2008 Tax Forecast
While everyone else is predicting the presidential primaries, we thought we’d take a look at the forecast for tax policy in Congress this year.
The usual refrain for a presidential election year is that all the real policy issues are pushed aside in favor of posturing for the election and the following session of Congress.
While we expect to see lots of posturing, there are two reasons why some real tax work might get done this year, namely, the deteriorating economy and the expiration of the R&E tax credit and other tax extenders.
Nearly all of the Presidential candidates have put forward a …