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Mike, the ' endangered' CPA is just the tip of the iceberg! Tax attorneys, pension planners, Insurance companies, trust companies, financial advisors - all affected. In fact whole areas of
social behavior- charitable giving, municipal spending, dinners for customers, effect of property taxes as a real expence, the car you buy,the rationalization that a big mortgage is saving you on taxes ( therefore the entire real estate industry) are all dramatically impacted.
I'm not saying these changes are bad. I'm just saying that the effects of such a fundamental change to our existing system must be considered very carefully. It is always the secondary and beyond effects that no one considered that have a way of turning roses into manure!
JR
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