Chairman's Report

Chairman's Report

Weekly update on issues pertaining to the passage of the FAIRtax, HR 25. Exploring a new topic every week.

Episodes

Misrepresenting Adam Smith

August 22, 2025 • 8 mins
Adam Smith is often recognized as the father of modern economics. One passage from his "The Wealth of Nations" is often quoted as proof that Smith favored a progressive income tax. However, that claim doesn't hold up under closer examination. What Smith actually favors is proportional taxation. And that's exactly what the FAIRtax delivers.
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The FAIRtax and Really Small Business

August 15, 2025 • 10 mins
Again, this week's Chariman's Report is guest written by CPA Jade Walle. In it, he looks at how the FAIRtax will impact sole proprietorships and other extremely small businesses.
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Which Is Better for Business?

August 8, 2025 • 11 mins
President Trump's Big Beautiful Bill did make some positive changes to the income tax system. However, the question remains, which is better for business, the new, improved income tax system, or the FAIRtax? Guest author Jade Walle takes a look and comes to a solid conclusion. The FAIRtax is still the clear winner.
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Enjoy Your Benefits Until They Expire

August 1, 2025 • 8 mins
By the time the Big Beautiful Bill made it through Congress, President Trump got a lot less than he promised when he said that he was going to eliminate income taxes on Social Security, tips and overtime. But there's still a way to do all that and more. Pass the FAIRtax.
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The FAIRtax and Border Security

July 25, 2025 • 8 mins
The Big Beautiful Bill contains $175 billion in spending for border security. This week, guest writer Jade Walle explains how the FAIRtax would enhance border security without the need to spend billions more.
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The FAIRtax and Reconciliation

July 18, 2025 • 9 mins
We heard a lot about reconciliation when Congress was working on passing the Big Beautiful Bill. But how would the FAIRtax advance in the Senate if it were passed by the House? Guest writer Jade Walle has a surprising answer in this week's Chairman's Report.
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Some Hidden Gems and a Bright Future

July 11, 2025 • 9 mins
This week's Chairman's Report is guest written by Rich Germaine. In it, Rich analyzes a recent poll on voter opinions about taxation and the current tax system. It's really good news for the FAIRtax.
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The FAIRtax and Freedom on This Independence Day

July 4, 2025 • 10 mins
The FAIRtax provides American taxpayers with two critical and interdependent aspects of liberty--freedom from and freedom to. Check it all out in this week's Chariman's Report.
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The FAIRtax It's Big and It's Beautiful

June 27, 2025 • 9 mins
With President Trump's Big, Beautiful Bill working its way through Congress, guest author Jade Walle shows how the FAIRtax is really much bigger and much more beautiful when it comes to meeting the three factors that economists agree are vital for promoting economic growth.
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It's Time to End the IRS's License to Hunt

June 20, 2025 • 8 mins
With no fanfare and very little public notice, the Biden administration gave the IRS some rather frightening powers that are still being used even though Joe Biden is no longer in the White House. Check it all out in this week's Chairman's Report.
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Checking All the Democrat Boxes

June 13, 2025 • 11 mins
This week, guest author Jade Walle points out that anyone who studies politics and knows what the two parties believe in and stand for would be shocked to learn that Democrats are not supporting the FAIRtax in droves. That's because the FAIRtax checks so many of the Democrat boxes.
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When Will the IRS Audit the Pope?

June 6, 2025 • 8 mins
Pope Leo XIV is the first American citizen to hold that office, but the IRS could be brewing up some trouble for him. That's because the United States is the only developed country in the world that taxes its citizens who live outside its boundaries. See what kind of traps the newly elected Pope could fall into in this week's Chairman's Report.
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The FAIRtax and the Spending Equilibrium

May 30, 2025 • 8 mins
The old axiom says that we get less of what we tax. This week, guest author Jade Walle shows that that's not necessarily true when it comes to the effect the FAIRtax will have on the US economy.
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The Scorpion and the Turtle

May 23, 2025 • 9 mins
Like the scorpion who stings the turtle in the famous fable, the IRS continues to do things that chip away at what little support they currently have with the American people. Case is point is how the IRS is now aggressively pursuing people who make money online.
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Government Spending and the FAIRtax

May 17, 2025 • 9 mins
Our nation is over $35 trillion in debt. It's clear that our politicians are addicted to spending more than they take in. In this week's Chairman's Report, guest writer Jade Walle explains how the FAIRtax would help rein in our government's runaway spending.
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Tax Compliance Costs Us Over $546 Billion Annually

May 9, 2025 • 8 mins
In addition to the actual taxes collected, the income/payroll tax system imposes an almost unimaginable additional burden on American taxpayers. This week, AFFT president Steve Hayes highlights a Tax Foundation study that shows how bad the current tax system really is.
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Goodbye Mississippi Income Tax

May 2, 2025 • 9 mins
This week's Chairman's Report is guest written by Bob Paxton. In it, he looks at the recent legislation aimed at getting rid of the state income tax in Mississippi. While that sounds like a good thing, all is not as it seems.
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Be Smart Pay Zero Taxes

April 25, 2025 • 9 mins
This week's Chairman's Report is guest written by CPA Jade Walle. Jade reviews a rather unconventional book on financial planning and observes that none of the author's recommendations would be needed if the FAIRtax was the law of the land.
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Tennessee Resolution HJR 17

April 18, 2025 • 7 mins
This week's Chairman's Report is written by Tony Urbanek. Tony is a Tennessee resident and a member of the AFFT Board of Directors. He proudly reports that Tennessee has passed Resolution HJR 17 urging the President and Congress to pass HR 25, the FAIRtax.
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The FAIRtax - Finally, Modernization

April 11, 2025 • 9 mins
This week's Chairman's Report is written by Jade Walle, a practicing CPA and one time member of the AFFT Board of Directors. He notes that the IRS modernization project is in year 35 of a five-year plan--and it's still five years away. Fortunately, there's a solution to modernizing America's tax system. Pass the FAIRtax.
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