Chairman's Report
Weekly update on issues pertaining to the passage of the FAIRtax, HR 25. Exploring a new topic every week.
Episodes
May 22, 2026 • 10 mins
This week's Chairman's Report is guest written by CPA and AFFT board member Jade Walle. He explains how the corporate income tax is a quite modest contributor to the federal budget, but is an enormous contributor to class warfare in America.
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May 15, 2026 • 9 mins
By definition, the FAIRtax is a federal excise tax. In this week's Chairman's Report, AFFT president Steve Hayes recalls both the historical and current uses of excise taxes as a revenue source.
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May 8, 2026 • 9 mins
Some people may be surprised to learn that the FAIRtax will apply to purchases made by government entities. While that may seem strange to some, there's actually a good reason for it. AFFT president Steve Hayes explains in this week's Chairman's Report.
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May 1, 2026 • 6 mins
The alarm bells have been going off for decades--Social Security is not bringing in enough money to pay the benefits it has promised to American retirees. It sounds like the solution will be painful, but in fact, there's an effective and painless solution for Social Security's financial problems. That solution is the FAIRtax.
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April 24, 2026 • 11 mins
The income tax works against a homebuyer's desire to purchase a new home. The FAIRtax makes homebuying easier. Check out the details in this week's Chairman's Report.
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April 17, 2026 • 10 mins
Two Democrat Senators, Chris Van Hollen and Cory Booker, have introduced new tax plans to cut taxes for lower and middle income taxpayers, and raise them on high income taxpayers and corporations. Sounds good on the surface, but there are serious problems with both plans. Steve Hayes offers his analysis in this week's Chairman's Report.
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April 10, 2026 • 9 mins
President Trump has said repeatedly that he wants to replace the federal income tax with tariffs. But did you know that reducing high tariffs was one of the driving forces behind implementing the income tax? It's a fascinating story. Hear it all in this week's Chairman's Report.
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April 3, 2026 • 7 mins
The Missouri House has passed a proposed constitutional amendment aimed at eventually eliminating the state's income tax by expanding its sales tax. They rightfully see the income tax as a disincentive for people and businesses to move to Missouri. Check it all out in this week's Chairman's Report.
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March 27, 2026 • 11 mins
Washington insiders are adamant in their position that it's simply not possible to replace the federal income tax system. However, this week's Chairman's Report draws attention to the many benefits of replacing our antiquated income tax system with the FAIRtax.
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March 20, 2026 • 6 mins
People like getting a break on their taxes, but the Treasury loses over $2 trillion a year buying people's loyalty with tax breaks. The politicians know that people who get a break on their taxes are less likely to join the chorus calling for the income tax system to be eliminated. Get the full scoop in this week's Chairman's Report.
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March 13, 2026 • 10 mins
Social media influencers have to pay taxes on their income the same as any other small business owner. But figuring out what expenses rise to the level of being legitimate business expenses isn't so clear. Steve Hayes explains in this week's Chairman's Report.
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March 6, 2026 • 12 mins
The FAIRtax would be a godsend for the individual taxpayer. No more withholding, no more payroll taxes, no more tax returns, no more IRS and a tax refund every month. But for those making their living off the income tax system, the FAIRtax would require some lifestyle adjustments. Check it all out in this week's Chairman's Report.
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February 27, 2026 • 9 mins
Recent reports have confirmed what many Americans already suspected--that the income tax system is rigged in favor of the wealthiest Americans. Check out the details in this week's AFFT Chairman's Report.
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February 20, 2026 • 9 mins
The Council of Economic Advisors is one of the most prestigious appointments a practicing economist can achieve. Several Nobel Prize winners have chaired the council. Recently, the CEA released a study on the effects of eliminating state income taxes. Not surprisingly, they found that replacing income taxes with consumption taxes would have a myriad of positive effects. Check out the details in this week's Chairman's Report.
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February 13, 2026 • 16 mins
The same tax can actually have several different rates depending on the calculation method used. Knowing which rate you're dealing with is essential to making accurate comparisons between the income tax and the FAIRtax. Steve Hayes breaks it all down in this week's Chairman's Report.
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February 6, 2026 • 12 mins
If you think that the tax you see added to your subtotal on any retail receipt is the total amount of tax you're paying on that purchase, you're dead wrong. This week, AFFT president Steve Hayes explains how federal taxes that you don't see on your receipt make everything you buy significantly more expensive.
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January 31, 2026 • 10 mins
Over 170 countries around the world have adopted the value added tax (VAT) as their primary revenue source. With President Trump looking to abolish the income tax, many in Congress are looking at a VAT as its replacement. While it may sound good in theory, there are some serious problems with a VAT. AFFT president Steve Hayes lays it all out in this week's Chairman's Report.
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January 23, 2026 • 12 mins
Some in Washington are looking at a Financial Transaction Tax (FTT) as a quick and easy way to generate a lot of revenue for the government. Unfortunately, there is a critical error in their thinking. AFFT president Steve Hayes breaks it all down in this week's Chairman's Report.
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January 16, 2026 • 7 mins
With President Trump on record as wanting to abolish the income tax, alternative methods of raising revenue are receiving unprecedented attention. This week, AFFT president Steve Hayes looks at an article published in USA Today detailing the difference between a consumption tax and an income tax.
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January 9, 2026 • 8 mins
It's been a well established fact for a long time that Social Security is going broke. In just a few years, there won't be enough money to pay Social Security recipients their full benefits. Politicians have been putting off fixing the problem for decades because they didn't want to make the hard choices. Well now, there's an easy and painless solution. Pass the FAIRtax.
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