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

Effective Tax Rates

August 28, 2026 • 11 mins
When it comes to your taxes, the important number isn't the one attached to your tax bracket. What really counts is your effective tax rate--how much of your total income was eaten up by federal taxes. In this week's Chairman's Report, Steve Hayes compares effective tax rates under the income tax system vs. the FAIRtax.
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Incentives Matter

August 21, 2026 • 16 mins
This week's Chairman's Report is guest written by Bill Rollyson. Bill makes the case that the FAIRtax can play a role in incentivizing the American agricultural industry to reduce its dependance on illegal labor by moving towards more automation and mechanization.
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Why America Needs the FAIRtax

August 14, 2026 • 15 mins
This week's Chairman's Report is guest written by Travis Karnes. Travis is a Constitutional expert who makes a strong case for the FAIRtax on Constitutional grounds.
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How the FAIRtax Makes the Wealthy Pay Their Fair Share

August 7, 2026 • 10 mins
Wealthy Americans have a variety of ways to legally reduce their income tax liability. One of the most successful is to borrow against capital assets since a loan is not considered income and is not taxed. The FAIRtax would close that loophole and render the "Buy, Borrow, Die" strategy ineffective.
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If Your State Kills its Income Tax, It Needs a Prebate

July 31, 2026 • 11 mins
States all around the country are waking up to the fact that an income tax is bad for their economy. Several have already moved to eliminate their state income tax. But there's a trap awaiting those who simply replace income tax revenue with a higher sales tax. AFFT president Steve Hayes lays it all out in this week's Chairman's Report.
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The Answer Hiding in Plain Sight

July 24, 2026 • 11 mins
Pollster Frank Luntz has uncovered a troubling picture of America. People think the economic system is unfair. They're falling behind financially, and many are calling for more socialism and less capitalism. There's an answer to these problems that's been hiding in plain sight since 1999. It's the FAIRtax.
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Smith and Jefferson at 250

July 17, 2026 • 10 mins
This week's Chairman's Report is a reprint of an article written by Professor John Cochrane looking back at Adam Smith's work, "Wealth of Nations".
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Bezos' Bold Idea - Catchy, but It Won't Solve the Problem

July 10, 2026 • 8 mins
Amazon founder Jeff Bezos is proposing that the bottom half of American taxpayers pay zero income tax. Sounds interesting, but its effect would be minimal. The real problem for low income earners are the federal payroll taxes that eat up 7.65% of every dollar a worker earns. Bezos' plan leaves those taxes in place. The real answer is to eliminate both income and payroll taxes for all taxpayers. The real answer is the FAIRtax.
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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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