Congress's Stealth Tax

Wall St Journal ^ | July 24, 2002 | CLARK S. JUDGE

[SJackson]

Congress is racing to enact an accounting reform bill. But have the members stopped to consider the fine print? If they did, they would find in the Senate version of the legislation a provision with the potential to cause more havoc in our markets than a dozen Enrons.

[Free the USA]

Index Bump

[doberville]

Sarbanes is just another of our Maryland state grown gonifs. It appears to be our best crop.

[Major Matt Mason]

I am by no means an economic expert, but it seems to me that the end result of more regulation on publicly traded companies is for companies to simply not go public, or remain private. This would help a company avoid the over-scrutinization that is bound to happen, although it would also mean that growing the company will be more difficult without the millions provided by investors through the stock market. I have no idea if this is a good or bad thing, or if it will mean we'll simply have more smaller corporations in the future.