Obama to Push Extension of Middle-Class Tax Cuts [WSJ]
President Barack Obama will propose a one-year extension of the Bush-era tax cuts for families earning less than $250,000 today, an effort to shift the conversation away from the sagging economy and onto ground of tax fairness, which Mr. Obama prefers. His campaign will amplify the message with a series of battleground state events this week. On Monday, Mr. Obama will appear in the East Room, surrounded by people who would benefit from the extension, an administration official said. It's another display of the power of incumbency, whereby a president can command attention for his ideas in grand surroundings not available to his challenger.
Henry Blodget is still asking nicely.
FASB is moving DVA to OCI, ya dig?
Private and public companies report rise in audit fees in 2011 [JofA]
Private companies reported a 7% increase, and publicly held companies reported a 5% increase in external audit fees paid, according to the 2012 Audit Fee Survey, which was conducted by the research arm of Financial Executives International (FEI).
Tax Court: IRS Agent Could Substantiate Only $215 of $95,000 of Claimed Charitable & Medical Deductions [TaxProf]
That doesn't fly.
Accountant, 80, puts railway through back garden [Telegraph]
Bill Barritt, 80, spent three years building his own private train and 1.2 miles of track, which takes him around his 13 acres of land at his country home. The 25ft (7.5m) long eight-passenger train imported from America. The grandfather uses the train to ferry his 12 grandchildren around his sprawling back garden in Bridgnorth, Shrops. Yesterday Bill revealed it was his wife Patricia, 81, who persuaded him to fulfil his dream of owning his own train line. Bill, said: "Patricia told me I should build a railway because she knew it was something I'd always said I'd do. "I did it because she told me too really. Now I can get around the garden at any time, and my train always runs on time."
