The following is an excerpt from the article “Tax Law to The Rescue“, by Sam Braunstein and Carol F. Burger. It was published in the ABA Journal, November 2008.
Concerns about the state of the U.S. economy can be illustrated in many ways: financial charts depicting the wild swings of the stock market, gloomy data coming out of the housing market, and even the personal testimony of homeowners who lost their properties to foreclosure and workers who lost their jobs.
But perhaps the most telling measure of the economic crisis has been the escalating involvement of the federal government in efforts to prop up various segments of the nation’s financial structure.