New tire tax deflates pocketbooks of American drivers
Late Friday night, President Barack Obama once again broke his central campaign promise not to raise "any form" of taxes on Americans making less than $250,000 per year. Bowing to pressure from organized labor, he made a decision to place a 35 percent tariff on tire imports from China.
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.