Gas Tax Repeal a 'no-go' for Senate
Just when accounting gurus were convinced that Congress would repeal the gas tax, ensuring that prices would fall in accordance, the Washington Post today confirmed that the Senate is reluctant to take this drastic measure.
The Senate did, however, agree to explore oil exploration in Alaska's Arctic National Wildlife Refuge in an attempt to find more sources for the future.
Still, experts agree that any repeal of the tax, along with the possibility of the drilling initiative, probably won't pass muster in the House and certainly not with the president--if it even gets that far.
Voice of the Editor
Which isn’t completely true. I mean, occasionally I drop by when I manage to sneak out of the nonstop frat party over at Going Concern, but I’m mostly a wallflower over there. I’m happy to say that I’ve been given express permission (or explicit orders, if you like) to wander over here to AccountingWEB more often.
Why is that, you might ask? My job is to replace the irreplaceable Gail Perry as Editor-in-Chief. What does that mean? I don’t really know! I think it’ll be fun getting a feel for things, throwing in my own thoughts here and there, and listening to the discussions you’re having about the accounting profession.