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

Our Predisposition to Evade Taxes

June 26, 2026 • 10 mins
This week, guest author Jade Walle looks at the psychology of taxes regarding illegal evasion and shows how the FAIRtax can all but eliminate it by cutting off one of the three legs of the fraud triangle.
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The Worst Kind of Taxes

June 19, 2026 • 9 mins
In this week's Chairman's Report, guest author Jade Walle makes the case that income and property taxes are the worst taxes we endure. Consumption taxes like the FAIRtax are much better because they don't directly confiscate the fruits of our labor.
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How the FAIRtax Could Help Reduce Inflation

June 12, 2026 • 8 mins
Inflation is sometimes described as a "too many dollars chasing too few goods". While that's an oversimplification of a complex situation, it's basically a sound description. This week, Steve Hayes examines how the FAIRtax could help reduce inflation by making it easier for the economy to produce more goods.
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Why the FAIRtax is More Ethical Than the Income Tax

June 5, 2026 • 8 mins
In a nutshell, ethics is the study of right and wrong. There are ethical principles that should guide human behavior to be right, fair, honest and responsible. In this week's Chairman's Report, Steve Hayes applies ethical principles to taxation and finds that the FAIRtax is vastly superior ethically to the income tax.
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Let's Pit Americans Against Each Other (Part 2)

May 29, 2026 • 8 mins
This week, guest writer Jade Walle follows up on last week's Chairman's Report about how the income tax system is a major contributor to class warfare in America. This week, Jade explains how the FAIRtax will bring about a dramatic reduction in tax-based class warfare.
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Let's Pit Americans Against Each Other (Part 1)

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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Excise Taxes in the United States

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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Why the FAIRtax Taxes Government Entities

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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Social Security Needs Money - Who Will Pay?

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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The FAIRtax Makes Buying a Home Easier

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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More Lipstick on a Pig

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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How a Tariff Fight Created the Income Tax

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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Missouri Looks at Replacing Its State Income Tax

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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Life Without the Federal Income Tax

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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The US Lost $2.2 Trillion to Tax Breaks

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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Social Media Influencers and What is a Business Deduction?

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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What Happens to Various Groups when the FAIRtax Passes?

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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The Income Tax - A Rigged System

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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The Council of Economic Advisors Supports Consumption Taxes

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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Internal, External and Effective Tax Rates Understanding the Difference

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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