Not a Lexis+ subscriber? Try it out for free.
LexisNexis® CLE On-Demand features premium content from partners like American Law Institute Continuing Legal Education and Pozner & Dodd. Choose from a broad listing of topics suited for law firms, corporate legal departments, and government entities. Individual courses and subscriptions available.
Thanks to all the Tax.com readers who participated in our recent survey.
Our first survey question was about the congressional deficit reduction 'super' committee.
A clear majority of participants, 59%, responded that the committee's plan would not gain Congressional approval, meaning those automatic spending cuts would take effect.
The majority view sounds reasonable given our political realities. The GOP-controlled House of Representatives seems unlikely to agree to any package containing tax increases. Likewise, the Democratic-controlled Senate seems unlikely to pass any plan consisting solely of spending cuts...
Our second question involved... [t]he Bush tax cuts...
35% of you predicted the tax cuts would be renewed for everyone (the GOP position), while 33% said the tax cuts would be extended only for the bottom 98% of wage earners (the Obama position), and 32% think the tax cuts will expire for everyone.
View TaxAnalysts' Robert Goulder's opinion in its entirety on TAX.com.
Discover the features and benefits of LexisNexis® Tax Center
For quality Tax & Accounting research resources, visit the LexisNexis® Store