Articles
The Chairman’s Report August 20, 2021
Ronald Reagan’s famous quote is quite applicable to a proposal being floated around D.C. as the way to “fix” one of the most irritating problems with the income/payroll tax system—having to file annual income tax returns. Read More.
Massachusetts has yet to re-implement a charitable tax deduction, which passed through a ballot question in 2000. What's at stake?
A state tax break for charitable giving, approved through a 2000 ballot question, was available for one year, in 2001, and has been on pause ever since. Read More.
Amazon Reportedly Outsold Walmart Last Year For The First Time
Amazon’s sales and those of third-party sellers on its platform eclipsed Walmart’s over the year ending in June, according to the New York Times, making the e-commerce giant the world’s largest retailer outside China for the first time. Read More.
Labor Day has been a turning point in markets the last three years. Here’s what one strategist sees happening next.
Summertime markets can be a bit dysfunctional. Last week, for example, the top two sectors were the classically defensive utilities, and the highly cyclical materials. The total market volume on the New York Stock Exchange and the Nasdaq on Tuesday was 59% below the peak of the year, and 19% below the year’s average. Read More.
What the Afghan government’s collapse might mean for the U.S. stock market
After 20 years in the shadows, the Taliban have returned to power in Afghanistan, raising questions about stability in the Middle East and stoking some potential unrest in U.S. financial markets, amid a weekend that was rife with political developments. Read More.
Biden’s boost to the earned income tax credit may trigger a ‘marriage penalty’
Federal stimulus and enhanced tax credits have provided benefits to millions of Americans. However, some low-income workers may not receive a boost. Read More.
Biden lifts SNAP benefits by 30% in historic move
SNAP benefits will jump to $157.24 from $121 per person, per month Read More.
The Grassroots Corner August 16, 2021
🇺🇸 The Grassroots Corner - Week Beginning 8/16/21: “Meet Candidate Willie Montague” Read More.
Lawmakers set hearings on income tax elimination or cuts
Lawmakers plan to hold two days of hearings on eliminating or cutting Mississippi’s individual income tax on Aug. 25 and 26. Read More.
The Chairman’s Report August 13, 2021
As more and more people begin looking at the FAIRtax to replace the failing federal income tax system, one of the questions people ask is why does the FAIRtax tax government. Read More.
Some Google employees reportedly face a pay cut of up to 25% if they work from home permanently, according to a leaked salary calculator
Google employees may face a pay cut if they decide to work from home indefinitely, according to a leaked internal salary calculator obtained by Reuters. Read More.
Elizabeth Warren will propose a minimum tax on the nation’s richest companies.
Senator Elizabeth Warren of Massachusetts and her allies will propose a minimum tax on the profits of the nation’s richest companies, regardless of what they say they owe the government, as part of Democrats’ $3.5 trillion economic and social-policy package. Read More.
Consumer prices rise 5.4% annually in July
Prices rose 0.5% in July Read More.
U.S. judge says Florida can't ban cruise ship's 'vaccine passport' program
Aug 8 (Reuters) - A U.S. judge has allowed Norwegian Cruise Line Holdings Ltd. (NCLH.N)todemand that passengers show written proof of coronavirus vaccination before they board a ship, dealing a major blow to Florida Governor Ron DeSantis's effort to ban "vaccine passports." Read More.
Yellen urges Congress to raise debt limit with GOP support
Treasury Secretary Janet Yellen urged Congress on Monday to pass a bipartisan resolution to raise the amount of money the U.S. government can borrow, saying failing to increase the debt ceiling so would "cause irreparable harm" to the economy. Read More.
