When asked about the origin of the 23% rate, we say that this is the rate that is needed to replace the revenues being collected now by the personal and corporate income tax, the estate and gift tax and Social Security and Medicare payroll taxes.
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The Chairman's Report February 12, 2021
The Chairman's Report February 12, 2021
The national minimum wage was first mandated by the Fair Labor Standards Act in 1938.  This federal law provided for not only the minimum wage but also overtime pay. 
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U.S. Debt on Track to Hit a Record 107% of GDP by 2031, CBO Says
U.S. Debt on Track to Hit a Record 107% of GDP by 2031, CBO Says
Deficit for fiscal 2021 will come to $2.3 trillion, almost $900 billion less than projected earlier, as economy revives READ MORE
#251 The VAT: Another Swamp Tool
#251 The VAT: Another Swamp Tool
Most of this episode is an interview with Steve Hayes, President of AFFT, on the subject of a VAT (Value Added Tax) as proposed by Senator Ben Cardin and how it compares to the FAIRtax. READ MORE
Budget Office Expects $2.3T Deficit Before Biden Relief Plan
US News
Budget Office Expects $2.3T Deficit Before Biden Relief Plan
The Congressional Budget Office says the federal government is on track for a $2.3 trillion deficit this year, down roughly $900 billion from last year when the coronavirus caused Congress to provide historic amounts of financial aid.
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Taxing time: How the pandemic will affect filing your taxes
AP News
Taxing time: How the pandemic will affect filing your taxes
The pandemic has made everything a bit trickier — tax filing season is no exception. 
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