Please ensure Javascript is enabled for purposes of website accessibility

In Other Words, The Estate Tax Debate Will Continue to Drag On

“The debate becomes what rate to apply, and there’s the Republican view and the Democratic view, and what level of transfer exemption should be there. There are two different camps on that. I think historically that would be ripe for sort of compromising down the middle, but unfortunately, that’s not the political environment that exists right now.”

~ AICPA President and CEO Barry Melancon remains optimistic that something will get done.

“The debate becomes what rate to apply, and there’s the Republican view and the Democratic view, and what level of transfer exemption should be there. There are two different camps on that. I think historically that would be ripe for sort of compromising down the middle, but unfortunately, that’s not the political environment that exists right now.”

~ AICPA President and CEO Barry Melancon remains optimistic that something will get done.

Latest Accounting Jobs--Apply Now:

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Related articles

funny cat

Friday Footnotes: EY Partners Are Split on the Split; PCAOB Further Annoys Auditors; Recruiting Events Are Back! | 3.31.23

Remember tomorrow is April Fool’s. We aren’t planning anything, every day is a joke for us. For nostalgia’s sake, here’s a look back on the time we wrote only about bitcoin and put a fake bitcoin paywall on the site for a couple hours. People did not enjoy that. Big 4 EY Fails to Reach […]

Looks Like Deloitte Is Ditching Its Downtown Atlanta Office

Before anyone gets too excited, Deloitte isn’t going fully remote in Atlanta. Atlanta Business Chronicle reports Deloitte has not renewed its 260,000 square foot lease at 191 Peachtree according to loan documents reviewed by the Chronicle. It’s suspected that the firm is downsizing. Multiple sources with knowledge of the market say Deloitte is eyeing Midtown. […]