Organizations fighting U.S. debt get support of AICPA board


A continuing devotion to fiscal responsibility has led to a resolution by the AICPA board of directors supporting two nonpartisan organizations devoted to combating the U.S. federal debt.

In the resolution, the AICPA expresses support for the Campaign to Fix the Debt and the Comeback America Initiative, which express concern over the federal debt’s impact on the nation’s long-term fiscal health. The resolution is available at tinyurl.com/d2rbsqz.

The AICPA, which believes the U.S. government should operate on a sustainable budget and address its current debt crisis, will encourage state CPA societies to consider getting involved in the efforts and promoting fiscal responsibility, according to the resolution, which the board adopted on Nov. 9.

In addition, the resolution says, the AICPA will continue to seek ways to advocate for reduced complexity for American businesses and individuals.

The resolution reinforces a message the AICPA already has been sending. Greg Anton, the 2011–12 chairman of the AICPA board of directors, described the debt the United States has accumulated and the consequences it could have for the future of the nation in a video, “What’s at Stake,” which is available at tinyurl.com/b4hmave.

SPONSORED REPORT

Solving the lease accounting challenge

The challenges of the new lease accounting standard have been pervasive to say the least. In this free, independently-written report, you'll learn effective adoption strategies as well as resources for easing the transition to the new standard.

FEATURE

Tackling TCJA changes this tax season

Return preparers must be ready for how the Tax Cuts and Jobs Act has modified many common features of individual and business returns.