They're at it again. As the dog days of summer grind on in
Washington, politicians on both sides of the aisle are scrambling to conclude their annual "lets-change-the-tax-code" dance before the Labor Day recess. The "Financial Freedom Act of 1999" includes proposals for a 10% across-the-board tax rate reduction; marriage tax penalty relief; incentives for specific savings and investments; education, health care and death tax relief; and much more. The goal: use up some of the $1 trillion surplus projected for the next few years. See the full proposal:
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.