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February 18, 2009

Editor's Note
What the heck is going on? Congress just voted to enact emergency legislation called stimulus, and not one single member who voted for the bill confirmed that he or she had read the entire bill. Of course who could have read the bill? The bill is more than 1,000 pages and it was thrown together in its final form within hours of its signing.

One thing is certain, any legislation stapled together in this fashion will be fraught with loopholes and mistakes, and that will provide accountants with opportunities to communicate with the clients, explain provisions of the bill, and have additional client interaction when correction legislation is passed.

So once again, as is so often the case, we accountants can give thanks to our elected officials for keeping our profession alive and well.

As always, if you have any thoughts, comments, experiences to share on this (or any) topic, please click the "Post Comments" button on the bottom of any of our stories and let us know what's on your mind.

Best regards,
Gail Perry, CPA
Managing Editor

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