The "American Institute of Certified Public Accountants"------AICPA------is the national organization of CPAs..

I just received the email below from the tax section of AICPA.

Merely news as to what is supposedly going on........

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AICPA TAX SECTION
Tax Section E-Alert
www.aicpa.org/tax
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April 17, 2009

--- Tax News You Can Use

--- Tax Reform -- Obama Style

Many Tax Section members are concerned about how taxes will change to pay for the cost of reviving our economy, and recently the Obama administration started gathering top individuals to serve on a task force to review and "rebalance" the Internal Revenue Code. The task force goals are greater simplification, higher levels of compliance, and continued rate progressivity.

Consistent with election promises, the panel has been directed not to increase taxes on families earning less than $250,000 a year and not to increase taxes in 2009 and 2010, and the task force's timetable to have conclusions ready for the 2011 budget. In the meantime, we'll just have to wait to learn specifics and hope for a swift and strong economic recovery.