Now that the President and his budget director Peter Orszag have abandoned the leadership of achieving minimally necessary deficit reduction I hope we never hear them again talking tough about deficit reduction. Yes, it's hard work, but that is why we call them leaders, give them big offices, and get them good seats at the Kennedy Center. They wimped out of their most basic responsibility of putting the budget on a sustainable path.
The items included in the Tax Update Blog are informational only and are not meant as tax advice. Consult with your tax advisor to determine how any item applies to your situation.
Joe Kristan writes the Tax Update items, and any opinions expressed or implied are not necessarily shared by anyone else at Roth & Company, P.C. Address questions or comments on Tax Updates to