Posted by taxguru on January 7, 2003
Don’t Celebrate Prematurely
Bush’s tax cut proposals sound very appealing and I will be monitoring and commenting on them in more detail as they work their way through the clutches of our rulers in the House and Senate. What will come out the other side will probably look and smell very different, so it’s too soon to be making a lot of real life plans based on any assumption of the cuts getting through unscathed. While making the changes retroactive to January 1, 2003 is a good idea, the longer it takes before Bush can sign the actual law, the less likely they will allow the law to be retroactive.
KMK
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Tax Guru - Ker$tetter Letter 