often ask me, “Ed, when do you think we’ll finally see tax reform?”
“Not before 2014,” I respond with assurance.
“How can you be so sure, Ed?” they say.
ball never lies!
started getting a bit nervous about sounding so confident. After a little digging, I found out my crystal
ball had once predicted that the Titanic was unsinkable, yet it went down on
April 15, 1912. How’s that for foreshadowing?! That forced me to do some soul
searching and thinking.
to November 2011. I was sitting next to Pat Thompson, who chaired the AICPA Tax
Executive Committee. We were listening
to Don Longano, former House Ways and Means Committee Chief Counsel and
Washington tax insider, share his views on the prospects for tax legislation at
the National Tax Conference.