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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: TigerPaw who wrote (218006)1/13/2002 11:39:28 PM
From: greenspirit  Read Replies (1) | Respond to of 769667
 
res- INTERESING DEDUCTIONS? Details of the IRS probe were not available. But according to attorneys familiar with tax law, the agency could be looking into whether the original accounting treatment, which separated the partnerships' profits and losses from Enron's, misstated the giant company's tax liability. In particular, the probe could look at whether Enron claimed interest deductions for $1.2 billion in debt that it carried on its books as shareholders' equity.

Why don't we wait till the facts are known before jumping to could, maybe's and perhaps just yet Tiger.

By the way, do you think Democrats will get their way and raise taxes by preventing the tax cuts from taking effect?