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

September 11, 2026 11 mins
Social Security is rapidly running out of money. If something doesn't change, today's Social Security recipients will face a benefit cut in the neighborhood of 20% within just a few short years. The solution isn't higher taxes, lower benefits, a higher retirement age or more borrowed money. The solution is to change how Social Security is funded. The solution is the pass the FAIRtax.
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Labor Day was established in 1894 to honor the value, dignity and sacrifice of American working people. Today, the American tax system takes money from those workers before they can spend a dime supporting themselves and their families. It's time to reverse those priorities and put working families ahead of the government. It's time to pass the FAIRtax.
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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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