Insights

MPL General Counsel Corner – Making the complex, more complex

September 20, 2021

The topic of the day this past week was the proposed $3.5 trillion spending package put forth by the House.  Talk about making the complex even more complex.  This momentum to raise taxes has resulted in a surge of business owners trying to complete transactions before the end of the year.  While I know enough about taxes to be dangerous, I will not profess to be a tax expert.  So, here are some rundowns of the proposed spending bill that I thought may be of interest to you:

I will leave you with some quotes that I think are applicable to this week’s topic:

The government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.” – Ronald Reagan

Dear IRS, I am writing to you to cancel my subscription. Please remove my name from your mailing list.” – Snoopy

People who complain about taxes can be divided into two classes: men and women.” – Anonymous

Here are a few other things that may be of interest:

Please see all of our prior updates at this link or if you would like to be added to our email list, please click here.  

As always, please don’t hesitate to email myself (jsanders@mpl-law.com), Andy Miller (amiller@mpl-law.com), Christian Miller (cmiller@mpl-law.com), Erik Spurlin (espurlin@mpl-law.com) or anyone in our office with questions or comments.  

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