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In Politics, Spite Will Forever Trump Progress

Posted on September 17, 2010 by Caleb Newquist

“It’s amazing to me how difficult it is to work together around here, even when we want to.”

~ Orrin Hatch (R-UT), referring to how the U.S. Senate managed to drag out the passing of the small-business bill.

Posted in Quote of the DayTagged Orrin Hatch, Politics, Small Business, U.S. Senate

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Quote of the Day: Dear Abby Should Not Be Giving Advice About Taxes | 04.14.10

  • Caleb Newquist
  • April 15, 2010

Dear Ms. Van Buren:

Your response to “Phobic” about her boyfriend’s tax returns contained a significant error. You characterized enrolled agents as “the only tax specialists licensed to practice before the IRS,” which is not true. The fact is, certified public accountants and attorneys are federally authorized to represent clients before the IRS.


The CPA has long been synonymous with reliable, objective tax preparation and ranks as the preferred tax professional among millions of U.S. taxpayers.

On behalf of the many CPAs who prepare tax returns every year, we would be appreciative if you would print a correction in your column.

~ Tom Ochsenschlager, Vice President – Taxation American Institute of Certified Public Accountants, in response to this.

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Does Father Know Best About Restatements?

  • Caleb Newquist
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“My father brings tremendous wisdom and experience, which will help Overstock continue to grow and mature as a company. I am pleased that the Board of Directors nominated him, grateful that he was elected by the stockholders, and look forward to working with him again.”

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HR 4213: Soon-to-be the Worst Tax Enactment of the New Decade?

  • Caleb Newquist
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“The S corporation tax increase in HR 4213 is a mess and should not be enacted.”

~ Joe Kristan, on the legislation that will hit small business with a 2.9% medicare tax increase.

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