve Hayes examines why only a fool would support keeping the income/payroll tax system in place.