FAIRTAX FRIDAY AND CHAIRMAN'S REPORT

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Chairman's Report - June 1, 2018

Russell Long served as a U.S. Senator from 1948 until 1987 and was chairman of the Senate Finance Committee for fifteen years from 1966 to 1981. During a meeting at his Washington, D.C. office in the early 1990’s, the Senator related that during his time on the Senate Finance Committee, there was always a constant stream of lobbyists explaining why they were in favor of tax reform as long as it did not affect their client’s particular tax benefit...

20180601 - Fairtax Friday & Chairman's Report

ICYMI: FairTax Friday - Rethinking Taxes: What Was the Discussion Really About?

Our New Jersey FAIRtax Team members, Dave Corsi, John O’Rourke, and Pennsylvania FAIRtax-er Anthony LoCasio, attended a forum in Summit, N.J. on April 4, 2018 billed as “Rethinking Taxes” that did not deliver as advertised. At least 50 people and the press were there. READ MORE

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Wall Street Journal

Storm Clouds Gather Over the Fed

The Federal Reserve’s plan for accelerating the pace of monetary policy-tightening might be running into some trouble...

Zero Hedge

Savings Rate Tumbles Back Near Record Lows As Americans Spend More Than They Make For 28th Month In A Row

While US personal incomes grew, as expected, at 0.3% MoM, Americans resumed spending fare more than they make (increasing 0.6% MoM in April). For the 28th month in a row, YoY growth in spending has outpaced incomes, sending the savings rate back down to just 2.8, the lowest since the debt-funded holiday spending spree of December 2017, and just shy of record lows.

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Americans For Fair Taxation
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