February 17, 2017 Tax Bits

A Post-Election Reg-time Tune

By Robert S. Steinberg, Law Offices of Robert S. Steinberg, Palmetto Bay, FL

Without the Regs

(To the tune of “Without a Song,” by Vincent Youmans, Billy Rose and Edward Eliscu (1929).)

Spoken Intro
Trump’s presidential order quite incredible
Mandating that all agencies, that is, those federal
Eliminate two Regs for every new one promulgated
Has coast-to-coast tax lawyers agitated.
Something must be done.

Verses

Without the Regs
We search the Code for signs.
Without the Regs
We read between the lines.
What Congress pegs
Paints only broad designs
Without the Regs.

The tax law begs
For rules to clarify.
Without the Regs
Tax law would mystify.
Go tell the Prez,
Big deals hang out to dry
Without the Regs.

The TRA 69, hung out on the line Sec. 385.
Now Regulations have passed, and we’re all aghast.
Will big debt survive?

Still all in all
The Regs keep us on call.
Without the Regs
Our gross receipts would fall.
Go find a job
Wallpapering a wall
Without the Regs.